Wall Street brokerages expect Twin Disc, Incorporated (NASDAQ:TWIN) to announce sales of $69.65 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Twin Disc’s earnings, with the highest sales estimate coming in at $70.60 million and the lowest estimate coming in at $68.70 million. Twin Disc reported sales of $78.11 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 10.8%. The firm is expected to report its next earnings report on Friday, February 7th.

According to Zacks, analysts expect that Twin Disc will report full-year sales of $276.05 million for the current fiscal year, with estimates ranging from $272.20 million to $279.90 million. For the next fiscal year, analysts forecast that the firm will report sales of $289.00 million, with estimates ranging from $283.10 million to $294.90 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Twin Disc.

Twin Disc (NASDAQ:TWIN) last issued its quarterly earnings results on Friday, November 1st. The industrial products company reported ($0.48) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.26). The company had revenue of $59.29 million during the quarter, compared to analysts’ expectations of $70.65 million. Twin Disc had a return on equity of 1.74% and a net margin of 1.09%.

TWIN has been the subject of several recent analyst reports. Robert W. Baird set a $14.00 target price on shares of Twin Disc and gave the stock a “hold” rating in a report on Monday, August 12th. TheStreet lowered shares of Twin Disc from a “c” rating to a “d+” rating in a report on Friday, November 1st. Zacks Investment Research downgraded shares of Twin Disc from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Finally, ValuEngine raised shares of Twin Disc from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $17.33.

A number of large investors have recently bought and sold shares of TWIN. Rhumbline Advisers grew its stake in Twin Disc by 9.0% during the 3rd quarter. Rhumbline Advisers now owns 16,518 shares of the industrial products company’s stock valued at $175,000 after acquiring an additional 1,368 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Twin Disc by 8.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 23,813 shares of the industrial products company’s stock worth $360,000 after purchasing an additional 1,948 shares in the last quarter. Perritt Capital Management Inc. lifted its position in shares of Twin Disc by 4.3% in the second quarter. Perritt Capital Management Inc. now owns 48,900 shares of the industrial products company’s stock worth $738,000 after purchasing an additional 2,000 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Twin Disc by 2.7% during the second quarter. Northern Trust Corp now owns 120,807 shares of the industrial products company’s stock worth $1,824,000 after purchasing an additional 3,179 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in shares of Twin Disc by 5.8% during the third quarter. California Public Employees Retirement System now owns 97,900 shares of the industrial products company’s stock worth $1,037,000 after purchasing an additional 5,400 shares during the period. 59.90% of the stock is currently owned by hedge funds and other institutional investors.

TWIN stock traded down $0.07 during mid-day trading on Friday, reaching $9.94. 21,840 shares of the stock traded hands, compared to its average volume of 30,881. The company has a current ratio of 2.75, a quick ratio of 0.99 and a debt-to-equity ratio of 0.36. Twin Disc has a 52-week low of $9.59 and a 52-week high of $19.15. The company has a market cap of $134.54 million, a P/E ratio of 11.84 and a beta of 1.99. The stock’s fifty day moving average is $10.60 and its 200-day moving average is $12.08.

Twin Disc Company Profile

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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