Bottomline Technologies, Inc. (EPAY) Issues FY18 Earnings Guidance
Bottomline Technologies, Inc. (NASDAQ:EPAY) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $1.06 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.06. The company issued revenue guidance of $370-375 million, compared to the consensus revenue estimate of $373.53 million.Bottomline Technologies also updated its Q2 guidance to $0.26 EPS.
Bottomline Technologies, Inc. (NASDAQ:EPAY) traded up $2.09 during trading hours on Friday, hitting $34.30. 701,619 shares of the company’s stock traded hands, compared to its average volume of 413,461. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 78.44, a P/E/G ratio of 5.64 and a beta of 1.16.
Bottomline Technologies (NASDAQ:EPAY) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.05. Bottomline Technologies had a negative net margin of 7.51% and a positive return on equity of 5.85%. The business had revenue of $91.30 million for the quarter, compared to the consensus estimate of $89.70 million. During the same period in the prior year, the company posted $0.22 earnings per share. Bottomline Technologies’s revenue was up 9.9% compared to the same quarter last year. analysts anticipate that Bottomline Technologies, Inc. will post 0.48 EPS for the current year.
EPAY has been the topic of several research reports. BidaskClub upgraded shares of Bottomline Technologies from a hold rating to a buy rating in a research note on Sunday, July 16th. Needham & Company LLC restated a buy rating and issued a $33.00 price target (up from $31.00) on shares of Bottomline Technologies in a research note on Friday, August 11th. Craig Hallum upgraded shares of Bottomline Technologies from a hold rating to a buy rating in a research note on Friday, August 11th. Zacks Investment Research upgraded shares of Bottomline Technologies from a strong sell rating to a hold rating in a research note on Wednesday, October 11th. Finally, Royal Bank Of Canada restated a hold rating and issued a $29.00 price target on shares of Bottomline Technologies in a research note on Monday, September 11th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Bottomline Technologies has an average rating of Buy and an average price target of $33.25.
In other Bottomline Technologies news, insider Norman J. Deluca sold 1,584 shares of the stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $33.06, for a total transaction of $52,367.04. Following the sale, the insider now directly owns 99,633 shares in the company, valued at $3,293,866.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John Francis Kelly sold 3,977 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $29.54, for a total transaction of $117,480.58. Following the sale, the insider now owns 40,175 shares in the company, valued at $1,186,769.50. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
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About Bottomline Technologies
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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