Zacks: Brokerages Expect Apptio Inc (APTI) to Post $0.01 Earnings Per Share

Equities research analysts expect Apptio Inc (NASDAQ:APTI) to announce $0.01 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Apptio’s earnings, with estimates ranging from ($0.01) to $0.02. Apptio reported earnings of ($0.06) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 116.7%. The company is expected to report its next quarterly earnings report on Monday, February 4th.

On average, analysts expect that Apptio will report full year earnings of $0.08 per share for the current fiscal year, with EPS estimates ranging from $0.08 to $0.09. For the next year, analysts forecast that the company will post earnings of $0.28 per share, with EPS estimates ranging from $0.19 to $0.43. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Apptio.

Apptio (NASDAQ:APTI) last posted its quarterly earnings results on Monday, October 29th. The technology company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. Apptio had a negative net margin of 11.06% and a negative return on equity of 15.14%. The company had revenue of $59.22 million during the quarter, compared to analysts’ expectations of $58.09 million. During the same quarter in the previous year, the business posted $0.01 EPS. The firm’s revenue was up 26.0% on a year-over-year basis.

Several analysts have recently weighed in on APTI shares. Barclays boosted their price objective on shares of Apptio from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 12th. Royal Bank of Canada restated a “buy” rating and set a $41.00 price objective on shares of Apptio in a research report on Tuesday, July 31st. BidaskClub downgraded shares of Apptio from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Bank of America boosted their price objective on shares of Apptio from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Finally, Zacks Investment Research upgraded shares of Apptio from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Tuesday, August 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. Apptio has a consensus rating of “Buy” and an average price target of $33.80.

NASDAQ APTI traded up $1.71 on Wednesday, hitting $26.63. 614,509 shares of the stock were exchanged, compared to its average volume of 557,196. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.70. Apptio has a fifty-two week low of $20.46 and a fifty-two week high of $41.36. The stock has a market capitalization of $1.15 billion, a PE ratio of -41.61 and a beta of 1.62.

In other Apptio news, insider Sachin Gupta sold 25,000 shares of the company’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $36.03, for a total transaction of $900,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter S. Klein sold 8,000 shares of the company’s stock in a transaction on Monday, October 15th. The stock was sold at an average price of $29.90, for a total transaction of $239,200.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 256,869 shares of company stock valued at $9,525,290. 24.16% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Northern Trust Corp grew its stake in shares of Apptio by 7.7% during the 1st quarter. Northern Trust Corp now owns 241,841 shares of the technology company’s stock worth $6,854,000 after purchasing an additional 17,220 shares during the period. BlackRock Inc. grew its stake in Apptio by 5.4% in the 1st quarter. BlackRock Inc. now owns 1,269,862 shares of the technology company’s stock valued at $35,987,000 after acquiring an additional 65,199 shares during the last quarter. California Public Employees Retirement System acquired a new stake in Apptio in the 1st quarter valued at about $269,000. UBS Group AG grew its stake in Apptio by 1,131.0% in the 1st quarter. UBS Group AG now owns 14,575 shares of the technology company’s stock valued at $413,000 after acquiring an additional 13,391 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in Apptio in the 1st quarter valued at about $178,000. Institutional investors own 72.63% of the company’s stock.

About Apptio

Apptio, Inc provides cloud-based technology business management (TBM) solutions to enterprises. Its cloud-based platform and SaaS applications enable IT leaders to analyze, optimize, and plan technology investments, as well as to benchmark financial and operational performance against peers. The company's TBM solutions consist of adaptive data management, which aggregates, cleanses, and correlates large amounts of customer data from various sources; and standard IT operating model and taxonomy that offers a standard model for how IT costs are captured, categorized, and allocated to IT and business services.

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