Bottomline Technologies (EPAY) Expected to Announce Earnings of $0.14 Per Share
Wall Street analysts expect Bottomline Technologies (NASDAQ:EPAY) to post earnings per share (EPS) of $0.14 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Bottomline Technologies’ earnings. Bottomline Technologies reported earnings of $0.18 per share in the same quarter last year, which would indicate a negative year over year growth rate of 22.2%. The business is scheduled to announce its next quarterly earnings report on Thursday, August 24th.
On average, analysts expect that Bottomline Technologies will report full year earnings of $0.34 per share for the current fiscal year. For the next financial year, analysts forecast that the business will post earnings of $0.45 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Bottomline Technologies.
Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings results on Thursday, April 27th. The technology company reported $0.09 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.09. The company had revenue of $86.10 million for the quarter, compared to the consensus estimate of $88.62 million. Bottomline Technologies had a positive return on equity of 6.20% and a negative net margin of 9.01%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.40 EPS.
EPAY has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, March 14th. TheStreet upgraded shares of Bottomline Technologies from a “d+” rating to a “c” rating in a report on Wednesday, February 1st. Finally, Needham & Company LLC boosted their target price on shares of Bottomline Technologies from $28.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $27.80.
Bottomline Technologies (NASDAQ:EPAY) traded down 0.48% on Thursday, hitting $25.08. The stock had a trading volume of 196,889 shares. The company’s 50 day moving average is $23.70 and its 200-day moving average is $24.62. Bottomline Technologies has a 1-year low of $18.48 and a 1-year high of $28.35. The firm’s market capitalization is $956.40 million.
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In other news, Director Peter Gibson bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The shares were acquired at an average price of $24.42 per share, for a total transaction of $48,840.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at $244,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Norman J. Deluca sold 2,750 shares of the business’s stock in a transaction on Monday, March 27th. The shares were sold at an average price of $23.55, for a total transaction of $64,762.50. Following the completion of the transaction, the insider now owns 93,956 shares in the company, valued at approximately $2,212,663.80. The disclosure for this sale can be found here. 3.20% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in EPAY. Envestnet Asset Management Inc. raised its position in shares of Bottomline Technologies by 2.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,408 shares of the technology company’s stock valued at $185,000 after buying an additional 145 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Bottomline Technologies by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 8,410 shares of the technology company’s stock valued at $196,000 after buying an additional 130 shares in the last quarter. LaSalle Street Capital Management LLC bought a new position in shares of Bottomline Technologies during the fourth quarter valued at $204,000. Mason Street Advisors LLC raised its position in shares of Bottomline Technologies by 10.7% in the first quarter. Mason Street Advisors LLC now owns 8,843 shares of the technology company’s stock valued at $209,000 after buying an additional 856 shares in the last quarter. Finally, Atria Investments LLC bought a new position in shares of Bottomline Technologies during the first quarter valued at $219,000. Hedge funds and other institutional investors own 92.53% of the company’s stock.
Bottomline Technologies Company Profile
Bottomline Technologies (de), Inc is engaged in providing a set of cloud-based business payment, digital banking, fraud prevention, payment and financial document solutions. The Company helps businesses pay and get paid. It offers hosted or Software as a Service (SaaS) solutions, as well as software designed to run on-site at the customer’s location.
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