Zacks: Analysts Expect Bottomline Technologies, Inc. (EPAY) to Announce $0.25 EPS

Analysts expect that Bottomline Technologies, Inc. (NASDAQ:EPAY) will report earnings per share (EPS) of $0.25 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Bottomline Technologies’ earnings. Bottomline Technologies posted earnings of $0.23 per share in the same quarter last year, which would suggest a positive year over year growth rate of 8.7%. The firm is expected to issue its next quarterly earnings results on Thursday, April 26th.

According to Zacks, analysts expect that Bottomline Technologies will report full-year earnings of $1.15 per share for the current fiscal year, with EPS estimates ranging from $1.15 to $1.16. For the next financial year, analysts expect that the company will post earnings of $1.35 per share, with EPS estimates ranging from $1.30 to $1.38. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Bottomline Technologies.

How to Become a New Pot Stock Millionaire

Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings data on Thursday, February 1st. The technology company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. The company had revenue of $95.20 million for the quarter, compared to analyst estimates of $92.51 million. Bottomline Technologies had a positive return on equity of 7.20% and a negative net margin of 3.67%. The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.26 earnings per share.



A number of research firms have recently weighed in on EPAY. Barrington Research restated a “buy” rating on shares of Bottomline Technologies in a research report on Tuesday, April 3rd. Citigroup began coverage on Bottomline Technologies in a research report on Wednesday, March 28th. They set a “buy” rating and a $46.00 target price for the company. Zacks Investment Research downgraded Bottomline Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. BidaskClub upgraded Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 23rd. Finally, Needham & Company LLC boosted their target price on Bottomline Technologies to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $38.33.

Bottomline Technologies stock remained flat at $$40.26 on Thursday. The company’s stock had a trading volume of 163,694 shares, compared to its average volume of 326,400. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $1,650.41, a price-to-earnings ratio of 115.03 and a beta of 0.98. Bottomline Technologies has a one year low of $21.52 and a one year high of $40.97.

In other news, insider Nigel K. Savory sold 11,125 shares of the business’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $39.14, for a total transaction of $435,432.50. Following the completion of the sale, the insider now owns 127,441 shares in the company, valued at $4,988,040.74. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Richard Douglas Booth sold 5,660 shares of the business’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $38.67, for a total value of $218,872.20. Following the sale, the chief financial officer now owns 97,243 shares of the company’s stock, valued at approximately $3,760,386.81. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,863 shares of company stock valued at $1,066,720. 2.40% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB bought a new stake in Bottomline Technologies in the fourth quarter valued at about $205,000. We Are One Seven LLC bought a new stake in Bottomline Technologies in the fourth quarter valued at about $377,000. MetLife Investment Advisors LLC bought a new stake in Bottomline Technologies in the fourth quarter valued at about $665,000. Gotham Asset Management LLC bought a new stake in Bottomline Technologies in the fourth quarter valued at about $660,000. Finally, Millennium Management LLC increased its holdings in Bottomline Technologies by 169.0% in the fourth quarter. Millennium Management LLC now owns 894,947 shares of the technology company’s stock valued at $31,037,000 after purchasing an additional 562,273 shares during the last quarter. Institutional investors and hedge funds own 92.98% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Zacks: Analysts Expect Bottomline Technologies, Inc. (EPAY) to Announce $0.25 EPS” was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://stocknewstimes.com/2018/04/19/zacks-analysts-expect-bottomline-technologies-inc-epay-to-announce-0-25-eps.html.

Bottomline Technologies Company Profile

Bottomline Technologies (de), Inc provides software as a service based solutions. It operates through four segments: Cloud Solutions, Digital Banking, Payments and Transactional Documents, and Other. The company's products and services include Paymode-X, a cloud-based payment network that offers electronic payments and remittance delivery, online access to payment detail and reports, online payment approvals, electronic invoice delivery, and turnkey vendor enrollment and support; and digital banking solutions that provide payments, cash management, and online banking solutions to financial institutions.

Get a free copy of the Zacks research report on Bottomline Technologies (EPAY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Bottomline Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bottomline Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply