Twilio (TWLO) Updates Q4 Earnings Guidance

Twilio (NYSE:TWLO) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.03-0.04 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.02. The company issued revenue guidance of $183-185 million, compared to the consensus revenue estimate of $160.64 million.Twilio also updated its FY 2018 guidance to $0.10-0.11 EPS.

TWLO has been the topic of several recent analyst reports. Zacks Investment Research raised Twilio from a hold rating to a buy rating and set a $83.00 price target on the stock in a research report on Friday, October 12th. KeyCorp reissued a buy rating and set a $99.00 price target on shares of Twilio in a research report on Thursday, October 11th. Deutsche Bank initiated coverage on Twilio in a research report on Monday, October 8th. They set a buy rating and a $88.00 price target on the stock. DA Davidson initiated coverage on Twilio in a research report on Tuesday, October 2nd. They set a buy rating and a $99.00 price target on the stock. Finally, Monness Crespi & Hardt upped their price target on Twilio from $85.00 to $108.00 and gave the company a buy rating in a research report on Wednesday, September 12th. One investment analyst has rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $76.55.

TWLO stock traded down $0.75 during mid-day trading on Tuesday, hitting $71.02. The stock had a trading volume of 5,547,706 shares, compared to its average volume of 2,486,600. The company has a debt-to-equity ratio of 0.98, a current ratio of 7.20 and a quick ratio of 7.20. Twilio has a 1-year low of $23.25 and a 1-year high of $88.88. The firm has a market cap of $7.24 billion, a P/E ratio of -91.05 and a beta of 1.00.

Twilio (NYSE:TWLO) last issued its earnings results on Monday, August 6th. The technology company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.09. Twilio had a negative return on equity of 21.41% and a negative net margin of 18.29%. The company had revenue of $147.80 million for the quarter, compared to analyst estimates of $130.39 million. During the same period in the prior year, the firm posted ($0.05) EPS. The business’s revenue was up 54.1% compared to the same quarter last year. As a group, research analysts expect that Twilio will post -0.77 EPS for the current year.

In other Twilio news, CFO Lee Kirkpatrick sold 15,635 shares of the company’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $75.57, for a total value of $1,181,536.95. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeff Lawson sold 20,830 shares of the company’s stock in a transaction dated Thursday, October 18th. The stock was sold at an average price of $71.67, for a total value of $1,492,886.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 184,477 shares of company stock worth $14,711,857. Insiders own 19.80% of the company’s stock.

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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.

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