Twin River Worldwide (TRWH) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

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Twin River Worldwide (NYSE:TRWH) released its quarterly earnings data on Tuesday. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.53 by $0.06, Fidelity Earnings reports. The business had revenue of $120.63 million during the quarter, compared to analysts’ expectations of $119.10 million.

NYSE TRWH traded up $0.02 during mid-day trading on Wednesday, reaching $30.09. 766 shares of the stock were exchanged, compared to its average volume of 104,710. Twin River Worldwide has a 1 year low of $28.95 and a 1 year high of $33.98.

In other news, major shareholder Chatham Asset Management, Llc purchased 8,169 shares of the stock in a transaction that occurred on Tuesday, April 16th. The shares were purchased at an average cost of $33.15 per share, with a total value of $270,802.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Alternative Asset Manage Solus sold 28,683 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $31.04, for a total transaction of $890,320.32. The disclosure for this sale can be found here. Insiders have purchased 191,523 shares of company stock worth $5,972,681 over the last three months. 35.00% of the stock is currently owned by insiders.

Separately, Stifel Nicolaus began coverage on shares of Twin River Worldwide in a report on Wednesday, April 24th. They set a “buy” rating and a $43.00 price target on the stock.

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About Twin River Worldwide

There is no company description available for Twin River Worldwide Holdings Inc

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