Bottomline Technologies (EPAY) Announces Quarterly Earnings Results, Beats Estimates By $0.05 EPS
Bottomline Technologies (NASDAQ:EPAY) posted its earnings results on Thursday. The technology company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.26 by $0.05, Bloomberg Earnings reports. The firm had revenue of $95.20 million for the quarter, compared to analyst estimates of $92.51 million. Bottomline Technologies had a positive return on equity of 7.29% and a negative net margin of 3.67%. Bottomline Technologies’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.26 earnings per share.
Bottomline Technologies (NASDAQ:EPAY) opened at $37.56 on Friday. The company has a market capitalization of $1,485.34, a price-to-earnings ratio of -107.31 and a beta of 1.12. Bottomline Technologies has a twelve month low of $21.52 and a twelve month high of $39.50.
EPAY has been the topic of several recent analyst reports. Zacks Investment Research raised Bottomline Technologies from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Wednesday, November 8th. Needham & Company LLC reissued a “buy” rating and issued a $38.00 target price on shares of Bottomline Technologies in a report on Friday, November 3rd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $35.40.
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Bottomline Technologies Company Profile
Bottomline Technologies (de), Inc is engaged in providing a set of cloud-based business payment, digital banking, fraud prevention, payment and financial document solutions. The Company helps businesses pay and get paid. It offers hosted or Software as a Service (SaaS) solutions, as well as software designed to run on-site at the customer’s location.
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