Equities analysts predict that Twilio Inc (NYSE:TWLO) will post sales of $130.25 million for the current quarter, according to Zacks. Seven analysts have issued estimates for Twilio’s earnings, with the highest sales estimate coming in at $131.55 million and the lowest estimate coming in at $129.35 million. Twilio posted sales of $95.87 million during the same quarter last year, which would indicate a positive year over year growth rate of 35.9%. The business is scheduled to report its next quarterly earnings results on Monday, August 6th.
On average, analysts expect that Twilio will report full year sales of $541.98 million for the current financial year, with estimates ranging from $541.00 million to $544.91 million. For the next fiscal year, analysts expect that the business will report sales of $662.26 million per share, with estimates ranging from $636.58 million to $680.34 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Twilio.
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Twilio (NYSE:TWLO) last released its quarterly earnings data on Tuesday, May 8th. The technology company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. Twilio had a negative net margin of 16.61% and a negative return on equity of 21.88%. The firm had revenue of $129.12 million for the quarter, compared to analyst estimates of $115.92 million. During the same period last year, the firm earned ($0.04) earnings per share. The business’s quarterly revenue was up 47.8% compared to the same quarter last year.
TWLO has been the topic of a number of recent analyst reports. Vetr raised shares of Twilio from a “sell” rating to a “hold” rating and set a $39.36 price target on the stock in a research report on Monday, March 19th. ValuEngine raised shares of Twilio from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research raised shares of Twilio from a “sell” rating to a “hold” rating in a research report on Friday, April 6th. Monness Crespi & Hardt initiated coverage on shares of Twilio in a research report on Wednesday, April 11th. They set a “buy” rating and a $60.00 price target on the stock. Finally, JMP Securities raised their price target on shares of Twilio from $39.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, May 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eighteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $45.44.
Twilio opened at $56.17 on Wednesday, according to MarketBeat Ratings. Twilio has a fifty-two week low of $23.25 and a fifty-two week high of $62.34. The stock has a market cap of $5.37 billion, a P/E ratio of -72.88 and a beta of -0.27.
In related news, CFO Lee Kirkpatrick sold 15,641 shares of the firm’s stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $59.13, for a total transaction of $924,852.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO George Hu sold 6,886 shares of the firm’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 have sold 91,972 shares of company stock valued at $4,997,598 in the last 90 days. 19.80% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Delpha Capital Management LLC purchased a new position in shares of Twilio in the fourth quarter worth about $101,000. Prudential Financial Inc. purchased a new position in shares of Twilio in the first quarter worth about $228,000. Principal Financial Group Inc. purchased a new position in shares of Twilio in the first quarter worth about $249,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Twilio by 83.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,889 shares of the technology company’s stock worth $263,000 after purchasing an additional 3,124 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new position in shares of Twilio in the first quarter worth about $284,000. Hedge funds and other institutional investors own 62.11% of the company’s stock.
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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