Twin Disc (TWIN) Sets New 52-Week Low After Earnings Miss

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Twin Disc, Incorporated (NASDAQ:TWIN) shares reached a new 52-week low during trading on Tuesday following a dissappointing earnings announcement. The stock traded as low as $18.60 and last traded at $18.93, with a volume of 2256 shares. The stock had previously closed at $20.22.

The industrial products company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.02). Twin Disc had a net margin of 3.96% and a return on equity of 11.79%. The firm had revenue of $74.69 million during the quarter, compared to analysts’ expectations of $76.20 million.

Several equities analysts recently weighed in on TWIN shares. Zacks Investment Research downgraded Twin Disc from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 12th. BidaskClub raised Twin Disc from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 8th. Finally, ValuEngine downgraded Twin Disc from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th.

Large investors have recently made changes to their positions in the business. Gabelli Funds LLC grew its holdings in Twin Disc by 3.9% during the 2nd quarter. Gabelli Funds LLC now owns 331,405 shares of the industrial products company’s stock valued at $8,225,000 after buying an additional 12,305 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in Twin Disc by 9.8% during the 2nd quarter. Gamco Investors INC. ET AL now owns 1,455,771 shares of the industrial products company’s stock valued at $36,132,000 after buying an additional 129,778 shares during the last quarter. Algert Global LLC grew its holdings in Twin Disc by 56.5% during the 2nd quarter. Algert Global LLC now owns 39,343 shares of the industrial products company’s stock valued at $976,000 after buying an additional 14,199 shares during the last quarter. Chicago Equity Partners LLC grew its holdings in Twin Disc by 79.0% during the 2nd quarter. Chicago Equity Partners LLC now owns 32,250 shares of the industrial products company’s stock valued at $800,000 after buying an additional 14,235 shares during the last quarter. Finally, Skylands Capital LLC grew its holdings in Twin Disc by 89.4% during the 3rd quarter. Skylands Capital LLC now owns 140,700 shares of the industrial products company’s stock valued at $3,242,000 after buying an additional 66,400 shares during the last quarter. Hedge funds and other institutional investors own 47.12% of the company’s stock.

The firm has a market cap of $253.26 million, a P/E ratio of 13.64 and a beta of 1.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.55 and a quick ratio of 1.21.

About Twin Disc (NASDAQ:TWIN)

Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment worldwide. The company operates through two segments, Manufacturing and Distribution. Its products include marine transmissions, surface drives, propellers, and boat management systems; and power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.

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