SunTrust Banks Weighs in on Twin River Worldwide Holdings Inc’s FY2019 Earnings (NYSE:TRWH)

Twin River Worldwide Holdings Inc (NYSE:TRWH) – Equities researchers at SunTrust Banks raised their FY2019 earnings estimates for Twin River Worldwide in a research note issued on Tuesday, February 11th. SunTrust Banks analyst B. Jonas now expects that the company will post earnings per share of $1.76 for the year, up from their prior forecast of $1.68. SunTrust Banks currently has a “Hold” rating and a $31.00 price target on the stock. SunTrust Banks also issued estimates for Twin River Worldwide’s Q4 2019 earnings at $0.38 EPS.

Separately, Zacks Investment Research lowered shares of Twin River Worldwide from a “hold” rating to a “sell” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $32.80.

Twin River Worldwide stock opened at $29.73 on Thursday. Twin River Worldwide has a 1-year low of $20.35 and a 1-year high of $33.98. The firm’s fifty day moving average price is $26.38 and its two-hundred day moving average price is $24.32. The company has a quick ratio of 2.91, a current ratio of 2.99 and a debt-to-equity ratio of 2.66.

Twin River Worldwide (NYSE:TRWH) last released its quarterly earnings data on Thursday, November 14th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.10). Twin River Worldwide had a net margin of 12.66% and a return on equity of 22.17%. The business had revenue of $129.31 million during the quarter, compared to the consensus estimate of $128.55 million.

In other news, Director Jeffrey W. Rollins sold 10,000 shares of Twin River Worldwide stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $25.27, for a total value of $252,700.00. Following the completion of the transaction, the director now owns 89,183 shares in the company, valued at $2,253,654.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 35.00% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE boosted its position in shares of Twin River Worldwide by 1.2% in the fourth quarter. Bank of America Corp DE now owns 916,059 shares of the company’s stock valued at $23,496,000 after acquiring an additional 11,191 shares during the period. Vanguard Group Inc. boosted its position in shares of Twin River Worldwide by 1,224.5% in the second quarter. Vanguard Group Inc. now owns 821,178 shares of the company’s stock valued at $24,430,000 after acquiring an additional 759,178 shares during the period. State Street Corp boosted its position in shares of Twin River Worldwide by 2.2% in the fourth quarter. State Street Corp now owns 388,139 shares of the company’s stock valued at $9,956,000 after acquiring an additional 8,452 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Twin River Worldwide by 155.8% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 287,880 shares of the company’s stock valued at $7,384,000 after acquiring an additional 175,320 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Twin River Worldwide by 129.6% in the fourth quarter. Bank of New York Mellon Corp now owns 172,735 shares of the company’s stock valued at $4,430,000 after acquiring an additional 97,489 shares during the period. Hedge funds and other institutional investors own 96.44% of the company’s stock.

Twin River Worldwide Company Profile

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Earnings History and Estimates for Twin River Worldwide (NYSE:TRWH)

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