Twin Disc Incorporated (TWIN) is Downgraded by Seaport Global Securities to Neutral, Raises Price Target to $ 13

Twin Disc Incorporated (TWIN) was Downgraded by Seaport Global Securities to ” Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 13 from a previous price target of $12 . Earlier the firm had a rating of “Speculative Buy ” on the company shares. Seaport Global Securities advised their investors in a research report released on Apr 27, 2016.

On the company’s financial health, Twin Disc Incorporated reported $-0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $-0.16. The company had revenue of $41.43 million for the quarter, compared to analysts expectations of $45.35 million. The company’s revenue was down -32.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.26 EPS.

Twin Disc Incorporated opened for trading at $12.93 and hit $12.97 on the upside on Friday, eventually ending the session at $12.89, with a gain of 2.06% or 0.26 points. The heightened volatility saw the trading volume jump to 35,795 shares. Company has a market cap of $146 M.

In a different news, on Feb 10, 2016, Michael Doar (director) purchased 2,500 shares at $9.04 per share price.

Twin Disc Incorporated designs manufactures and sells marine and heavy duty off-highway power transmission equipment. The Company operates in two segments: manufacturing and distribution. Its products include marine transmissions surface drives propellers and boat management systems as well as power-shift transmissions hydraulic torque converters power take-offs industrial clutches and controls systems. Its industrial products include clutches power take-offs and pump drives sold to the agriculture recycling construction and oil and gas markets. Its land-based transmission products include applications for oilfield and natural gas military and airport rescue and firefighting. Its marine and propulsion systems include marine transmission controls surface drives propellers and boat management systems for the global commercial pleasure craft and patrol boat markets. Its other products include non-Twin Disc manufactured products sold through its distribution entities.

Twin Disc Incorporated

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