Twilio (NYSE:TWLO) updated its fourth quarter 2018 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.03-0.04 for the period, compared to the Thomson Reuters consensus estimate of $0.02. The company issued revenue guidance of $183-185 million, compared to the consensus revenue estimate of $161.36 million.Twilio also updated its FY 2018 guidance to $0.10-0.11 EPS.
A number of brokerages have issued reports on TWLO. Monness Crespi & Hardt increased their price objective on shares of Twilio from $85.00 to $108.00 and gave the company a buy rating in a report on Wednesday, September 12th. JMP Securities increased their price objective on shares of Twilio from $76.00 to $86.00 and gave the company an outperform rating in a report on Tuesday, September 4th. DA Davidson began coverage on shares of Twilio in a report on Tuesday, October 2nd. They set a buy rating and a $99.00 price objective for the company. Mitsubishi UFJ Financial Group increased their price objective on shares of Twilio to $82.00 and gave the company an overweight rating in a report on Tuesday, August 14th. Finally, Bank of America increased their price objective on shares of Twilio from $63.00 to $75.00 and gave the company a buy rating in a report on Tuesday, August 7th. One analyst has rated the stock with a hold rating and twenty have given a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $76.55.
Shares of NYSE TWLO traded down $0.75 during midday trading on Tuesday, reaching $71.02. 5,547,706 shares of the stock traded hands, compared to its average volume of 2,486,600. The company has a debt-to-equity ratio of 0.98, a quick ratio of 7.20 and a current ratio of 7.20. The company has a market capitalization of $7.24 billion, a P/E ratio of -91.05 and a beta of 1.00. Twilio has a one year low of $23.25 and a one year high of $88.88.
Twilio (NYSE:TWLO) last posted its earnings results on Monday, August 6th. The technology company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The firm had revenue of $147.80 million during the quarter, compared to the consensus estimate of $130.39 million. Twilio had a negative return on equity of 21.41% and a negative net margin of 18.29%. The company’s quarterly revenue was up 54.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.05) EPS. As a group, equities analysts predict that Twilio will post -0.77 EPS for the current fiscal year.
In other news, CFO Lee Kirkpatrick sold 17,636 shares of the stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $86.81, for a total transaction of $1,530,981.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Karyn Smith sold 3,521 shares of the stock in a transaction that occurred on Thursday, October 18th. The shares were sold at an average price of $71.67, for a total value of $252,350.07. The disclosure for this sale can be found here. Insiders have sold a total of 184,477 shares of company stock valued at $14,711,857 over the last quarter. Corporate insiders own 19.80% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Twilio (TWLO) Releases Q4 2018 Earnings Guidance” was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this piece can be read at https://www.dispatchtribunal.com/2018/11/06/twilio-twlo-releases-q4-2018-earnings-guidance.html.
Twilio Company Profile
Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.
Read More: Penny Stocks
Receive News & Ratings for Twilio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twilio and related companies with MarketBeat.com's FREE daily email newsletter.