Twilio (NYSE:TWLO) Releases Q3 Earnings Guidance

Twilio (NYSE:TWLO) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.81-0.86 for the period, compared to the consensus estimate of $0.74. The company issued revenue guidance of $1.085-1.095 billion, compared to the consensus revenue estimate of $1.09 billion. Twilio also updated its Q3 2024 guidance to 0.810-0.860 EPS.

Twilio Price Performance

TWLO traded up $6.59 during trading on Friday, reaching $62.86. 8,081,567 shares of the company traded hands, compared to its average volume of 2,015,806. The company has a debt-to-equity ratio of 0.11, a quick ratio of 6.55 and a current ratio of 6.55. Twilio has a 12-month low of $49.86 and a 12-month high of $78.16. The firm has a fifty day simple moving average of $57.07 and a 200 day simple moving average of $60.86. The company has a market cap of $10.76 billion, a P/E ratio of -15.68, a PEG ratio of 7.86 and a beta of 1.35.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.15. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.21%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. On average, equities analysts forecast that Twilio will post 0.22 EPS for the current year.

Analyst Upgrades and Downgrades

TWLO has been the subject of a number of analyst reports. Sanford C. Bernstein lowered their price target on Twilio from $70.00 to $68.00 and set a market perform rating for the company in a research report on Wednesday, May 8th. Canaccord Genuity Group lowered their price target on Twilio from $90.00 to $85.00 and set a buy rating for the company in a research report on Wednesday, May 8th. Needham & Company LLC restated a buy rating and issued a $71.00 price target on shares of Twilio in a research report on Monday, May 20th. Tigress Financial initiated coverage on Twilio in a research report on Friday, June 28th. They issued a buy rating and a $75.00 price target for the company. Finally, Piper Sandler restated an overweight rating and issued a $83.00 price target (up from $77.00) on shares of Twilio in a research report on Friday. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $70.27.

Insider Transactions at Twilio

In other news, insider Dana Wagner sold 820 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $56.26, for a total transaction of $46,133.20. Following the completion of the transaction, the insider now directly owns 159,317 shares in the company, valued at approximately $8,963,174.42. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Khozema Shipchandler sold 24,657 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $57.00, for a total transaction of $1,405,449.00. Following the transaction, the chief executive officer now owns 311,325 shares of the company’s stock, valued at approximately $17,745,525. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Dana Wagner sold 820 shares of the stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $56.26, for a total value of $46,133.20. Following the transaction, the insider now directly owns 159,317 shares in the company, valued at approximately $8,963,174.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,967 shares of company stock worth $3,796,221. 4.50% of the stock is currently owned by company insiders.

About Twilio

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.