Wall Street brokerages expect Twilio Inc. (NYSE:TWLO) to report sales of $86.23 million for the current quarter, according to Zacks. Six analysts have provided estimates for Twilio’s earnings, with the highest sales estimate coming in at $86.52 million and the lowest estimate coming in at $85.60 million. Twilio reported sales of $64.51 million in the same quarter last year, which indicates a positive year over year growth rate of 33.7%. The company is expected to report its next earnings results after the market closes on Monday, August 7th.
According to Zacks, analysts expect that Twilio will report full-year sales of $86.23 million for the current fiscal year, with estimates ranging from $358.38 million to $359.80 million. For the next year, analysts expect that the firm will post sales of $443.93 million per share, with estimates ranging from $434.06 million to $450.20 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Twilio.
Twilio (NYSE:TWLO) last issued its earnings results on Tuesday, May 2nd. The technology company reported ($0.14) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.14). The business had revenue of $87.37 million for the quarter, compared to analysts’ expectations of $83.57 million. Twilio had a negative return on equity of 14.26% and a negative net margin of 16.07%.
Several analysts have commented on the stock. Vetr upgraded shares of Twilio from a “buy” rating to a “strong-buy” rating and set a $34.50 target price for the company in a research report on Wednesday, July 12th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $38.00 target price (down previously from $50.00) on shares of Twilio in a research report on Thursday, May 4th. Northland Securities reiterated an “outperform” rating and set a $30.00 target price on shares of Twilio in a research report on Sunday, May 28th. JMP Securities reiterated an “outperform” rating and set a $35.00 target price (up previously from $33.00) on shares of Twilio in a research report on Tuesday, June 20th. Finally, William Blair reiterated an “outperform” rating on shares of Twilio in a research report on Wednesday, May 3rd. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Twilio presently has a consensus rating of “Buy” and a consensus price target of $35.97.
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In other Twilio news, General Counsel Karyn Smith sold 5,381 shares of the stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $31.40, for a total transaction of $168,963.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeff Lawson bought 100,000 shares of the stock in a transaction on Wednesday, May 10th. The shares were purchased at an average price of $23.43 per share, with a total value of $2,343,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 45,870 shares of company stock valued at $1,296,550.
Institutional investors have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System purchased a new position in Twilio during the second quarter worth about $1,221,000. Marshall Wace North America L.P. purchased a new position in Twilio during the second quarter worth about $1,592,000. Blair William & Co. IL boosted its position in Twilio by 9.1% in the second quarter. Blair William & Co. IL now owns 97,214 shares of the technology company’s stock worth $2,830,000 after buying an additional 8,127 shares during the period. Frontier Capital Management Co. LLC purchased a new position in Twilio during the second quarter worth about $16,213,000. Finally, Aspiriant LLC purchased a new position in Twilio during the second quarter worth about $2,147,000. Hedge funds and other institutional investors own 72.77% of the company’s stock.
Shares of Twilio (NYSE:TWLO) traded up 1.25% during trading on Tuesday, hitting $29.21. The company had a trading volume of 1,123,871 shares. The firm has a 50 day moving average of $29.13 and a 200 day moving average of $29.02. The stock’s market cap is $2.64 billion. Twilio has a 12-month low of $22.80 and a 12-month high of $70.96.
Twilio Company Profile
Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).
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