Wall Street brokerages expect Twilio Inc (NYSE:TWLO) to post $151.42 million in sales for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Twilio’s earnings. The highest sales estimate is $153.22 million and the lowest is $150.09 million. Twilio posted sales of $100.54 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 50.6%. The firm is expected to report its next earnings results on Wednesday, November 14th.

On average, analysts expect that Twilio will report full year sales of $588.51 million for the current financial year, with estimates ranging from $585.71 million to $592.60 million. For the next financial year, analysts anticipate that the business will post sales of $737.87 million, with estimates ranging from $702.54 million to $788.44 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Twilio.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Monday, August 6th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.09. Twilio had a negative return on equity of 21.41% and a negative net margin of 18.29%. The firm had revenue of $147.80 million for the quarter, compared to analysts’ expectations of $130.39 million. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. Twilio’s revenue for the quarter was up 54.1% compared to the same quarter last year.

TWLO has been the topic of several research reports. Piper Jaffray Companies initiated coverage on Twilio in a research note on Monday, June 25th. They set an “overweight” rating on the stock. Rosenblatt Securities initiated coverage on Twilio in a research note on Wednesday, June 27th. They set a “buy” rating and a $70.00 price objective on the stock. Argus upgraded Twilio from a “hold” rating to a “buy” rating in a research note on Thursday, June 28th. They noted that the move was a valuation call. Zacks Investment Research upgraded Twilio from a “sell” rating to a “hold” rating in a research note on Sunday, July 15th. Finally, Canaccord Genuity restated a “buy” rating and set a $80.00 price objective (up previously from $52.00) on shares of Twilio in a research note on Monday, August 6th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $72.36.

In related news, CEO Jeff Lawson sold 20,830 shares of the firm’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $85.72, for a total value of $1,785,547.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO George Hu sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, July 13th. The shares were sold at an average price of $60.20, for a total value of $602,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 201,461 shares of company stock worth $15,065,489 over the last quarter. Insiders own 19.80% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. United Services Automobile Association increased its position in Twilio by 2.2% in the 2nd quarter. United Services Automobile Association now owns 113,686 shares of the technology company’s stock valued at $6,369,000 after acquiring an additional 2,426 shares during the period. Rehmann Capital Advisory Group acquired a new stake in Twilio in the 2nd quarter valued at approximately $489,000. Public Employees Retirement System of Ohio acquired a new stake in Twilio in the 2nd quarter valued at approximately $18,311,000. Nomura Holdings Inc. increased its position in Twilio by 2,308.0% in the 2nd quarter. Nomura Holdings Inc. now owns 361,200 shares of the technology company’s stock valued at $20,234,000 after acquiring an additional 346,200 shares during the period. Finally, M Holdings Securities Inc. acquired a new stake in Twilio in the 2nd quarter valued at approximately $209,000. Hedge funds and other institutional investors own 57.89% of the company’s stock.

Shares of NYSE TWLO opened at $85.72 on Friday. Twilio has a 52-week low of $23.25 and a 52-week high of $88.88. The company has a market cap of $8.55 billion, a price-to-earnings ratio of -110.44 and a beta of 0.33. The company has a debt-to-equity ratio of 0.98, a quick ratio of 7.20 and a current ratio of 7.20.

Twilio Company Profile

Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.

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