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.
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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