Twin River Worldwide (TRWH) Announces Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Twin River Worldwide (NYSE:TRWH) issued its earnings results on Tuesday. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.06, Fidelity Earnings reports. The company had revenue of $120.63 million for the quarter, compared to analysts’ expectations of $119.10 million.

Shares of TRWH traded up $0.02 on Wednesday, reaching $30.09. The stock had a trading volume of 766 shares, compared to its average volume of 104,710. Twin River Worldwide has a 12-month low of $28.95 and a 12-month high of $33.98.

In related news, major shareholder Chatham Asset Management, Llc acquired 8,169 shares of Twin River Worldwide stock in a transaction that occurred on Tuesday, April 16th. The stock was bought at an average price of $33.15 per share, with a total value of $270,802.35. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Alternative Asset Manage Solus sold 28,683 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $31.04, for a total value of $890,320.32. The disclosure for this sale can be found here. In the last 90 days, insiders bought 191,523 shares of company stock valued at $5,972,681. 35.00% of the stock is currently owned by company insiders.

Separately, Stifel Nicolaus began coverage on Twin River Worldwide in a report on Wednesday, April 24th. They issued a “buy” rating and a $43.00 price objective for the company.

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About Twin River Worldwide

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