Twitter Inc (NYSE:TWTR) Expected to Post Quarterly Sales of $997.35 Million

Analysts expect Twitter Inc (NYSE:TWTR) to post sales of $997.35 million for the current quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Twitter’s earnings. The lowest sales estimate is $975.50 million and the highest is $1.01 billion. Twitter reported sales of $908.84 million during the same quarter last year, which would suggest a positive year over year growth rate of 9.7%. The business is scheduled to issue its next earnings report on Thursday, February 6th.

According to Zacks, analysts expect that Twitter will report full year sales of $3.46 billion for the current year, with estimates ranging from $3.43 billion to $3.56 billion. For the next year, analysts anticipate that the business will report sales of $3.97 billion, with estimates ranging from $3.82 billion to $4.11 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Twitter.

Twitter (NYSE:TWTR) last released its earnings results on Thursday, October 24th. The social networking company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.07. The company had revenue of $824.00 million during the quarter, compared to analyst estimates of $875.21 million. Twitter had a net margin of 47.67% and a return on equity of 6.07%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 EPS.

Several equities research analysts recently issued reports on the stock. Cowen set a $41.00 target price on shares of Twitter and gave the stock a “hold” rating in a report on Monday, October 21st. Aegis lowered shares of Twitter from a “buy” rating to a “hold” rating and reduced their target price for the stock from $48.00 to $33.00 in a report on Thursday, October 24th. Zacks Investment Research lowered shares of Twitter from a “buy” rating to a “hold” rating and set a $43.00 target price for the company. in a report on Monday, September 30th. ValuEngine lowered shares of Twitter from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, SunTrust Banks reduced their target price on shares of Twitter from $41.00 to $36.00 and set a “hold” rating for the company in a report on Thursday, October 24th. Five investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $36.61.

Twitter stock traded up $0.16 during midday trading on Thursday, hitting $29.21. The stock had a trading volume of 10,499,561 shares, compared to its average volume of 15,762,041. The firm’s fifty day moving average is $37.15 and its two-hundred day moving average is $38.58. The company has a market capitalization of $23.14 billion, a PE ratio of 53.11, a P/E/G ratio of 0.52 and a beta of 0.58. Twitter has a 52-week low of $26.26 and a 52-week high of $45.85. The company has a current ratio of 8.69, a quick ratio of 8.69 and a debt-to-equity ratio of 0.28.

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In other news, insider Michael Montano sold 1,250 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $41.70, for a total transaction of $52,125.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Robert Kaiden sold 10,183 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $30.19, for a total value of $307,424.77. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 97,450 shares of company stock valued at $3,584,723. Insiders own 2.65% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of TWTR. Nuveen Asset Management LLC boosted its position in shares of Twitter by 17,011.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 10,494,744 shares of the social networking company’s stock valued at $366,266,000 after acquiring an additional 10,433,413 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Twitter by 331.4% during the 2nd quarter. Renaissance Technologies LLC now owns 7,337,600 shares of the social networking company’s stock valued at $256,082,000 after acquiring an additional 5,636,902 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Twitter by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 78,372,606 shares of the social networking company’s stock valued at $2,735,204,000 after acquiring an additional 1,510,879 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Twitter by 23.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,919,539 shares of the social networking company’s stock valued at $206,592,000 after acquiring an additional 1,110,127 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. boosted its position in shares of Twitter by 44.0% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 3,168,974 shares of the social networking company’s stock valued at $110,597,000 after acquiring an additional 968,905 shares during the last quarter. Hedge funds and other institutional investors own 69.23% of the company’s stock.

About Twitter

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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Earnings History and Estimates for Twitter (NYSE:TWTR)

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