Twin Disc (NASDAQ:TWIN) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Twin Disc (NASDAQ:TWINGet Rating) in a report released on Tuesday morning. The firm issued a buy rating on the industrial products company’s stock.

TWIN opened at $8.53 on Tuesday. Twin Disc has a fifty-two week low of $8.35 and a fifty-two week high of $18.20. The business has a 50-day moving average of $11.86 and a 200-day moving average of $12.63. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.37 and a quick ratio of 0.83. The company has a market capitalization of $116.45 million, a PE ratio of -9.07 and a beta of 1.62.

Twin Disc (NASDAQ:TWINGet Rating) last released its earnings results on Friday, April 29th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.19. The firm had revenue of $59.29 million for the quarter, compared to analyst estimates of $69.20 million. Twin Disc had a positive return on equity of 1.03% and a negative net margin of 5.31%. During the same quarter last year, the firm posted $0.01 EPS. On average, equities research analysts expect that Twin Disc will post 0.22 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in TWIN. AMH Equity Ltd bought a new stake in shares of Twin Disc during the fourth quarter worth $7,446,000. Victory Capital Management Inc. bought a new stake in Twin Disc in the first quarter valued at about $2,566,000. Royce & Associates LP grew its stake in Twin Disc by 21.9% in the fourth quarter. Royce & Associates LP now owns 512,317 shares of the industrial products company’s stock valued at $5,615,000 after acquiring an additional 92,009 shares during the period. EAM Investors LLC acquired a new position in Twin Disc in the first quarter valued at about $1,052,000. Finally, Gamco Investors INC. ET AL grew its stake in Twin Disc by 1.9% in the fourth quarter. Gamco Investors INC. ET AL now owns 1,502,209 shares of the industrial products company’s stock valued at $16,464,000 after acquiring an additional 28,294 shares during the period. 61.35% of the stock is currently owned by institutional investors and hedge funds.

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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