Twitter Inc (TWTR) Expected to Post Earnings of $0.25 Per Share

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Equities analysts expect that Twitter Inc (NYSE:TWTR) will post earnings per share of $0.25 for the current quarter, Zacks Investment Research reports. Thirteen analysts have issued estimates for Twitter’s earnings. The highest EPS estimate is $0.39 and the lowest is $0.19. Twitter reported earnings of $0.19 per share in the same quarter last year, which would indicate a positive year over year growth rate of 31.6%. The firm is scheduled to report its next earnings results on Thursday, February 14th.

According to Zacks, analysts expect that Twitter will report full year earnings of $0.79 per share for the current year, with EPS estimates ranging from $0.67 to $0.94. For the next year, analysts anticipate that the company will post earnings of $0.88 per share, with EPS estimates ranging from $0.69 to $1.12. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Twitter.

Twitter (NYSE:TWTR) last announced its earnings results on Thursday, October 25th. The social networking company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.17. The company had revenue of $758.11 million for the quarter, compared to analyst estimates of $703.57 million. Twitter had a return on equity of 6.75% and a net margin of 36.35%.

A number of analysts have issued reports on the company. Pivotal Research reissued a “hold” rating and issued a $28.00 target price on shares of Twitter in a research report on Thursday, October 25th. Nomura boosted their target price on Twitter from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Friday, October 26th. Zacks Investment Research lowered Twitter from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 29th. Aegis boosted their price target on shares of Twitter from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Monday, October 29th. Finally, Macquarie downgraded shares of Twitter from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $36.00 to $42.00 in a research note on Wednesday, July 18th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $34.75.

In related news, insider Robert Kaiden sold 2,374 shares of the business’s stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $34.03, for a total transaction of $80,787.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Evan Clark Williams sold 682,242 shares of the business’s stock in a transaction on Thursday, October 11th. The stock was sold at an average price of $27.20, for a total transaction of $18,556,982.40. Following the transaction, the director now owns 1,491,702 shares of the company’s stock, valued at approximately $40,574,294.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,156,195 shares of company stock valued at $126,755,075. Insiders own 6.62% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Harvest Fund Management Co. Ltd purchased a new stake in Twitter in the second quarter valued at $112,000. Kiley Juergens Wealth Management LLC purchased a new stake in Twitter in the second quarter valued at $113,000. Castleark Management LLC purchased a new stake in Twitter in the second quarter valued at $121,000. Quad Cities Investment Group LLC purchased a new stake in Twitter in the second quarter valued at $132,000. Finally, Focused Wealth Management Inc lifted its position in Twitter by 144.3% in the second quarter. Focused Wealth Management Inc now owns 3,217 shares of the social networking company’s stock valued at $140,000 after acquiring an additional 1,900 shares during the last quarter. Hedge funds and other institutional investors own 65.14% of the company’s stock.

Shares of NYSE TWTR opened at $34.42 on Friday. The company has a market capitalization of $26.11 billion, a price-to-earnings ratio of 573.67, a PEG ratio of 3.52 and a beta of 0.32. The company has a debt-to-equity ratio of 0.27, a quick ratio of 4.61 and a current ratio of 4.61. Twitter has a 52-week low of $19.36 and a 52-week high of $47.79.

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 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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