Twitter Inc (NYSE:TWTR) Expected to Post Quarterly Sales of $756.74 Million

Analysts expect Twitter Inc (NYSE:TWTR) to announce sales of $756.74 million for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Twitter’s earnings, with the highest sales estimate coming in at $779.50 million and the lowest estimate coming in at $700.90 million. Twitter posted sales of $823.72 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 8.1%. The company is expected to announce its next earnings results on Thursday, October 22nd.

According to Zacks, analysts expect that Twitter will report full year sales of $3.27 billion for the current fiscal year, with estimates ranging from $3.14 billion to $3.38 billion. For the next fiscal year, analysts expect that the company will post sales of $4.06 billion, with estimates ranging from $3.81 billion to $4.38 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Twitter.

Twitter (NYSE:TWTR) last announced its quarterly earnings data on Thursday, July 23rd. The social networking company reported ($1.39) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($1.24). Twitter had a negative return on equity of 12.17% and a negative net margin of 32.54%. The business had revenue of $683.40 million for the quarter, compared to the consensus estimate of $708.05 million. During the same quarter in the prior year, the company earned $1.58 earnings per share. Twitter’s quarterly revenue was down 18.8% compared to the same quarter last year.

Several brokerages recently weighed in on TWTR. Argus upped their price objective on Twitter from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Vertical Group raised Twitter to a “positive” rating in a report on Monday, June 15th. Mizuho upped their target price on Twitter from $33.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, September 24th. Deutsche Bank reaffirmed a “neutral” rating and issued a $36.00 target price (up previously from $28.00) on shares of Twitter in a report on Tuesday, July 21st. Finally, SVB Leerink assumed coverage on Twitter in a report on Friday, July 24th. They issued a “hold” rating for the company. Five analysts have rated the stock with a sell rating, twenty-five have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $35.53.

Shares of TWTR stock traded up $0.59 on Tuesday, hitting $44.74. 13,584,430 shares of the company’s stock were exchanged, compared to its average volume of 20,799,553. The company has a debt-to-equity ratio of 0.45, a current ratio of 10.10 and a quick ratio of 10.10. Twitter has a 12 month low of $20.00 and a 12 month high of $46.82. The stock has a market cap of $35.39 billion, a P/E ratio of -32.66 and a beta of 0.87. The company has a 50 day moving average of $40.07 and a 200 day moving average of $33.25.

In other news, insider Michael Montano sold 1,750 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $31.50, for a total value of $55,125.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Ned D. Segal sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 14th. The shares were sold at an average price of $33.56, for a total value of $268,480.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 74,448 shares of company stock worth $2,837,167. Corporate insiders own 2.64% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. M&R Capital Management Inc. increased its position in shares of Twitter by 122.2% during the second quarter. M&R Capital Management Inc. now owns 1,000 shares of the social networking company’s stock valued at $29,000 after acquiring an additional 550 shares during the last quarter. Weaver Consulting Group increased its position in shares of Twitter by 430.1% during the second quarter. Weaver Consulting Group now owns 986 shares of the social networking company’s stock valued at $29,000 after acquiring an additional 800 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of Twitter by 254.3% during the first quarter. Meeder Asset Management Inc. now owns 1,396 shares of the social networking company’s stock valued at $34,000 after acquiring an additional 1,002 shares during the last quarter. Kistler Tiffany Companies LLC purchased a new stake in shares of Twitter during the second quarter valued at approximately $36,000. Finally, Westside Investment Management Inc. increased its position in shares of Twitter by 149.2% during the second quarter. Westside Investment Management Inc. now owns 1,545 shares of the social networking company’s stock valued at $46,000 after acquiring an additional 925 shares during the last quarter. Institutional investors own 71.92% 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.

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