Apptio (APTI) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Apptio (NASDAQ:APTI) issued its quarterly earnings results on Monday. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02, MarketWatch Earnings reports. The company had revenue of $59.22 million for the quarter, compared to the consensus estimate of $58.09 million. Apptio had a negative return on equity of 16.02% and a negative net margin of 11.06%. The firm’s revenue was up 26.0% compared to the same quarter last year. During the same period last year, the business posted $0.01 earnings per share. Apptio updated its Q4 2018 guidance to EPS and its FY 2018 guidance to EPS.

Shares of NASDAQ:APTI opened at $25.59 on Wednesday. The stock has a market capitalization of $1.23 billion, a PE ratio of -39.98 and a beta of 0.13. Apptio has a 52-week low of $20.46 and a 52-week high of $41.36. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.29 and a current ratio of 2.29.

In related news, insider Christopher Pick sold 1,852 shares of the stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $35.31, for a total value of $65,394.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John C. Morrow sold 8,750 shares of the stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $36.84, for a total transaction of $322,350.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 345,619 shares of company stock worth $12,848,840. 24.16% of the stock is currently owned by company insiders.

Several brokerages have recently issued reports on APTI. Nomura lowered their price target on Apptio from $41.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday. Royal Bank of Canada reaffirmed a “buy” rating and issued a $41.00 price target on shares of Apptio in a research report on Tuesday, July 31st. Jefferies Financial Group lowered their price target on Apptio from $47.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday. Bank of America raised their price target on Apptio from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. Finally, Zacks Investment Research raised Apptio from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $35.10.

About Apptio

Apptio, Inc provides cloud-based technology business management (TBM) solutions to enterprises. Its cloud-based platform and SaaS applications enable IT leaders to analyze, optimize, and plan technology investments, as well as to benchmark financial and operational performance against peers. The company's TBM solutions consist of adaptive data management, which aggregates, cleanses, and correlates large amounts of customer data from various sources; and standard IT operating model and taxonomy that offers a standard model for how IT costs are captured, categorized, and allocated to IT and business services.

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Earnings History for Apptio (NASDAQ:APTI)

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