Twin River Worldwide Holdings Inc (NYSE:TRWH) Expected to Announce Earnings of $0.55 Per Share

Equities analysts forecast that Twin River Worldwide Holdings Inc (NYSE:TRWH) will report earnings per share of $0.55 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Twin River Worldwide’s earnings. The company is scheduled to report its next quarterly earnings results on Tuesday, August 13th.

According to Zacks, analysts expect that Twin River Worldwide will report full year earnings of $1.85 per share for the current financial year, with EPS estimates ranging from $1.80 to $1.89. For the next fiscal year, analysts expect that the firm will post earnings of $1.89 per share, with EPS estimates ranging from $1.86 to $1.92. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Twin River Worldwide.

Twin River Worldwide (NYSE:TRWH) last issued its quarterly earnings results on Tuesday, May 14th. The company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.06. The firm had revenue of $120.63 million during the quarter, compared to analysts’ expectations of $119.10 million.

A number of research firms have recently commented on TRWH. Stifel Nicolaus cut Owens Corning from a “buy” rating to a “hold” rating and set a $52.45 target price on the stock. in a research note on Wednesday, April 24th. Union Gaming Research began coverage on Twin River Worldwide in a research note on Thursday, June 20th. They issued a “buy” rating and a $38.00 target price on the stock. SunTrust Banks cut Wageworks from a “buy” rating to a “hold” rating in a research note on Friday, June 28th. Finally, Zacks Investment Research cut Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th.

In other news, major shareholder Chatham Asset Management, Llc sold 529,542 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $27.95, for a total value of $14,800,698.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 1,830,782 shares of company stock worth $53,883,657. Insiders own 35.00% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Gabelli Funds LLC purchased a new stake in shares of Twin River Worldwide during the first quarter valued at $336,000. Gamco Investors INC. ET AL purchased a new stake in shares of Twin River Worldwide during the first quarter valued at $500,000. Teton Advisors Inc. purchased a new stake in shares of Twin River Worldwide during the first quarter valued at $1,779,000. Kennedy Capital Management Inc. purchased a new stake in shares of Twin River Worldwide during the first quarter valued at $3,815,000. Finally, Apollo Management Holdings L.P. purchased a new stake in shares of Twin River Worldwide during the first quarter valued at $55,687,000. 62.73% of the stock is currently owned by institutional investors.

Shares of NYSE TRWH traded up $0.95 during trading on Friday, reaching $28.32. The company had a trading volume of 3,438 shares, compared to its average volume of 527,309. Twin River Worldwide has a 12-month low of $27.21 and a 12-month high of $33.98. The business’s 50-day moving average is $30.13. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 0.87.

The business also recently announced a special dividend, which will be paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, July 8th.

About Twin River Worldwide

There is no company description available for Twin River Worldwide Holdings Inc

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