Bottomline Technologies, Inc. (EPAY) Releases Q2 Earnings Guidance

Bottomline Technologies, Inc. (NASDAQ:EPAY) issued an update on its second quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.26 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.26. The company issued revenue guidance of $92.5 million, compared to the consensus revenue estimate of $92.56 million.Bottomline Technologies also updated its FY18 guidance to $1.06 EPS.

Bottomline Technologies, Inc. (NASDAQ:EPAY) traded up $0.07 during trading on Friday, hitting $33.37. The stock had a trading volume of 451,500 shares, compared to its average volume of 331,842. Bottomline Technologies, Inc. has a 12 month low of $21.52 and a 12 month high of $34.89. The firm has a market cap of $1,348.10, a PE ratio of 81.22, a P/E/G ratio of 5.78 and a beta of 1.16.

Bottomline Technologies (NASDAQ:EPAY) last issued its earnings results on Thursday, November 2nd. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. Bottomline Technologies had a positive return on equity of 5.84% and a negative net margin of 7.51%. The business had revenue of $91.30 million during the quarter, compared to analysts’ expectations of $89.70 million. During the same quarter in the prior year, the firm earned $0.22 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. equities analysts anticipate that Bottomline Technologies, Inc. will post 0.48 EPS for the current year.

A number of equities analysts have issued reports on the company. Needham & Company LLC reaffirmed a buy rating and issued a $38.00 target price on shares of Bottomline Technologies in a report on Friday, November 3rd. Zacks Investment Research raised Bottomline Technologies from a hold rating to a buy rating and set a $37.00 price target for the company in a research note on Wednesday. Royal Bank of Canada reissued a hold rating and issued a $29.00 price target on shares of Bottomline Technologies in a research note on Monday, September 11th. BidaskClub cut Bottomline Technologies from a buy rating to a hold rating in a research note on Friday, July 28th. Finally, Craig Hallum upgraded Bottomline Technologies from a hold rating to a buy rating in a research report on Friday, August 11th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $34.00.

In other news, insider John Francis Kelly sold 3,977 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $29.54, for a total value of $117,480.58. Following the transaction, the insider now owns 40,175 shares in the company, valued at $1,186,769.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Norman J. Deluca sold 1,584 shares of the firm’s 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 transaction, the insider now owns 99,633 shares in the company, valued at approximately $3,293,866.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,474 shares of company stock worth $268,161. Corporate insiders own 2.40% of the company’s stock.

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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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