Twilio (NYSE:TWLO) Issues Q2 Earnings Guidance

Twilio (NYSE:TWLO) updated its second quarter earnings guidance on Tuesday. 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 Stock Performance

Shares of Twilio stock traded up $0.85 on Thursday, hitting $59.47. The stock had a trading volume of 3,823,024 shares, compared to its average volume of 3,234,963. The business’s 50 day moving average is $60.72 and its two-hundred day moving average is $64.38. The stock has a market cap of $10.83 billion, a price-to-earnings ratio of -14.83 and a beta of 1.33. Twilio has a twelve month low of $45.02 and a twelve month high of $78.16. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 0.10.

Twilio (NYSE:TWLO) last announced its earnings results on Wednesday, February 14th. The technology company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.17. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. Analysts forecast that Twilio will post -0.11 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Piper Sandler raised their price objective on Twilio from $78.00 to $79.00 and gave the company an overweight rating in a research note on Wednesday. The Goldman Sachs Group upped their price objective on shares of Twilio from $69.00 to $70.00 and gave the stock a neutral rating in a research report on Wednesday, March 6th. HSBC lowered shares of Twilio from a hold rating to a reduce rating and cut their target price for the company from $62.00 to $61.00 in a research report on Wednesday, February 14th. Robert W. Baird lowered their price target on shares of Twilio from $70.00 to $65.00 and set a neutral rating for the company in a report on Wednesday. Finally, Needham & Company LLC reissued a buy rating and set a $71.00 price objective on shares of Twilio in a report on Wednesday. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $68.59.

Insider Activity

In related news, CEO Khozema Shipchandler sold 10,961 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $62.13, for a total value of $681,006.93. Following the transaction, the chief executive officer now directly owns 335,982 shares in the company, valued at approximately $20,874,561.66. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Dana Wagner sold 458 shares of the 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 sale, the insider now directly owns 171,744 shares of the company’s stock, valued at approximately $9,567,858.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Khozema Shipchandler sold 10,961 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $62.13, for a total transaction of $681,006.93. Following the completion of the sale, the chief executive officer now owns 335,982 shares of the company’s stock, valued at approximately $20,874,561.66. The disclosure for this sale can be found here. Insiders sold 30,958 shares of company stock worth $1,910,447 in the last quarter. 4.20% of the stock is 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.