Zacks: Analysts Anticipate Twilio Inc. (NYSE:TWLO) Will Post Quarterly Sales of $768.89 Million

Analysts expect Twilio Inc. (NYSE:TWLO) to post sales of $768.89 million for the current quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Twilio’s earnings. The lowest sales estimate is $759.80 million and the highest is $792.00 million. Twilio reported sales of $548.09 million during the same quarter last year, which would suggest a positive year over year growth rate of 40.3%. The business is scheduled to issue its next earnings report on Wednesday, February 16th.

According to Zacks, analysts expect that Twilio will report full year sales of $2.76 billion for the current year, with estimates ranging from $2.68 billion to $2.79 billion. For the next year, analysts anticipate that the business will report sales of $3.61 billion, with estimates ranging from $3.45 billion to $3.75 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Twilio.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Wednesday, October 27th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.15. The business had revenue of $740.20 million during the quarter, compared to the consensus estimate of $684.10 million. Twilio had a negative return on equity of 5.56% and a negative net margin of 32.89%. The business’s revenue was up 65.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.58) earnings per share.

A number of research firms have weighed in on TWLO. Mizuho cut their target price on Twilio from $430.00 to $375.00 and set a “buy” rating for the company in a research report on Thursday, October 28th. William Blair restated a “buy” rating on shares of Twilio in a research report on Thursday, October 28th. Robert W. Baird cut their target price on Twilio from $450.00 to $390.00 and set an “outperform” rating for the company in a research report on Thursday, October 28th. Barclays began coverage on Twilio in a research report on Wednesday, October 20th. They issued an “equal weight” rating and a $375.00 target price for the company. Finally, Zacks Investment Research upgraded Twilio from a “sell” rating to a “hold” rating and set a $338.00 price objective for the company in a research report on Wednesday, September 29th. Two research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $454.83.

Shares of NYSE TWLO traded up $8.76 during midday trading on Thursday, hitting $283.89. 2,325,454 shares of the company’s stock were exchanged, compared to its average volume of 2,052,229. The firm has a market cap of $50.63 billion, a P/E ratio of -57.47 and a beta of 1.27. The company has a debt-to-equity ratio of 0.09, a current ratio of 9.57 and a quick ratio of 9.57. Twilio has a twelve month low of $266.29 and a twelve month high of $457.30. The stock’s 50 day moving average price is $323.83 and its 200-day moving average price is $344.36.

In other Twilio news, CEO Jeff Lawson sold 28,000 shares of the company’s stock in a transaction dated Tuesday, September 7th. The shares were sold at an average price of $364.51, for a total transaction of $10,206,280.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Khozema Shipchandler sold 3,504 shares of the company’s stock in a transaction dated Monday, November 22nd. The shares were sold at an average price of $284.00, for a total transaction of $995,136.00. The disclosure for this sale can be found here. Insiders sold 96,953 shares of company stock worth $32,406,366 over the last ninety days. 4.96% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans acquired a new position in Twilio in the first quarter worth about $351,000. Captrust Financial Advisors raised its position in Twilio by 64.9% in the first quarter. Captrust Financial Advisors now owns 1,407 shares of the technology company’s stock worth $479,000 after purchasing an additional 554 shares in the last quarter. AQR Capital Management LLC raised its position in Twilio by 2.6% in the first quarter. AQR Capital Management LLC now owns 20,043 shares of the technology company’s stock worth $6,826,000 after purchasing an additional 509 shares in the last quarter. Glenmede Trust Co. NA acquired a new position in Twilio in the first quarter worth about $468,000. Finally, Optimal Asset Management Inc. acquired a new position in Twilio in the first quarter worth about $857,000. Institutional investors and hedge funds own 77.74% of the company’s stock.

Twilio Company Profile

Twilio, Inc engages in the development of communications software, cloud-based platform, and services. Its products include Twilio flex, messaging, programmable voice, programmable video, elastic SIP trunking, and IoT. The company was founded by John Wolthuis, Jeffery G. Lawson, and Evan Cooke in March 2008 and is headquartered in San Francisco, CA.

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