Twilio Inc. (TWLO) to Release Earnings on Wednesday
Twilio Inc. (NYSE:TWLO) is set to post its quarterly earnings results after the market closes on Wednesday, November 8th. Analysts expect Twilio to post earnings of ($0.08) per share for the quarter.
Twilio (NYSE:TWLO) last released its earnings results on Monday, August 7th. The technology company reported ($0.20) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.20). The company had revenue of $95.90 million during the quarter, compared to the consensus estimate of $86.28 million. Twilio had a negative return on equity of 15.40% and a negative net margin of 13.42%. Twilio’s quarterly revenue was up 48.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.08) EPS. On average, analysts expect Twilio to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Shares of Twilio Inc. (TWLO) opened at $30.24 on Monday.
In other Twilio news, CFO Lee Kirkpatrick sold 10,000 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $31.17, for a total value of $311,700.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard L. Dalzell sold 2,500 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $31.18, for a total value of $77,950.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,847 shares of company stock worth $1,645,621.
Several equities analysts have recently issued reports on the company. Drexel Hamilton reissued a “buy” rating and set a $47.00 target price (up from $44.00) on shares of Twilio in a research note on Wednesday, August 9th. J P Morgan Chase & Co boosted their target price on Twilio from $33.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, August 8th. BidaskClub raised Twilio from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th. William Blair reissued an “outperform” rating on shares of Twilio in a research note on Tuesday, September 5th. Finally, Canaccord Genuity boosted their target price on Twilio from $32.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $36.91.
Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).
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