Twilio Inc. (TWLO) Expected to Post Quarterly Sales of $86.18 Million
Analysts expect Twilio Inc. (NYSE:TWLO) to report $86.18 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Twilio’s earnings, with the lowest sales estimate coming in at $85.60 million and the highest estimate coming in at $86.52 million. Twilio reported sales of $64.51 million during the same quarter last year, which suggests a positive year-over-year growth rate of 33.6%. The company is scheduled to announce its next quarterly earnings report on Monday, August 14th.
On average, analysts expect that Twilio will report full year sales of $86.18 million for the current fiscal year, with estimates ranging from $358.38 million to $359.80 million. For the next fiscal year, analysts anticipate that the company will report sales of $444.33 million per share, with estimates ranging from $434.06 million to $450.20 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Twilio.
Twilio (NYSE:TWLO) last released its earnings results on Tuesday, May 2nd. The technology company reported ($0.14) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.14). Twilio had a negative return on equity of 14.26% and a negative net margin of 16.07%. The firm had revenue of $87.37 million for the quarter, compared to the consensus estimate of $83.57 million.
A number of equities research analysts recently weighed in on TWLO shares. William Blair reissued an “outperform” rating on shares of Twilio in a research report on Friday, March 17th. Summit Redstone reduced their price target on shares of Twilio from $36.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, May 3rd. Drexel Hamilton reissued a “buy” rating and issued a $44.00 price target on shares of Twilio in a research report on Thursday, May 25th. Mitsubishi UFJ Financial Group reissued a “neutral” rating and issued a $23.00 price target (down from $32.50) on shares of Twilio in a research report on Thursday, May 4th. Finally, Vetr cut shares of Twilio from a “strong-buy” rating to a “buy” rating and set a $32.34 price target for the company. in a research report on Monday, June 26th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Twilio currently has an average rating of “Buy” and a consensus price target of $35.53.
Twilio (NYSE TWLO) opened at 28.43 on Friday. Twilio has a 52-week low of $22.80 and a 52-week high of $70.96. The company has a 50 day moving average price of $25.96 and a 200 day moving average price of $28.94. The firm’s market capitalization is $2.57 billion.
In other news, CFO Lee Kirkpatrick sold 10,000 shares of the business’s stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $30.42, for a total transaction of $304,200.00. Following the transaction, the chief financial officer now directly owns 14,535 shares in the company, valued at $442,154.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Karyn Smith sold 5,213 shares of the business’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $28.13, for a total transaction of $146,641.69. The disclosure for this sale can be found here. Insiders sold 36,676 shares of company stock valued at $1,029,914 over the last ninety days.
A hedge fund recently bought a new stake in Twilio stock. Nuveen Asset Management LLC purchased a new position in Twilio Inc. (NYSE:TWLO) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 75,436 shares of the technology company’s stock, valued at approximately $2,178,000. Nuveen Asset Management LLC owned 0.08% of Twilio at the end of the most recent quarter. Hedge funds and other institutional investors own 72.44% of the company’s stock.
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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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