Brokerages predict that Twilio Inc (NYSE:TWLO) will report earnings per share (EPS) of ($0.06) for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Twilio’s earnings. The lowest EPS estimate is ($0.07) and the highest is ($0.05). Twilio posted earnings of ($0.05) per share during the same quarter last year, which indicates a negative year-over-year growth rate of 20%. The company is expected to issue its next quarterly earnings results on Monday, August 6th.
On average, analysts expect that Twilio will report full-year earnings of ($0.09) per share for the current year, with EPS estimates ranging from ($0.11) to ($0.07). For the next year, analysts anticipate that the business will report earnings of $0.07 per share, with EPS estimates ranging from $0.00 to $0.14. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Twilio.
Twilio (NYSE:TWLO) last posted its quarterly earnings results on Tuesday, May 8th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.03. Twilio had a negative return on equity of 21.88% and a negative net margin of 16.61%. The firm had revenue of $129.12 million during the quarter, compared to analyst estimates of $115.92 million. During the same quarter in the previous year, the firm earned ($0.04) EPS. Twilio’s quarterly revenue was up 47.8% compared to the same quarter last year.
In other Twilio news, CFO Lee Kirkpatrick sold 12,000 shares of the business’s stock in a transaction dated Tuesday, April 17th. The stock was sold at an average price of $40.83, for a total transaction of $489,960.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,167 shares of company stock valued at $2,431,728. Corporate insiders own 19.80% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in shares of Twilio by 7.8% during the 1st quarter. BlackRock Inc. now owns 4,408,663 shares of the technology company’s stock valued at $168,323,000 after acquiring an additional 317,128 shares during the period. Technology Crossover Management IX Ltd. bought a new position in Twilio in the 4th quarter worth approximately $47,599,000. Allianz Asset Management GmbH boosted its stake in Twilio by 20.7% in the 1st quarter. Allianz Asset Management GmbH now owns 1,808,340 shares of the technology company’s stock worth $69,042,000 after purchasing an additional 310,270 shares during the period. Franklin Resources Inc. boosted its stake in Twilio by 27.2% in the 4th quarter. Franklin Resources Inc. now owns 1,650,883 shares of the technology company’s stock worth $38,961,000 after purchasing an additional 352,970 shares during the period. Finally, Raging Capital Management LLC bought a new position in Twilio in the 4th quarter worth approximately $22,420,000. Institutional investors own 62.16% of the company’s stock.
Twilio traded down $0.56, reaching $59.00, during mid-day trading on Thursday, Marketbeat.com reports. The company’s stock had a trading volume of 2,273,399 shares, compared to its average volume of 2,199,933. Twilio has a 12-month low of $23.25 and a 12-month high of $60.35. The firm has a market cap of $5.57 billion, a price-to-earnings ratio of -75.64 and a beta of -0.27.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Twilio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twilio and related companies with MarketBeat.com's FREE daily email newsletter.