Bottomline Technologies (EPAY) Expected to Post Quarterly Sales of $92.41 Million

Equities analysts expect that Bottomline Technologies (NASDAQ:EPAY) will report sales of $92.41 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Bottomline Technologies’ earnings, with estimates ranging from $91.89 million to $93.10 million. Bottomline Technologies posted sales of $86.10 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.3%. The company is expected to announce its next earnings report on Thursday, April 26th.

According to Zacks, analysts expect that Bottomline Technologies will report full-year sales of $92.41 million for the current fiscal year, with estimates ranging from $372.79 million to $376.00 million. For the next year, analysts expect that the business will report 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 a mean average based on a survey of analysts that cover Bottomline Technologies.

Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings data on Thursday, February 1st. The technology company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.05. Bottomline Technologies had a positive return on equity of 7.29% and a negative net margin of 3.67%. The business had revenue of $95.20 million for the quarter, compared to the consensus estimate of $92.51 million. During the same period in the previous year, the business earned $0.26 earnings per share. The business’s revenue was up 9.8% on a year-over-year basis.

Several equities analysts have recently commented on EPAY shares. Zacks Investment Research upgraded 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 restated a “buy” rating and issued a $38.00 price objective on shares of Bottomline Technologies in a research report on Friday, November 3rd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Bottomline Technologies has an average rating of “Buy” and a consensus target price of $35.40.

In related news, Director Ken D’amato sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $34.51, for a total value of $69,020.00. Following the sale, the director now directly owns 18,000 shares in the company, valued at $621,180. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Norman J. Deluca sold 9,708 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $33.58, for a total value of $325,994.64. Following the completion of the sale, the insider now owns 89,925 shares in the company, valued at $3,019,681.50. The disclosure for this sale can be found here. Insiders sold 86,443 shares of company stock worth $2,901,812 over the last quarter. 2.40% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. Piedmont Investment Advisors LLC purchased a new stake in shares of Bottomline Technologies in the second quarter worth about $201,000. Macquarie Group Ltd. bought a new stake in Bottomline Technologies during the third quarter worth approximately $204,000. Crossmark Global Holdings Inc. bought a new stake in Bottomline Technologies during the third quarter worth approximately $217,000. FDx Advisors Inc. bought a new stake in Bottomline Technologies during the third quarter worth approximately $227,000. Finally, Zions Bancorporation bought a new stake in Bottomline Technologies during the third quarter worth approximately $253,000. Institutional investors own 96.83% of the company’s stock.

Bottomline Technologies (EPAY) opened at $37.56 on Monday. Bottomline Technologies has a 52-week low of $21.52 and a 52-week high of $39.50. The company has a market capitalization of $1,520.58, a PE ratio of 73.65 and a beta of 1.12.

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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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