Twilio (NYSE:TWLO) Releases Q2 Earnings Guidance

Twilio (NYSE:TWLO) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.64-0.68 for the period, compared to the consensus earnings per share estimate of $0.65. The company issued revenue guidance of $1.05-1.06 billion, compared to the consensus revenue estimate of $1.08 billion.

Twilio Price Performance

NYSE TWLO traded down $4.76 during trading on Wednesday, hitting $58.61. 8,831,348 shares of the company’s stock were exchanged, compared to its average volume of 3,228,315. The company has a market cap of $10.67 billion, a PE ratio of -10.58 and a beta of 1.33. The company has a current ratio of 6.64, a quick ratio of 6.64 and a debt-to-equity ratio of 0.10. Twilio has a fifty-two week low of $45.02 and a fifty-two week high of $78.16. The stock’s 50 day moving average price is $60.72 and its two-hundred day moving average price is $64.38.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.17. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Research analysts expect that Twilio will post -0.11 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TWLO. Piper Sandler upped their target price on Twilio from $78.00 to $79.00 and gave the stock an overweight rating in a report on Wednesday. HSBC lowered shares of Twilio from a hold rating to a reduce rating and dropped their price objective for the company from $62.00 to $61.00 in a report on Wednesday, February 14th. UBS Group decreased their price target on shares of Twilio from $82.00 to $74.00 and set a buy rating for the company in a research report on Wednesday, March 6th. Stifel Nicolaus cut their price target on shares of Twilio from $70.00 to $60.00 and set a hold rating on the stock in a report on Wednesday, March 6th. Finally, Canaccord Genuity Group decreased their price objective on Twilio from $90.00 to $85.00 and set a buy rating for the company in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $68.59.

Insider Transactions at Twilio

In related news, CFO Aidan Viggiano sold 3,375 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $60.79, for a total transaction of $205,166.25. Following the transaction, the chief financial officer now directly owns 231,036 shares in the company, valued at $14,044,678.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Aidan Viggiano sold 3,375 shares of Twilio stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $60.79, for a total transaction of $205,166.25. Following the sale, the chief financial officer now directly owns 231,036 shares in the company, valued at $14,044,678.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dana Wagner sold 458 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $55.71, for a total value of $25,515.18. Following the completion of the transaction, the insider now directly owns 171,744 shares in the company, valued at approximately $9,567,858.24. The disclosure for this sale can be found here. Insiders sold a total of 30,958 shares of company stock worth $1,910,447 in the last quarter. 4.20% of the stock is currently owned by corporate insiders.

Twilio Company Profile

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.