Twilio Inc. (NYSE:TWLO) Expected to Post Quarterly Sales of $861.56 Million

Wall Street brokerages expect that Twilio Inc. (NYSE:TWLO – Get Rating) will report $861.56 million in sales for the current quarter, Zacks Investment Research reports. Ten analysts have made estimates for Twilio’s earnings, with estimates ranging from $854.70 million to $867.30 million. Twilio reported sales of $589.99 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 46%. The firm is expected to announce its next quarterly earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Twilio will report full year sales of $3.78 billion for the current fiscal year, with estimates ranging from $3.65 billion to $3.86 billion. For the next fiscal year, analysts expect that the business will post sales of $4.85 billion, with estimates ranging from $4.63 billion to $5.08 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Twilio.

Twilio (NYSE:TWLO – Get Rating) last announced its quarterly earnings data on Wednesday, February 9th. The technology company reported ($1.25) EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $842.74 million during the quarter, compared to analysts’ expectations of $768.89 million. During the same quarter in the previous year, the firm earned ($0.80) earnings per share.

Several brokerages have recently commented on TWLO. Royal Bank of Canada lowered their price objective on Twilio from $450.00 to $400.00 and set an “outperform” rating on the stock in a research report on Monday, February 7th. Atlantic Securities began coverage on Twilio in a research report on Tuesday, January 25th. They issued an “overweight” rating and a $240.00 target price on the stock. Macquarie boosted their target price on Twilio from $281.00 to $306.00 and gave the stock an “outperform” rating in a research report on Thursday, February 10th. Barclays decreased their target price on Twilio from $375.00 to $250.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 13th. Finally, Cowen decreased their target price on Twilio from $350.00 to $300.00 in a research report on Thursday, April 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $339.54.

In related news, COO Khozema Shipchandler sold 3,380 shares of the stock in a transaction that occurred on Tuesday, February 15th. The stock was sold at an average price of $199.05, for a total value of $672,789.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CRO Marc Boroditsky sold 2,562 shares of the stock in a transaction on Tuesday, February 15th. The shares were sold at an average price of $199.04, for a total value of $509,940.48. The disclosure for this sale can be found here. In the last three months, insiders sold 19,013 shares of company stock worth $3,580,349. 4.96% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in TWLO. Morgan Stanley boosted its position in Twilio by 1.4% during the 2nd quarter. Morgan Stanley now owns 10,978,417 shares of the technology company’s stock valued at $4,327,253,000 after acquiring an additional 152,151 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Twilio by 19.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 20,239 shares of the technology company’s stock valued at $6,457,000 after purchasing an additional 3,323 shares during the last quarter. Lincoln National Corp lifted its holdings in shares of Twilio by 50.9% during the 3rd quarter. Lincoln National Corp now owns 2,045 shares of the technology company’s stock valued at $653,000 after purchasing an additional 690 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Twilio by 0.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 22,929 shares of the technology company’s stock valued at $7,315,000 after purchasing an additional 75 shares during the last quarter. Finally, Advisor Group Holdings Inc. lifted its holdings in shares of Twilio by 7.5% during the 3rd quarter. Advisor Group Holdings Inc. now owns 50,096 shares of the technology company’s stock valued at $16,005,000 after purchasing an additional 3,491 shares during the last quarter. 77.97% of the stock is currently owned by institutional investors and hedge funds.

Shares of Twilio stock opened at $111.82 on Friday. The stock’s 50-day simple moving average is $148.44 and its 200-day simple moving average is $220.52. Twilio has a 52 week low of $109.68 and a 52 week high of $412.68. The company has a market capitalization of $20.30 billion, a price-to-earnings ratio of -20.56 and a beta of 1.37. The company has a quick ratio of 8.43, a current ratio of 8.43 and a debt-to-equity ratio of 0.09.

Twilio Company Profile (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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