Equities research analysts expect Everbridge (NASDAQ:EVBG) to post ($0.22) earnings per share for the current quarter, Zacks reports. Six analysts have made estimates for Everbridge’s earnings, with the lowest EPS estimate coming in at ($0.23) and the highest estimate coming in at ($0.22). Everbridge reported earnings per share of ($0.05) in the same quarter last year, which would suggest a negative year over year growth rate of 340%. The company is scheduled to report its next quarterly earnings report on Thursday, August 2nd.
According to Zacks, analysts expect that Everbridge will report full year earnings of ($0.58) per share for the current financial year, with EPS estimates ranging from ($0.59) to ($0.57). For the next year, analysts forecast that the firm will post earnings of ($0.34) per share, with EPS estimates ranging from ($0.49) to ($0.14). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Everbridge.
Everbridge (NASDAQ:EVBG) last announced its quarterly earnings data on Monday, May 7th. The technology company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.03. Everbridge had a negative return on equity of 42.59% and a negative net margin of 23.01%. The business had revenue of $30.52 million during the quarter, compared to analysts’ expectations of $29.61 million. During the same period in the previous year, the firm earned ($0.15) earnings per share. The firm’s quarterly revenue was up 33.6% compared to the same quarter last year.
A number of equities research analysts recently commented on the company. KeyCorp reaffirmed a “buy” rating and set a $37.00 price objective (up from $30.00) on shares of Everbridge in a research note on Wednesday, January 17th. Needham & Company LLC lifted their price objective on Everbridge to $46.00 and gave the stock a “buy” rating in a research note on Tuesday, May 8th. BidaskClub raised Everbridge from a “buy” rating to a “strong-buy” rating in a research note on Friday. William Blair reaffirmed a “buy” rating on shares of Everbridge in a research note on Thursday, February 15th. Finally, Credit Suisse Group lifted their price objective on Everbridge from $38.00 to $46.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 8th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $40.40.
Shares of Everbridge opened at $43.57 on Friday, Marketbeat reports. The company has a debt-to-equity ratio of 1.50, a current ratio of 2.03 and a quick ratio of 2.03. Everbridge has a 12 month low of $21.56 and a 12 month high of $43.64.
In other news, SVP Elliot J. Mark sold 958 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $34.78, for a total value of $33,319.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Elliot J. Mark sold 1,542 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $34.75, for a total value of $53,584.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,323 shares of company stock worth $1,507,833. Company insiders own 11.20% of the company’s stock.
Several institutional investors have recently bought and sold shares of EVBG. Ironwood Investment Management LLC acquired a new position in shares of Everbridge in the fourth quarter valued at approximately $226,000. Teacher Retirement System of Texas acquired a new position in shares of Everbridge in the fourth quarter valued at approximately $234,000. UBS Asset Management Americas Inc. acquired a new position in shares of Everbridge in the fourth quarter valued at approximately $247,000. MetLife Investment Advisors LLC acquired a new stake in Everbridge during the fourth quarter worth approximately $248,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in Everbridge during the fourth quarter worth approximately $297,000. 80.19% of the stock is currently owned by institutional investors.
Everbridge Company Profile
Everbridge, Inc operates as a software company in the United States, Sweden, England, and China. The company offers Critical Event Management, a SaaS-based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification, which enables enterprises and governmental entities to send notifications to individuals or groups to keep them informed before, during, and after natural or man-made disasters, and other emergencies; Safety Connection that enables organizations to send notifications based on last known location of an individual; Incident Management, which enables organizations to automate workflows and make their communications relevant; and IT Alerting that enables IT professionals to alert and communicate with members of their teams during an IT incident or outage.
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