Twilio (TWLO) Scheduled to Post Quarterly Earnings on Tuesday

Twilio (NYSE:TWLO) is scheduled to announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Twilio has set its Q1 guidance at $0.56-0.60 EPS and its Q1 2024 guidance at 0.560-0.600 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Twilio (NYSE:TWLO) last posted its earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.17. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.04 billion. On average, analysts expect Twilio to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Twilio Trading Up 0.6 %

TWLO stock opened at $61.27 on Tuesday. Twilio has a 52 week low of $45.02 and a 52 week high of $78.16. The company has a market capitalization of $11.09 billion, a PE ratio of -11.06 and a beta of 1.35. The company’s 50-day simple moving average is $60.16 and its 200 day simple moving average is $64.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TWLO shares. StockNews.com lowered shares of Twilio from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. The Goldman Sachs Group raised their target price on shares of Twilio from $69.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. HSBC downgraded shares of Twilio from a “hold” rating to a “reduce” rating and cut their price target for the stock from $62.00 to $61.00 in a report on Wednesday, February 14th. JMP Securities reissued a “market outperform” rating and issued a $110.00 price objective on shares of Twilio in a research note on Thursday, February 15th. Finally, Piper Sandler upgraded Twilio from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $75.00 to $82.00 in a research note on Friday, January 12th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $68.90.

Insider Activity

In related news, insider Dana Wagner sold 841 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $61.43, for a total value of $51,662.63. Following the completion of the sale, the insider now directly owns 166,773 shares in the company, valued at $10,244,865.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Dana Wagner sold 841 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $61.43, for a total value of $51,662.63. Following the sale, the insider now directly owns 166,773 shares in the company, valued at $10,244,865.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $55.71, for a total transaction of $66,852.00. Following the transaction, the chief financial officer now owns 241,044 shares of the company’s stock, valued at approximately $13,428,561.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,958 shares of company stock valued at $1,910,447. Insiders own 4.20% of the company’s stock.

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.