Wall Street analysts forecast that Twitter Inc (NYSE:TWTR) will post $876.26 million in sales for the current quarter, according to Zacks. Eleven analysts have provided estimates for Twitter’s earnings, with the lowest sales estimate coming in at $864.30 million and the highest estimate coming in at $885.30 million. Twitter reported sales of $758.11 million in the same quarter last year, which would suggest a positive year over year growth rate of 15.6%. The business is expected to report its next earnings report on Thursday, October 24th.

According to Zacks, analysts expect that Twitter will report full-year sales of $3.56 billion for the current financial year, with estimates ranging from $3.54 billion to $3.58 billion. For the next financial year, analysts expect that the business will post sales of $4.14 billion, with estimates ranging from $4.01 billion to $4.37 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Twitter.

Twitter (NYSE:TWTR) last released its quarterly earnings data on Friday, July 26th. The social networking company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Twitter had a return on equity of 7.93% and a net margin of 71.46%. The company had revenue of $841.40 million for the quarter, compared to analyst estimates of $828.07 million. During the same period in the previous year, the company posted $0.17 EPS. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year.

Several research firms recently commented on TWTR. Robert W. Baird boosted their target price on Twitter from $33.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Canaccord Genuity restated a “hold” rating and set a $42.00 target price (up from $32.00) on shares of Twitter in a research report on Wednesday, April 24th. They noted that the move was a valuation call. Mizuho set a $35.00 target price on Twitter and gave the stock a “sell” rating in a research report on Friday, July 26th. China Renaissance Securities began coverage on Twitter in a research report on Wednesday, May 29th. They set a “sell” rating and a $28.00 target price for the company. Finally, Cfra upgraded Twitter to a “hold” rating and set a $41.00 target price for the company in a research report on Wednesday, July 31st. Four equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $40.91.

In other Twitter news, insider Robert Kaiden sold 9,441 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $43.04, for a total transaction of $406,340.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ned D. Segal sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $40.65, for a total value of $243,900.00. The disclosure for this sale can be found here. Insiders have sold a total of 147,282 shares of company stock valued at $5,744,367 in the last ninety days. 2.65% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in TWTR. Resources Investment Advisors LLC. bought a new position in shares of Twitter in the 2nd quarter worth approximately $30,000. First Financial Corp IN bought a new position in shares of Twitter in the 1st quarter worth approximately $33,000. Moody National Bank Trust Division raised its position in shares of Twitter by 92.6% in the 1st 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 in the last quarter. Asset Dedication LLC bought a new position in shares of Twitter in the 1st quarter worth approximately $33,000. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Twitter in the 1st quarter worth approximately $33,000. 66.81% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:TWTR traded down $0.56 during midday trading on Thursday, reaching $40.09. 12,488,009 shares of the company traded hands, compared to its average volume of 16,201,072. The company has a quick ratio of 4.33, a current ratio of 4.33 and a debt-to-equity ratio of 0.29. Twitter has a 12 month low of $26.19 and a 12 month high of $43.48. The firm has a market capitalization of $31.28 billion, a price-to-earnings ratio of 72.89, a price-to-earnings-growth ratio of 0.83 and a beta of 0.62. The firm’s fifty day moving average price is $38.84 and its two-hundred day moving average price is $35.70.

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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Earnings History and Estimates for Twitter (NYSE:TWTR)

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