Wall Street analysts expect that Twilio Inc. (NYSE:TWLO) will report sales of $91.93 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Twilio’s earnings. The highest sales estimate is $92.09 million and the lowest is $91.41 million. Twilio posted sales of $71.53 million during the same quarter last year, which would indicate a positive year over year growth rate of 28.5%. The firm is expected to issue its next earnings results after the market closes on Wednesday, November 8th.
On average, analysts expect that Twilio will report full year sales of $91.93 million for the current fiscal year, with estimates ranging from $372.37 million to $373.48 million. For the next fiscal year, analysts expect that the business will report sales of $458.59 million per share, with estimates ranging from $452.80 million to $465.58 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Twilio.
Twilio (NYSE:TWLO) last issued its earnings results on Monday, August 7th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.20). Twilio had a negative net margin of 13.42% and a negative return on equity of 15.40%. The firm had revenue of $95.90 million for the quarter, compared to analysts’ expectations of $86.28 million. During the same quarter last year, the company posted ($0.08) earnings per share. Twilio’s revenue was up 48.7% on a year-over-year basis.
A number of brokerages have recently issued reports on TWLO. JMP Securities restated an “outperform” rating and issued a $38.00 price objective on shares of Twilio in a report on Thursday, September 28th. Robert W. Baird increased their price objective on shares of Twilio from $35.00 to $39.00 and gave the company an “outperform” rating in a report on Tuesday, August 8th. KeyCorp restated a “hold” rating on shares of Twilio in a report on Wednesday, September 27th. Argus restated a “hold” rating on shares of Twilio in a report on Friday, August 18th. Finally, Zacks Investment Research lowered shares of Twilio from a “buy” rating to a “hold” rating in a report on Friday, August 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $37.68.
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In related news, Director Richard L. Dalzell sold 2,500 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $31.18, for a total value of $77,950.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Karyn Smith sold 5,381 shares of the firm’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $31.40, for a total transaction of $168,963.40. The disclosure for this sale can be found here. Insiders have sold 42,136 shares of company stock valued at $1,300,312 in the last three months.
A number of institutional investors have recently added to or reduced their stakes in TWLO. Perigon Wealth Management LLC lifted its stake in Twilio by 4.7% in the first quarter. Perigon Wealth Management LLC now owns 15,325 shares of the technology company’s stock valued at $442,000 after acquiring an additional 693 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in Twilio in the first quarter valued at $2,178,000. Nepsis Capital Management Inc. lifted its stake in Twilio by 16.2% in the second quarter. Nepsis Capital Management Inc. now owns 221,210 shares of the technology company’s stock valued at $6,439,000 after acquiring an additional 30,899 shares during the last quarter. US Bancorp DE lifted its stake in Twilio by 199.1% in the second quarter. US Bancorp DE now owns 5,826 shares of the technology company’s stock valued at $170,000 after acquiring an additional 3,878 shares during the last quarter. Finally, Pacific Heights Asset Management LLC acquired a new stake in Twilio in the second quarter valued at $7,860,000. 58.11% of the stock is owned by institutional investors and hedge funds.
Twilio (TWLO) traded down 0.63% on Friday, hitting $31.74. 620,398 shares of the company were exchanged. Twilio has a one year low of $22.80 and a one year high of $49.59. The firm’s market cap is $2.92 billion. The stock has a 50 day moving average price of $30.93 and a 200 day moving average price of $30.93.
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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