Twilio Inc. (NYSE:TWLO) Expected to Post Quarterly Sales of $861.73 Million

Wall Street analysts predict that Twilio Inc. (NYSE:TWLOGet Rating) will report sales of $861.73 million for the current quarter, Zacks Investment Research reports. Eleven analysts have made estimates for Twilio’s earnings. The highest sales estimate is $867.30 million and the lowest is $854.70 million. Twilio reported sales of $589.99 million during the same quarter last year, which indicates a positive year-over-year growth rate of 46.1%. The firm is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Twilio will report full year sales of $3.79 billion for the current year, with estimates ranging from $3.65 billion to $3.87 billion. For the next year, analysts anticipate that the company will report sales of $4.87 billion, with estimates ranging from $4.63 billion to $5.08 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Twilio.

Twilio (NYSE:TWLOGet Rating) last announced its quarterly earnings data on Wednesday, February 9th. The technology company reported ($1.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.94) by ($0.31). Twilio had a negative net margin of 33.43% and a negative return on equity of 6.13%. The company had revenue of $842.74 million for the quarter, compared to analysts’ expectations of $768.89 million. During the same period last year, the business earned ($0.80) earnings per share.

TWLO has been the subject of a number of recent research reports. Piper Sandler cut their target price on shares of Twilio from $550.00 to $400.00 in a report on Monday, January 10th. The Goldman Sachs Group cut their target price on shares of Twilio from $350.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, February 10th. Canaccord Genuity Group cut their target price on shares of Twilio from $510.00 to $455.00 and set a “buy” rating for the company in a report on Thursday, February 10th. Stifel Nicolaus cut their target price on shares of Twilio from $350.00 to $300.00 and set a “buy” rating for the company in a report on Monday, March 21st. Finally, KeyCorp raised their target price on shares of Twilio from $283.00 to $320.00 and gave the company an “overweight” rating in a report on Thursday, February 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $350.52.

TWLO traded up $3.37 during trading on Friday, reaching $148.68. 48,584 shares of the company traded hands, compared to its average volume of 3,056,829. The company has a debt-to-equity ratio of 0.09, a quick ratio of 8.43 and a current ratio of 8.43. Twilio has a 12-month low of $123.05 and a 12-month high of $412.68. The firm has a fifty day simple moving average of $164.73 and a 200 day simple moving average of $238.94. The company has a market cap of $26.99 billion, a P/E ratio of -27.21 and a beta of 1.37.

In related news, COO Khozema Shipchandler sold 1,614 shares of Twilio stock in a transaction dated Tuesday, April 5th. The stock was sold at an average price of $174.71, for a total value of $281,981.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Marc Boroditsky sold 1,000 shares of Twilio stock in a transaction dated Wednesday, January 19th. The shares were sold at an average price of $208.21, for a total value of $208,210.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,013 shares of company stock valued at $3,788,559. Corporate insiders own 4.96% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Titan Global Capital Management USA LLC grew its stake in shares of Twilio by 12.3% during the third quarter. Titan Global Capital Management USA LLC now owns 68,820 shares of the technology company’s stock worth $21,957,000 after acquiring an additional 7,513 shares during the last quarter. Alberta Investment Management Corp grew its stake in shares of Twilio by 59.6% during the third quarter. Alberta Investment Management Corp now owns 51,336 shares of the technology company’s stock worth $16,379,000 after acquiring an additional 19,166 shares during the last quarter. Cetera Advisor Networks LLC grew its stake in shares of Twilio by 14.1% during the third quarter. Cetera Advisor Networks LLC now owns 6,006 shares of the technology company’s stock worth $1,916,000 after acquiring an additional 744 shares during the last quarter. Formula Growth Ltd. grew its stake in shares of Twilio by 69.3% during the third quarter. Formula Growth Ltd. now owns 49,579 shares of the technology company’s stock worth $15,818,000 after acquiring an additional 20,300 shares during the last quarter. Finally, Maryland State Retirement & Pension System grew its stake in shares of Twilio by 3.7% during the third quarter. Maryland State Retirement & Pension System now owns 12,692 shares of the technology company’s stock worth $3,977,000 after acquiring an additional 450 shares during the last quarter. Hedge funds and other institutional investors own 77.97% of the company’s stock.

About Twilio (Get Rating)

Twilio Inc, together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher-level communication logic needed for nearly every type of customer engagement, as well as enable developers to embed voice, messaging, video, and email capabilities into their applications.

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