Twitter (NYSE:TWTR) last issued its earnings results on Tuesday, April 23rd. The social networking company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.31. The company had revenue of $787.00 million during the quarter, compared to the consensus estimate of $775.16 million. Twitter had a net margin of 42.20% and a return on equity of 8.37%. Twitter’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 EPS. On average, research analysts expect that Twitter Inc will post 0.67 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of the company. Financial Gravity Companies Inc. bought a new position in Twitter in the fourth quarter worth approximately $27,000. Moody National Bank Trust Division raised its position in shares of Twitter by 92.6% in the first quarter. Moody National Bank Trust Division now owns 994 shares of the social networking company’s stock worth $33,000 after acquiring an additional 478 shares during the period. First Financial Corp IN acquired a new position in shares of Twitter in the first quarter worth about $33,000. Asset Dedication LLC acquired a new position in shares of Twitter during the 1st quarter worth about $33,000. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Twitter during the 1st quarter worth about $33,000. 67.09% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have weighed in on TWTR. Oppenheimer increased their price objective on Twitter from $33.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Jefferies Financial Group raised their price target on Twitter from $33.00 to $41.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. restated a “buy” rating and set a $40.00 price target on shares of Twitter in a research report on Tuesday, April 23rd. Guggenheim restated a “buy” rating and set a $44.00 price target (up previously from $41.00) on shares of Twitter in a research report on Wednesday, April 24th. Finally, Wells Fargo & Co lifted their price objective on Twitter from $33.00 to $40.00 and gave the stock a “market perform” rating in a report on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and sixteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $39.78.
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.
