Brokerages Expect Twitter Inc (NYSE:TWTR) to Announce $0.18 EPS

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Brokerages expect Twitter Inc (NYSE:TWTR) to announce $0.18 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for Twitter’s earnings. The lowest EPS estimate is $0.12 and the highest is $0.22. Twitter reported earnings per share of $0.17 in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.9%. The company is expected to issue its next earnings report on Friday, July 26th.

On average, analysts expect that Twitter will report full-year earnings of $1.05 per share for the current year, with EPS estimates ranging from $0.89 to $1.20. For the next fiscal year, analysts anticipate that the business will report earnings of $1.06 per share, with EPS estimates ranging from $0.93 to $1.20. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Twitter.

Twitter (NYSE:TWTR) last announced its quarterly earnings results on Tuesday, April 23rd. The social networking company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.31. Twitter had a return on equity of 8.37% and a net margin of 42.20%. The company had revenue of $787.00 million during the quarter, compared to analyst estimates of $775.16 million. During the same quarter last year, the firm posted $0.16 earnings per share. The firm’s revenue was up 18.3% on a year-over-year basis.

Several brokerages have issued reports on TWTR. Canaccord Genuity reissued a “hold” rating and issued a $42.00 target price (up from $32.00) on shares of Twitter in a research report on Wednesday, April 24th. They noted that the move was a valuation call. Moffett Nathanson dropped their target price on Twitter from $28.00 to $25.00 and set a “sell” rating on the stock in a research report on Thursday, June 13th. UBS Group lifted their price objective on Twitter from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Wedbush reaffirmed a “hold” rating and set a $39.00 price objective on shares of Twitter in a research report on Wednesday, April 24th. Finally, Pivotal Research began coverage on Twitter in a research report on Wednesday, May 29th. They set a “buy” rating and a $48.00 price objective on the stock. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and sixteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $39.78.

In other news, VP Matthew Derella sold 18,002 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $40.36, for a total value of $726,560.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael Montano sold 1,250 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $34.69, for a total value of $43,362.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 105,922 shares of company stock worth $3,999,781. Company insiders own 2.65% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. JOYN Advisors Inc. lifted its position in Twitter by 258.5% during the fourth quarter. JOYN Advisors Inc. now owns 1,018 shares of the social networking company’s stock worth $29,000 after buying an additional 734 shares in the last quarter. Mosaic Family Wealth LLC lifted its position in Twitter by 47.3% during the fourth quarter. Mosaic Family Wealth LLC now owns 1,106 shares of the social networking company’s stock worth $32,000 after buying an additional 355 shares in the last quarter. Moody National Bank Trust Division lifted its position in Twitter by 92.6% during the first quarter. Moody National Bank Trust Division now owns 994 shares of the social networking company’s stock worth $33,000 after buying an additional 478 shares in the last quarter. First Financial Corp IN purchased a new position in Twitter during the first quarter worth approximately $33,000. Finally, Asset Dedication LLC purchased a new position in Twitter during the first quarter worth approximately $33,000. Hedge funds and other institutional investors own 67.09% of the company’s stock.

NYSE TWTR traded down $0.14 during trading hours on Friday, hitting $35.08. The company’s stock had a trading volume of 384,963 shares, compared to its average volume of 12,215,318. The company has a market capitalization of $27.07 billion, a P/E ratio of 64.50, a P/E/G ratio of 2.21 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.47 and a current ratio of 4.47. The stock has a 50 day moving average price of $36.97. Twitter has a 12 month low of $26.19 and a 12 month high of $46.90.

About Twitter

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter, a platform that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.

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