Twin Disc, Incorporated (NASDAQ:TWIN) Declares $0.04 Quarterly Dividend

Key Points

• Twin Disc, Incorporated declared a quarterly dividend of $0.04 per share, with an ex-dividend date of August 18th and payment date of September 1st.
• The company's latest earnings report showed a loss of $0.11 per share, significantly missing the consensus estimate, while revenue was reported at $812.42 million.
• Analysts have mixed ratings on Twin Disc, with one firm issuing a "buy" rating and a $12 price target, while another downgraded it from "strong-buy" to "hold."

Twin Disc, Incorporated (NASDAQ:TWIN - Get Free Report) announced a quarterly dividend on Friday, August 8th, Wall Street Journal reports. Stockholders of record on Monday, August 18th will be given a dividend of 0.04 per share by the industrial products company on Monday, September 1st. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, August 18th.

Twin Disc has a payout ratio of 14.3% meaning its dividend is sufficiently covered by earnings.

Twin Disc Stock Performance

TWIN traded down $0.11 during trading hours on Friday, reaching $8.90. The company's stock had a trading volume of 17,925 shares, compared to its average volume of 55,802. Twin Disc has a 52 week low of $6.16 and a 52 week high of $13.40. The company's 50-day moving average is $8.60 and its 200-day moving average is $8.39. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.86 and a current ratio of 2.11. The firm has a market cap of $125.94 million, a PE ratio of 30.69 and a beta of 0.81.

Twin Disc (NASDAQ:TWIN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.32). The firm had revenue of $812.42 million for the quarter, compared to the consensus estimate of $93.30 million. Twin Disc had a return on equity of 0.75% and a net margin of 1.25%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Longbow Research assumed coverage on Twin Disc in a research report on Thursday, April 17th. They issued a "buy" rating and a $12.00 price target on the stock. Wall Street Zen cut Twin Disc from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 16th.

Twin Disc Company Profile

Twin Disc, Incorporated engages in the design, manufacture, and sale of marine and heavy duty off-highway power transmission equipment in the United States, the Netherlands, China, Australia, Italy, and internationally. The company operates in two segments, Manufacturing and Distribution. Its principal 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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