Twilio (NYSE:TWLO) Updates Q2 Earnings Guidance

Twilio (NYSE:TWLO) updated its second quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.64-0.68 for the period, compared to the consensus EPS 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 Price Performance

NYSE TWLO traded down $4.76 during midday trading on Wednesday, hitting $58.61. The company had a trading volume of 8,831,348 shares, compared to its average volume of 3,228,315. The company has a market capitalization of $10.67 billion, a PE ratio of -10.58 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 current ratio of 6.64, a quick ratio of 6.64 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $60.72 and a 200-day moving average price of $64.38.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on TWLO. Jefferies Financial Group dropped their price objective on Twilio from $65.00 to $60.00 and set a hold rating for the company in a research report on Wednesday, March 6th. Barclays upped their price objective on shares of Twilio from $60.00 to $70.00 and gave the stock an equal weight rating in a research report on Wednesday, January 24th. Stifel Nicolaus cut their target price on shares of Twilio from $70.00 to $60.00 and set a hold rating on the stock in a research report on Wednesday, March 6th. Canaccord Genuity Group lowered their price target on shares of Twilio from $90.00 to $85.00 and set a buy rating for the company in a report on Wednesday. Finally, StockNews.com downgraded Twilio from a buy rating to a hold rating in a report on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $68.59.

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 1,666 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $62.92, for a total value of $104,824.72. Following the sale, the insider now directly owns 130,456 shares in the company, valued at $8,208,291.52. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Aidan Viggiano sold 1,694 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $63.01, for a total transaction of $106,738.94. Following the sale, the chief financial officer now owns 167,101 shares in the company, valued at $10,529,034.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dana Wagner sold 1,666 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $62.92, for a total value of $104,824.72. Following the completion of the transaction, the insider now directly owns 130,456 shares in the company, valued at $8,208,291.52. The disclosure for this sale can be found here. Insiders sold 30,958 shares of company stock valued at $1,910,447 in the last 90 days. Insiders own 4.20% of the company’s stock.

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.