Analysts Anticipate Twilio Inc. (NYSE:TWLO) Will Announce Quarterly Sales of $768.89 Million

Equities research analysts expect Twilio Inc. (NYSE:TWLO) to post sales of $768.89 million for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Twilio’s earnings, with the lowest sales estimate coming in at $759.80 million and the highest estimate coming in at $792.00 million. Twilio reported sales of $548.09 million in the same quarter last year, which indicates a positive year over year growth rate of 40.3%. The business is scheduled to report its next earnings report on Wednesday, February 16th.

According to Zacks, analysts expect that Twilio will report full-year sales of $2.76 billion for the current financial year, with estimates ranging from $2.68 billion to $2.79 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $3.61 billion, with estimates ranging from $3.45 billion to $3.75 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Twilio.

Twilio (NYSE:TWLO) last posted its earnings results on Wednesday, October 27th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.15. Twilio had a negative return on equity of 5.56% and a negative net margin of 32.89%. The firm had revenue of $740.20 million for the quarter, compared to analyst estimates of $684.10 million. During the same quarter in the prior year, the company earned ($0.58) EPS. Twilio’s revenue was up 65.2% on a year-over-year basis.

Several brokerages have weighed in on TWLO. Wells Fargo & Company cut their price target on Twilio from $525.00 to $450.00 and set an “overweight” rating on the stock in a report on Thursday, October 28th. William Blair restated a “buy” rating on shares of Twilio in a report on Thursday, October 28th. Jefferies Financial Group cut their price target on Twilio from $450.00 to $360.00 and set a “buy” rating on the stock in a report on Thursday, October 28th. Zacks Investment Research upgraded Twilio from a “sell” rating to a “hold” rating and set a $338.00 price objective on the stock in a report on Wednesday, September 29th. Finally, Mizuho dropped their price objective on Twilio from $430.00 to $375.00 and set a “buy” rating on the stock in a report on Thursday, October 28th. Two investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $454.83.

In other news, General Counsel Karyn Smith sold 465 shares of the firm’s stock in a transaction that occurred on Thursday, September 30th. The stock was sold at an average price of $314.29, for a total value of $146,144.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeff Lawson sold 28,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 7th. The shares were sold at an average price of $364.51, for a total value of $10,206,280.00. The disclosure for this sale can be found here. Insiders have sold a total of 96,953 shares of company stock valued at $32,406,366 over the last ninety days. 4.96% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commerce Bank increased its stake in Twilio by 1.2% in the 2nd quarter. Commerce Bank now owns 2,538 shares of the technology company’s stock valued at $1,000,000 after purchasing an additional 30 shares in the last quarter. Schmidt P J Investment Management Inc. increased its stake in Twilio by 1.1% in the 3rd quarter. Schmidt P J Investment Management Inc. now owns 2,853 shares of the technology company’s stock valued at $1,010,000 after purchasing an additional 30 shares in the last quarter. Moneta Group Investment Advisors LLC increased its stake in Twilio by 1.8% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,768 shares of the technology company’s stock valued at $697,000 after purchasing an additional 31 shares in the last quarter. Tsfg LLC increased its stake in Twilio by 5.6% in the 3rd quarter. Tsfg LLC now owns 606 shares of the technology company’s stock valued at $193,000 after purchasing an additional 32 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co increased its stake in Twilio by 5.5% in the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 696 shares of the technology company’s stock valued at $274,000 after purchasing an additional 36 shares in the last quarter. 77.74% of the stock is owned by hedge funds and other institutional investors.

TWLO traded up $8.76 during mid-day trading on Thursday, hitting $283.89. 2,325,454 shares of the stock were exchanged, compared to its average volume of 2,052,229. The firm’s fifty day moving average is $323.83 and its two-hundred day moving average is $344.36. Twilio has a 1-year low of $266.29 and a 1-year high of $457.30. The company has a current ratio of 9.57, a quick ratio of 9.57 and a debt-to-equity ratio of 0.09. The company has a market cap of $50.63 billion, a PE ratio of -57.47 and a beta of 1.27.

Twilio Company Profile

Twilio, Inc engages in the development of communications software, cloud-based platform, and services. Its products include Twilio flex, messaging, programmable voice, programmable video, elastic SIP trunking, and IoT. The company was founded by John Wolthuis, Jeffery G. Lawson, and Evan Cooke in March 2008 and is headquartered in San Francisco, CA.

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Earnings History and Estimates for Twilio (NYSE:TWLO)

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