Apptio Inc. (APTI) Expected to Announce Earnings of -$0.10 Per Share
Equities analysts expect Apptio Inc. (NASDAQ:APTI) to announce ($0.10) earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Apptio’s earnings, with the lowest EPS estimate coming in at ($0.11) and the highest estimate coming in at ($0.09). Apptio reported earnings of ($0.45) per share during the same quarter last year, which would indicate a positive year over year growth rate of 77.8%. The firm is expected to announce its next quarterly earnings results after the market closes on Monday, October 30th.
On average, analysts expect that Apptio will report full year earnings of ($0.38) per share for the current financial year, with EPS estimates ranging from ($0.40) to ($0.34). For the next year, analysts expect that the company will report earnings of ($0.05) per share, with EPS estimates ranging from ($0.13) to $0.02. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Apptio.
Apptio (NASDAQ:APTI) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported ($0.08) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.04. The firm had revenue of $45.23 million during the quarter, compared to the consensus estimate of $43.72 million. Apptio had a negative return on equity of 41.76% and a negative net margin of 17.36%. The firm’s quarterly revenue was up 16.6% on a year-over-year basis.
A number of analysts recently commented on APTI shares. Zacks Investment Research raised Apptio from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Tuesday, August 8th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $21.00 price target on shares of Apptio in a research report on Tuesday. KeyCorp reaffirmed a “buy” rating and set a $22.00 price target on shares of Apptio in a research report on Friday, October 6th. Finally, Oppenheimer Holdings, Inc. started coverage on Apptio in a research report on Thursday, July 27th. They set an “outperform” rating and a $25.00 price target for the company. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $22.90.
Apptio (NASDAQ:APTI) traded down 1.29% on Friday, reaching $18.33. The company’s stock had a trading volume of 38,062 shares. Apptio has a 52-week low of $10.77 and a 52-week high of $21.19. The company’s market cap is $732.38 million. The firm’s 50-day moving average price is $18.05 and its 200 day moving average price is $18.05.
Institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its holdings in shares of Apptio by 322.6% in the first quarter. Wells Fargo & Company MN now owns 11,004 shares of the technology company’s stock worth $129,000 after acquiring an additional 8,400 shares during the period. Nationwide Fund Advisors boosted its holdings in shares of Apptio by 244.9% in the second quarter. Nationwide Fund Advisors now owns 10,199 shares of the technology company’s stock worth $177,000 after acquiring an additional 7,242 shares during the period. HighTower Advisors LLC boosted its holdings in shares of Apptio by 1.7% in the first quarter. HighTower Advisors LLC now owns 15,252 shares of the technology company’s stock worth $179,000 after acquiring an additional 252 shares during the period. IHT Wealth Management LLC bought a new position in shares of Apptio in the first quarter worth $193,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Apptio in the second quarter worth $207,000. 45.25% of the stock is owned by hedge funds and other institutional investors.
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Apptio Company Profile
Apptio, Inc is a provider of technology business management (TBM) solutions. The Company’s cloud-based platform and software as a service (SaaS) applications enable information technology (IT) leaders to analyze, optimize and plan technology investments, and benchmark the financial and operational performance against peers.
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