Twin Disc (NASDAQ:TWIN) Releases Quarterly Earnings Results, Beats Expectations By $0.41 EPS

Key Points

• Twin Disc exceeded quarterly expectations, reporting EPS of $0.64 versus the $0.23 consensus estimate and revenue of $114.4 million compared with expectations of $100.35 million.
• The company increased its quarterly dividend to $0.05 per share from $0.04, resulting in an annualized dividend of $0.20 and a 0.8% yield.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and a $30 price target; institutional investors own 65.25% of the company.

Twin Disc (NASDAQ:TWIN - Get Free Report) issued its quarterly earnings results on Thursday. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.41, FiscalAI reports. The company had revenue of $114.40 million for the quarter, compared to analysts' expectations of $100.35 million. Twin Disc had a return on equity of 2.77% and a net margin of 7.32%.

Twin Disc Stock Up 0.2%

Shares of NASDAQ:TWIN opened at $23.74 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.09 and a quick ratio of 0.81. The firm has a fifty day moving average price of $22.80 and a 200 day moving average price of $19.08. Twin Disc has a 1-year low of $8.50 and a 1-year high of $25.50. The stock has a market cap of $342.34 million, a P/E ratio of 12.98 and a beta of 0.64.

Twin Disc Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, August 18th. This is a positive change from Twin Disc's previous quarterly dividend of $0.04. Twin Disc's dividend payout ratio (DPR) is currently 10.87%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wall Street Zen downgraded Twin Disc from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 6th. Lake Street Capital started coverage on shares of Twin Disc in a research note on Thursday, July 9th. They issued a "buy" rating and a $30.00 price objective for the company. Finally, Weiss Ratings raised shares of Twin Disc from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, June 12th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Twin Disc presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.00.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of Twin Disc by 2.3% in the 4th quarter. State Street Corp now owns 44,105 shares of the industrial products company's stock worth $736,000 after buying an additional 1,000 shares during the period. Jane Street Group LLC boosted its holdings in Twin Disc by 181.5% in the fourth quarter. Jane Street Group LLC now owns 44,203 shares of the industrial products company's stock valued at $737,000 after purchasing an additional 28,501 shares during the last quarter. Bridgeway Capital Management LLC increased its holdings in Twin Disc by 20.8% during the 4th quarter. Bridgeway Capital Management LLC now owns 56,266 shares of the industrial products company's stock worth $939,000 after purchasing an additional 9,669 shares during the last quarter. Susquehanna International Group LLP grew its position in shares of Twin Disc by 441.6% during the third quarter. Susquehanna International Group LLP now owns 99,791 shares of the industrial products company's stock worth $1,391,000 after buying an additional 81,366 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Twin Disc by 0.9% in the third quarter. Vanguard Group Inc. now owns 576,549 shares of the industrial products company's stock valued at $8,037,000 after acquiring an additional 5,407 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company's stock.

Twin Disc Company Profile

Twin Disc, Inc NASDAQ: TWIN is a global designer and manufacturer of power transmission equipment for marine and industrial applications. Headquartered in Racine, Wisconsin, the company develops a range of mechanical and digital solutions that control power delivery in demanding environments. Its portfolio includes marine gears, power take-offs, clutches, brakes, transmissions and controllable pitch propeller systems engineered to withstand heavy loads and corrosive conditions.

In addition to original equipment manufacturing, Twin Disc offers aftermarket parts and services, including maintenance, repair and overhaul support through a network of service centers worldwide.

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