$91.93 Million in Sales Expected for Twilio Inc. (TWLO) This Quarter
Analysts expect Twilio Inc. (NYSE:TWLO) to announce $91.93 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Twilio’s earnings. The lowest sales estimate is $91.41 million and the highest is $92.09 million. Twilio posted sales of $71.53 million in the same quarter last year, which would indicate a positive year over year growth rate of 28.5%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, November 8th.
On average, analysts expect that Twilio will report full-year sales of $91.93 million for the current financial year, with estimates ranging from $372.37 million to $373.48 million. For the next fiscal year, analysts anticipate that the business will report sales of $458.59 million per share, with estimates ranging from $452.80 million to $465.58 million. Zacks’ sales averages are an average based on a survey of research firms that cover Twilio.
Twilio (NYSE:TWLO) last announced its quarterly earnings data on Monday, August 7th. The technology company reported ($0.20) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.20). Twilio had a negative return on equity of 15.40% and a negative net margin of 13.42%. The firm had revenue of $95.90 million for the quarter, compared to the consensus estimate of $86.28 million. During the same quarter last year, the business posted ($0.08) earnings per share. The firm’s revenue was up 48.7% compared to the same quarter last year.
TWLO has been the topic of several analyst reports. Zacks Investment Research upgraded Twilio from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Vetr upgraded Twilio from a “buy” rating to a “strong-buy” rating and set a $32.00 price objective on the stock in a report on Thursday, July 6th. Robert W. Baird initiated coverage on Twilio in a report on Monday, July 10th. They set an “outperform” rating and a $35.00 price objective on the stock. Summit Redstone restated a “buy” rating and set a $36.00 price objective on shares of Twilio in a report on Monday, July 17th. Finally, Mitsubishi UFJ Financial Group upgraded Twilio from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $23.00 to $35.00 in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $36.91.
In other Twilio news, CFO Lee Kirkpatrick sold 13,829 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $30.85, for a total value of $426,624.65. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Karyn Smith sold 5,213 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $29.21, for a total value of $152,271.73. The disclosure for this sale can be found here. Insiders sold 52,847 shares of company stock worth $1,645,621 over the last three months.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Thompson Davis & CO. Inc. increased its position in shares of Twilio by 0.7% during the second quarter. Thompson Davis & CO. Inc. now owns 4,750 shares of the technology company’s stock worth $138,000 after acquiring an additional 34 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Twilio by 12.1% during the second quarter. Pacer Advisors Inc. now owns 5,135 shares of the technology company’s stock worth $149,000 after acquiring an additional 555 shares during the last quarter. IFP Advisors Inc increased its position in shares of Twilio by 10.0% during the second quarter. IFP Advisors Inc now owns 5,175 shares of the technology company’s stock worth $151,000 after acquiring an additional 469 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Twilio during the second quarter worth about $159,000. Finally, US Bancorp DE increased its position in shares of Twilio by 199.1% during the second quarter. US Bancorp DE now owns 5,826 shares of the technology company’s stock worth $170,000 after acquiring an additional 3,878 shares during the last quarter. 57.39% of the stock is currently owned by institutional investors and hedge funds.
Twilio Company Profile
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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