Bottomline Technologies, Inc. (EPAY) to Release Quarterly Earnings on Tuesday
Bottomline Technologies, Inc. (NASDAQ:EPAY) is scheduled to be issuing its quarterly earnings data on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.25 per share for the quarter.
Bottomline Technologies (NASDAQ:EPAY) last issued its quarterly earnings data on Thursday, August 10th. The technology company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.12). Bottomline Technologies had a positive return on equity of 4.35% and a negative net margin of 9.48%. The company had revenue of $93.50 million for the quarter, compared to the consensus estimate of $90.95 million. During the same period in the previous year, the firm earned $0.37 earnings per share. The company’s revenue was up 6.1% compared to the same quarter last year. On average, analysts expect Bottomline Technologies to post $0.48 EPS for the current fiscal year and $0.65 EPS for the next fiscal year.
Shares of Bottomline Technologies, Inc. (EPAY) opened at 33.07 on Tuesday. Bottomline Technologies, Inc. has a 52 week low of $21.52 and a 52 week high of $34.44. The company’s market capitalization is $1.24 billion. The firm’s 50-day moving average price is $31.98 and its 200 day moving average price is $27.67.
A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of Bottomline Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. Royal Bank Of Canada reiterated a “hold” rating and issued a $29.00 price objective on shares of Bottomline Technologies in a report on Monday, September 11th. Needham & Company LLC reiterated a “buy” rating and issued a $33.00 price objective (up previously from $31.00) on shares of Bottomline Technologies in a report on Friday, August 11th. BidaskClub downgraded shares of Bottomline Technologies from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, Craig Hallum upgraded shares of Bottomline Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Bottomline Technologies has an average rating of “Buy” and a consensus price target of $32.00.
In related news, insider Norman J. Deluca sold 1,584 shares of Bottomline Technologies stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $33.06, for a total value of $52,367.04. Following the completion of the sale, the insider now owns 99,633 shares in the company, valued at approximately $3,293,866.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Francis Kelly sold 3,977 shares of Bottomline Technologies stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $29.54, for a total transaction of $117,480.58. Following the completion of the sale, the insider now owns 40,175 shares of the company’s stock, valued at approximately $1,186,769.50. The disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.
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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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