Bottomline Technologies, Inc. (EPAY) Releases FY18 Earnings Guidance
Bottomline Technologies, Inc. (NASDAQ:EPAY) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.06 for the period, compared to the Thomson Reuters consensus estimate of $1.06. The company issued revenue guidance of $370-375 million, compared to the consensus revenue estimate of $373.53 million.Bottomline Technologies also updated its Q2 guidance to $0.26 EPS.
A number of research firms recently issued reports on EPAY. Zacks Investment Research downgraded shares of Bottomline Technologies from a hold rating to a strong sell rating in a research note on Wednesday, August 16th. BidaskClub downgraded shares of Bottomline Technologies from a buy rating to a hold rating in a research note on Friday, July 28th. FIX raised shares of Bottomline Technologies from a market perform rating to an outperform rating and set a $33.00 price target on the stock in a research note on Monday, July 17th. Raymond James Financial, Inc. raised shares of Bottomline Technologies from a market perform rating to an outperform rating and set a $33.00 price target on the stock in a research note on Monday, July 17th. Finally, UBS AG raised shares of Bottomline Technologies from a market perform rating to an outperform rating in a research note on Monday, July 17th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $32.00.
Bottomline Technologies (NASDAQ:EPAY) last issued its quarterly earnings data on Tuesday, October 31st. The technology company reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.05. Bottomline Technologies had a positive return on equity of 4.35% and a negative net margin of 9.48%. The company had revenue of $91.30 million during the quarter, compared to analysts’ expectations of $89.70 million. During the same quarter in the previous year, the business earned $0.22 earnings per share. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis.
In related news, insider John Francis Kelly sold 3,977 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $29.54, for a total transaction of $117,480.58. Following the transaction, the insider now owns 40,175 shares of the company’s stock, valued at $1,186,769.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Norman J. Deluca sold 1,584 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $33.06, for a total value of $52,367.04. Following the transaction, the insider now directly owns 99,633 shares in the company, valued at approximately $3,293,866.98. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by 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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