$92.50 Million in Sales Expected for Bottomline Technologies, Inc. (EPAY) This Quarter

Wall Street brokerages expect that Bottomline Technologies, Inc. (NASDAQ:EPAY) will announce sales of $92.50 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Bottomline Technologies’ earnings. The lowest sales estimate is $92.31 million and the highest is $92.70 million. Bottomline Technologies posted sales of $86.73 million during the same quarter last year, which suggests a positive year-over-year growth rate of 6.7%. The firm is scheduled to announce its next earnings results on Wednesday, February 7th.

On average, analysts expect that Bottomline Technologies will report full-year sales of $92.50 million for the current financial year, with estimates ranging from $372.79 million to $376.00 million. For the next fiscal year, analysts expect that the company will post sales of $412.84 million per share, with estimates ranging from $409.80 million to $416.81 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Bottomline Technologies.

Bottomline Technologies (NASDAQ:EPAY) last issued its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.05. Bottomline Technologies had a negative net margin of 7.51% and a positive return on equity of 5.84%. The company had revenue of $91.30 million during the quarter, compared to analyst estimates of $89.70 million. During the same period last year, the business earned $0.22 EPS. Bottomline Technologies’s quarterly revenue was up 9.9% compared to the same quarter last year.

EPAY has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Bottomline Technologies from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Wednesday, November 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 price target on shares of Bottomline Technologies in a report on Friday, November 3rd. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $29.00 price target on shares of Bottomline Technologies in a report on Monday, September 11th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $34.00.

Shares of Bottomline Technologies (NASDAQ:EPAY) traded down $0.14 during mid-day trading on Wednesday, reaching $34.54. 266,000 shares of the company traded hands, compared to its average volume of 221,050. Bottomline Technologies has a one year low of $21.52 and a one year high of $36.47. The stock has a market cap of $1,400.00, a P/E ratio of -48.65, a price-to-earnings-growth ratio of 6.02 and a beta of 1.17.

In other Bottomline Technologies news, insider Robert A. Eberle sold 30,907 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $33.45, for a total transaction of $1,033,839.15. Following the sale, the insider now owns 379,100 shares in the company, valued at approximately $12,680,895. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jennifer M. Gray sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $33.05, for a total transaction of $66,100.00. Following the sale, the director now owns 4,000 shares in the company, valued at approximately $132,200. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 88,027 shares of company stock worth $2,954,179. Insiders own 2.40% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Piedmont Investment Advisors LLC bought a new stake in shares of Bottomline Technologies during the second quarter valued at approximately $201,000. Macquarie Group Ltd. bought a new stake in shares of Bottomline Technologies during the third quarter valued at approximately $204,000. LaSalle Street Capital Management LLC bought a new stake in shares of Bottomline Technologies during the second quarter valued at approximately $209,000. Crossmark Global Holdings Inc. bought a new stake in shares of Bottomline Technologies during the third quarter valued at approximately $217,000. Finally, FDx Advisors Inc. bought a new stake in shares of Bottomline Technologies during the third quarter valued at approximately $227,000. Institutional investors own 98.53% of the company’s stock.

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About Bottomline Technologies

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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