Equities research analysts expect that Twilio Inc (NYSE:TWLO) will report sales of $130.23 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Twilio’s earnings. The highest sales estimate is $131.55 million and the lowest is $129.35 million. Twilio reported sales of $95.87 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 35.8%. The firm is scheduled to issue its next earnings report on Monday, August 6th.
On average, analysts expect that Twilio will report full year sales of $541.81 million for the current fiscal year, with estimates ranging from $541.00 million to $544.91 million. For the next fiscal year, analysts anticipate that the business will report sales of $660.86 million per share, with estimates ranging from $636.58 million to $680.34 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Twilio.
Get Twilio alerts:Twilio (NYSE:TWLO) last issued its earnings results on Tuesday, May 8th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.03. The firm had revenue of $129.12 million during the quarter, compared to analyst estimates of $115.92 million. Twilio had a negative net margin of 16.61% and a negative return on equity of 21.88%. The business’s revenue was up 47.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.04) earnings per share.
TWLO has been the subject of a number of recent analyst reports. Citigroup boosted their target price on shares of Twilio to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, March 13th. Vetr lowered shares of Twilio from a “buy” rating to a “hold” rating and set a $42.47 price objective for the company. in a research note on Wednesday, April 18th. Monness Crespi & Hardt started coverage on shares of Twilio in a research note on Wednesday, April 11th. They issued a “buy” rating and a $60.00 price objective for the company. Dougherty & Co started coverage on shares of Twilio in a research note on Tuesday, April 10th. They issued a “buy” rating and a $45.00 price objective for the company. Finally, Bank of America started coverage on shares of Twilio in a research note on Thursday, March 1st. They issued a “buy” rating and a $45.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $43.90.
In other Twilio news, General Counsel Karyn Smith sold 938 shares of the business’s stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $39.36, for a total value of $36,919.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO George Hu sold 6,886 shares of the business’s stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $60.10, for a total transaction of $413,848.60. The disclosure for this sale can be found here. Insiders sold 91,972 shares of company stock valued at $4,997,598 over the last quarter. 19.80% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in TWLO. Technology Crossover Management IX Ltd. bought a new position in Twilio in the fourth quarter worth about $47,599,000. Raging Capital Management LLC bought a new position in Twilio in the fourth quarter worth about $22,420,000. Salesforce Com Inc. bought a new position in Twilio in the fourth quarter worth about $20,969,000. Harvest Capital Strategies LLC acquired a new position in shares of Twilio during the first quarter valued at about $17,181,000. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Twilio during the first quarter valued at about $16,992,000. Institutional investors and hedge funds own 62.11% of the company’s stock.
Shares of TWLO traded down $1.71 during trading hours on Friday, reaching $55.25. 8,052,149 shares of the company traded hands, compared to its average volume of 1,936,118. The firm has a market capitalization of $5.46 billion, a P/E ratio of -70.83 and a beta of -0.27. Twilio has a 12-month low of $23.25 and a 12-month high of $62.34.
Twilio Company Profile
Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.
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