Analysts expect Twin River Worldwide Holdings Inc (NYSE:TRWH) to post $157.45 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Twin River Worldwide’s earnings. The highest sales estimate is $167.50 million and the lowest is $147.40 million. The firm is expected to issue its next earnings results on Tuesday, August 13th.
On average, analysts expect that Twin River Worldwide will report full year sales of $575.30 million for the current financial year, with estimates ranging from $539.80 million to $610.80 million. For the next financial year, analysts forecast that the company will report sales of $611.25 million, with estimates ranging from $566.10 million to $656.40 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Twin River Worldwide.
Twin River Worldwide (NYSE:TRWH) last released its earnings results on Tuesday, May 14th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. The firm had revenue of $120.63 million for the quarter, compared to analyst estimates of $119.10 million.
A number of research firms have weighed in on TRWH. SunTrust Banks downgraded shares of Wageworks from a “buy” rating to a “hold” rating in a research report on Friday, June 28th. Union Gaming Research began coverage on shares of Twin River Worldwide in a research report on Thursday, June 20th. They set a “buy” rating and a $38.00 target price for the company. Zacks Investment Research downgraded shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th. Finally, Stifel Nicolaus downgraded shares of Owens Corning from a “buy” rating to a “hold” rating and set a $52.45 price objective for the company. in a research report on Wednesday, April 24th.
In related news, major shareholder Chatham Asset Management, Llc acquired 8,169 shares of Twin River Worldwide stock in a transaction dated Tuesday, April 16th. The stock was bought at an average price of $33.15 per share, with a total value of $270,802.35. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders have sold 1,830,782 shares of company stock valued at $53,883,657. Insiders own 35.00% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Gabelli Funds LLC acquired a new stake in shares of Twin River Worldwide during the 1st quarter worth approximately $336,000. Gamco Investors INC. ET AL bought a new position in shares of Twin River Worldwide in the 1st quarter worth $500,000. Teton Advisors Inc. bought a new position in shares of Twin River Worldwide in the 1st quarter worth $1,779,000. Kennedy Capital Management Inc. bought a new position in shares of Twin River Worldwide in the 1st quarter worth $3,815,000. Finally, Apollo Management Holdings L.P. bought a new position in shares of Twin River Worldwide in the 1st quarter worth $55,687,000. 62.73% of the stock is owned by institutional investors.
NYSE:TRWH traded up $0.95 on Friday, reaching $28.32. 3,438 shares of the stock traded hands, compared to its average volume of 527,309. The firm has a 50 day moving average of $30.13. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.88 and a current ratio of 0.93. Twin River Worldwide has a 1-year low of $27.21 and a 1-year high of $33.98.
The business also recently disclosed a special dividend, which will be paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, July 8th.
About Twin River Worldwide
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