Brokerages predict that Twitter Inc (NYSE:TWTR) will announce $774.86 million in sales for the current fiscal quarter, Zacks reports. Twelve analysts have made estimates for Twitter’s earnings, with the lowest sales estimate coming in at $755.00 million and the highest estimate coming in at $796.30 million. Twitter posted sales of $664.87 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 16.5%. The company is scheduled to report its next quarterly earnings results before the market opens on Tuesday, April 23rd.
On average, analysts expect that Twitter will report full-year sales of $3.49 billion for the current fiscal year, with estimates ranging from $3.44 billion to $3.55 billion. For the next financial year, analysts forecast that the company will post sales of $3.97 billion, with estimates ranging from $3.78 billion to $4.09 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover Twitter.
Twitter (NYSE:TWTR) last announced its quarterly earnings data on Thursday, February 7th. The social networking company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.15. The company had revenue of $908.84 million during the quarter, compared to the consensus estimate of $864.87 million. Twitter had a return on equity of 8.08% and a net margin of 39.63%. The firm’s revenue was up 24.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 EPS.
TWTR has been the subject of a number of recent research reports. Vertical Group upgraded Twitter from a “hold” rating to a “buy” rating in a research note on Monday, January 28th. Wedbush restated a “neutral” rating on shares of Twitter in a research note on Monday, February 11th. JPMorgan Chase & Co. restated a “buy” rating and issued a $44.00 price target on shares of Twitter in a research note on Thursday, January 10th. BTIG Research restated a “buy” rating and issued a $42.00 price target (up from $30.00) on shares of Twitter in a research note on Tuesday, February 12th. Finally, Bank of America upgraded Twitter from an “underperform” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Thursday, January 10th. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $35.79.
Shares of NYSE:TWTR opened at $34.71 on Tuesday. The company has a market cap of $26.81 billion, a P/E ratio of 63.11, a P/E/G ratio of 3.08 and a beta of 0.50. The company has a quick ratio of 4.69, a current ratio of 4.69 and a debt-to-equity ratio of 0.26. Twitter has a 12-month low of $26.19 and a 12-month high of $47.79.
In related news, Director Evan Clark Williams sold 24,643 shares of the stock in a transaction on Tuesday, January 29th. The stock was sold at an average price of $31.81, for a total transaction of $783,893.83. Following the sale, the director now owns 1,142,442 shares in the company, valued at approximately $36,341,080.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael Montano sold 1,250 shares of the stock in a transaction on Tuesday, January 22nd. The shares were sold at an average price of $32.97, for a total value of $41,212.50. The disclosure for this sale can be found here. Insiders have sold a total of 1,464,431 shares of company stock worth $46,652,981 over the last ninety days. Insiders own 6.62% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Hodges Capital Management Inc. raised its holdings in Twitter by 33.0% during the 1st quarter. Hodges Capital Management Inc. now owns 179,400 shares of the social networking company’s stock valued at $5,899,000 after buying an additional 44,500 shares during the period. WP Advisors LLC bought a new position in Twitter in the 1st quarter valued at $46,000. Retirement Systems of Alabama grew its position in Twitter by 0.8% in the 1st quarter. Retirement Systems of Alabama now owns 1,023,014 shares of the social networking company’s stock valued at $33,637,000 after acquiring an additional 7,812 shares during the last quarter. Louisiana State Employees Retirement System grew its position in Twitter by 1.6% in the 1st quarter. Louisiana State Employees Retirement System now owns 38,500 shares of the social networking company’s stock valued at $1,266,000 after acquiring an additional 600 shares during the last quarter. Finally, Landsberg Bennett & Dubbaneh LLC bought a new position in Twitter in the 1st quarter valued at $587,000. Institutional investors own 68.37% of the company’s stock.
Twitter Company Profile
Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter, a platform 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.
See Also: Understanding Options Trading
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Twitter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter and related companies with MarketBeat.com's FREE daily email newsletter.