Twitter Reports First Ever Net Profit; Stock Surges

Posted February 09, 2018

Twitter, which has doubled the number of characters allowed per tweet and made other changes to attract users, said the number of daily active users rose 12 percent. Aegis raised Twitter from a "sell" rating to a "buy" rating and set a $30.00 price target on the stock in a report on Tuesday, January 16th.

For many investors, the best hope is that Twitter will be acquired, but the stock's jump could make the company less attractive to potential suitors.

Maximum and minimum EPS estimate for the current quarter is projected at $0.12 and $0.06, respectively, according to 24 analysts. Northern Trust Corp grew its stake in Twitter by 78.3% in the 2nd quarter.

"It's not every day we see this much enthusiasm for a tech company becoming a high flyer by managing not to shrink, but here we are", he said in his note.

The group reached an adjusted EBITDA of US$308mln in the final quarter, well ahead of its own forecasts and analysts' estimates of US$241mln. Stock value has moved between $14.09 - 27.46 in last one year. Toronto Dominion Bank grew its position in shares of Twitter by 21.3% during the second quarter.

Shares of Twitter, Inc. are presently 126.70% off the 52 week low.

For the first quarter of 2018, Twitter said it expected operating earnings in the range of $185m to $205m.

Several analysts recently issued reports on TWTR shares.

The San Francisco-based social media company, led by CEO Jack Dorsey, on Thursday reported a rise in quarterly revenues and flat monthly active usage before the opening bell, but beat expectations on earnings. Finally, Robert W. Baird reaffirmed a "hold" rating and issued a $17.00 price objective on shares of Twitter in a research report on Friday, September 1st. Non-GAAP earnings were 19 cents a share.

Indeed, 2017 was unlike any other year, and Twitter was typically at the forefront of the chaos. Following the completion of the sale, the director now owns 2,441,312 shares of the company's stock, valued at $49,021,544.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The disclosure for this sale can be found here. SELL rating has been given by 0 analyst (s) and 2 analyst (s) given BUY rating to the stock.

Earnings - In terms of earnings per share, TWTR definitely did not disappoint. The company has a current ratio of 10.40, a quick ratio of 10.40 and a debt-to-equity ratio of 0.35.

And one year later, Trump is still Twitter- blasting, and courting a massive audience of almost 50 million followers. (NYSE:TWTR) showed a growth of 66.4 Percent per annum.

The stock's gain followed a better-than-expected fourth-quarter report. Given that TellApart contributed $40 million in revenue in Q4 2016 and $0 in Q4 2017 and that Twitter's off-platform ad revenue declined by $34 million in Q4 2017 compared to Q4 2016, the non-TellApart piece of its off-platform ad business may have actually grown in the quarter.