$157.45 Million in Sales Expected for Twin River Worldwide Holdings Inc (NYSE:TRWH) This Quarter

Wall Street brokerages predict that Twin River Worldwide Holdings Inc (NYSE:TRWH) will post $157.45 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Twin River Worldwide’s earnings. The lowest sales estimate is $147.40 million and the highest is $167.50 million. The firm is scheduled to announce its next quarterly earnings results before the market opens on Monday, August 12th.

According to Zacks, analysts expect that Twin River Worldwide will report full-year sales of $575.30 million for the current year, with estimates ranging from $539.80 million to $610.80 million. For the next year, analysts forecast that the company will post sales of $611.55 million, with estimates ranging from $566.70 million to $656.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research 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 (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.06. The firm had revenue of $120.63 million during the quarter, compared to analyst estimates of $119.10 million.

TRWH has been the subject of a number of analyst reports. Stifel Nicolaus initiated coverage on Twin River Worldwide in a research report on Wednesday, April 24th. They set a “buy” rating and a $43.00 price objective for the company. Zacks Investment Research raised shares of Twin River Worldwide from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 18th. Union Gaming Research started coverage on shares of Twin River Worldwide in a research note on Thursday, June 20th. They issued a “buy” rating and a $38.00 price objective on the stock. Finally, SunTrust Banks started coverage on shares of Twin River Worldwide in a research note on Friday, June 28th. They issued a “hold” rating and a $32.00 price objective on the stock.

Twin River Worldwide stock traded down $0.88 during trading on Tuesday, reaching $25.32. The company had a trading volume of 284,041 shares, compared to its average volume of 488,410. The company has a 50-day moving average of $28.89. Twin River Worldwide has a 1-year low of $25.19 and a 1-year high of $33.98. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.88 and a current ratio of 0.93.

The firm also recently disclosed a special dividend, which was paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th were paid a $0.10 dividend. The ex-dividend date was Monday, July 8th.

In other Twin River Worldwide news, major shareholder Chatham Asset Management, Llc sold 213,917 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $29.30, for a total value of $6,267,768.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders sold 1,830,782 shares of company stock worth $53,883,657. 35.00% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of TRWH. Gabelli Funds LLC raised its stake in shares of Twin River Worldwide by 15.7% in the second quarter. Gabelli Funds LLC now owns 13,000 shares of the company’s stock valued at $387,000 after acquiring an additional 1,766 shares during the period. FNY Investment Advisers LLC grew its position in Twin River Worldwide by 507.1% during the second quarter. FNY Investment Advisers LLC now owns 4,250 shares of the company’s stock valued at $126,000 after buying an additional 3,550 shares during the period. Strs Ohio bought a new stake in Twin River Worldwide during the second quarter valued at approximately $166,000. SG Americas Securities LLC bought a new stake in Twin River Worldwide during the second quarter valued at approximately $328,000. Finally, Gamco Investors INC. ET AL grew its position in Twin River Worldwide by 95.5% during the second quarter. Gamco Investors INC. ET AL now owns 32,613 shares of the company’s stock valued at $970,000 after buying an additional 15,931 shares during the period. Hedge funds and other institutional investors own 62.74% of the company’s stock.

Twin River Worldwide Company Profile

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

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