Bottomline Technologies (NASDAQ:EPAY) Expected to Announce Quarterly Sales of $105.61 Million

Wall Street brokerages predict that Bottomline Technologies (NASDAQ:EPAY) will announce $105.61 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Bottomline Technologies’ earnings, with the lowest sales estimate coming in at $105.24 million and the highest estimate coming in at $105.80 million. Bottomline Technologies posted sales of $102.44 million during the same quarter last year, which suggests a positive year-over-year growth rate of 3.1%. The company is expected to announce its next quarterly earnings results on Thursday, November 14th.

On average, analysts expect that Bottomline Technologies will report full year sales of $446.14 million for the current fiscal year, with estimates ranging from $444.42 million to $448.60 million. For the next financial year, analysts forecast that the business will report sales of $495.43 million, with estimates ranging from $489.58 million to $503.30 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Bottomline Technologies.

Bottomline Technologies (NASDAQ:EPAY) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.19. The business had revenue of $108.24 million during the quarter, compared to analysts’ expectations of $106.17 million. Bottomline Technologies had a return on equity of 6.07% and a net margin of 2.24%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 earnings per share.

Several equities research analysts recently issued reports on EPAY shares. Craig Hallum upgraded Bottomline Technologies from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Friday, August 9th. Barrington Research reiterated a “buy” rating and issued a $57.50 price target on shares of Bottomline Technologies in a research note on Friday, August 9th. Zacks Investment Research upgraded Bottomline Technologies from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. DA Davidson boosted their price target on Bottomline Technologies to $42.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Finally, BidaskClub upgraded shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a research report on Saturday. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $61.21.

Shares of EPAY stock traded up $1.24 during trading on Wednesday, hitting $39.58. The company had a trading volume of 202,694 shares, compared to its average volume of 282,700. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.70 and a current ratio of 1.70. The firm has a market capitalization of $1.74 billion, a P/E ratio of 40.80 and a beta of 0.97. The stock’s 50-day moving average price is $40.58 and its 200 day moving average price is $44.14. Bottomline Technologies has a one year low of $37.04 and a one year high of $67.96.

In other Bottomline Technologies news, Director Jeffrey C. Leathe sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $40.75, for a total transaction of $203,750.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at $203,750. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert A. Eberle sold 13,945 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $40.99, for a total transaction of $571,605.55. Following the transaction, the chief executive officer now owns 497,681 shares of the company’s stock, valued at $20,399,944.19. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,132 shares of company stock valued at $1,855,852. Company insiders own 2.40% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in EPAY. Tortoise Index Solutions LLC acquired a new position in Bottomline Technologies during the first quarter valued at approximately $31,000. Private Capital Group LLC increased its holdings in shares of Bottomline Technologies by 42.8% during the second quarter. Private Capital Group LLC now owns 791 shares of the technology company’s stock worth $39,000 after buying an additional 237 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Bottomline Technologies during the first quarter worth $45,000. Advisor Group Inc. increased its holdings in shares of Bottomline Technologies by 17.4% during the second quarter. Advisor Group Inc. now owns 1,830 shares of the technology company’s stock worth $82,000 after buying an additional 271 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Bottomline Technologies by 648.3% during the second quarter. Tower Research Capital LLC TRC now owns 2,574 shares of the technology company’s stock worth $114,000 after buying an additional 2,230 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Bottomline Technologies Company Profile

Bottomline Technologies (de), Inc provides software as a service based solutions. It operates through four segments: Cloud Solutions, Banking Solutions, Payments and Transactional Documents, and Other. The company's products and services include Paymode-X, a cloud-based payment network, which allows businesses to transition to electronic integrated payables; and cloud-based financial messaging solutions that enable banks and corporations to exchange financial information, such as payment instructions, cash reporting, and other messages to facilitate transaction settlement.

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