StockNews.com initiated coverage on shares of Twin Disc (NASDAQ:TWIN – Get Rating) in a research note published on Tuesday morning. The firm issued a buy rating on the industrial products company’s stock.
Shares of NASDAQ TWIN opened at $8.53 on Tuesday. The stock has a market capitalization of $116.45 million, a P/E ratio of -9.07 and a beta of 1.62. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.37 and a quick ratio of 0.83. Twin Disc has a 1 year low of $8.35 and a 1 year high of $18.20. The company’s 50-day moving average is $11.86 and its 200 day moving average is $12.63.
Twin Disc (NASDAQ:TWIN – Get Rating) last issued its quarterly earnings data on Friday, April 29th. The industrial products company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.19. The company had revenue of $59.29 million for the quarter, compared to the consensus estimate of $69.20 million. Twin Disc had a negative net margin of 5.31% and a positive return on equity of 1.03%. During the same quarter in the prior year, the firm earned $0.01 earnings per share. Research analysts anticipate that Twin Disc will post 0.22 earnings per share for the current year.
Twin Disc Company Profile (Get Rating)
Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment worldwide. It operates through two segments, Manufacturing and Distribution. The company's products include marine transmissions, azimuth drives, surface drives, propellers, and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.
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