Equities research analysts expect Bottomline Technologies (NASDAQ:EPAY) to report sales of $96.78 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Bottomline Technologies’ earnings, with the highest sales estimate coming in at $97.12 million and the lowest estimate coming in at $96.30 million. Bottomline Technologies reported sales of $86.10 million during the same quarter last year, which would suggest a positive year over year growth rate of 12.4%. The business is expected to issue its next quarterly earnings results on Thursday, April 26th.
On average, analysts expect that Bottomline Technologies will report full-year sales of $96.78 million for the current fiscal year, with estimates ranging from $384.28 million to $386.00 million. For the next fiscal year, analysts anticipate that the firm will report sales of $420.82 million per share, with estimates ranging from $409.80 million to $428.58 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Bottomline Technologies.
Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings data on Thursday, February 1st. The technology company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. Bottomline Technologies had a negative net margin of 3.67% and a positive return on equity of 7.20%. The company had revenue of $95.20 million during the quarter, compared to analyst estimates of $92.51 million. During the same quarter last year, the business posted $0.26 EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis.
A number of equities research analysts recently weighed in on EPAY shares. Zacks Investment Research upgraded shares of Bottomline Technologies from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Wednesday, November 8th. Needham & Company LLC lifted their price objective on shares of Bottomline Technologies to $45.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, BidaskClub upgraded shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Bottomline Technologies presently has an average rating of “Buy” and an average target price of $35.40.
Shares of Bottomline Technologies (NASDAQ:EPAY) traded up $0.26 on Thursday, reaching $37.59. 134,272 shares of the company were exchanged, compared to its average volume of 336,696. Bottomline Technologies has a one year low of $21.52 and a one year high of $39.50. The company has a market cap of $1,529.16, a price-to-earnings ratio of -107.40 and a beta of 1.12. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.53.
In other Bottomline Technologies news, insider Norman J. Deluca sold 9,708 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $33.58, for a total transaction of $325,994.64. Following the transaction, the insider now owns 89,925 shares of the company’s stock, valued at approximately $3,019,681.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter Gibson bought 2,000 shares of the business’s stock in a transaction on Monday, December 11th. The shares were acquired at an average cost of $33.85 per share, for a total transaction of $67,700.00. Following the transaction, the director now directly owns 16,000 shares in the company, valued at approximately $541,600. The disclosure for this purchase can be found here. Insiders have sold a total of 48,387 shares of company stock valued at $1,662,130 in the last quarter. 2.40% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Xact Kapitalforvaltning AB purchased a new position in Bottomline Technologies during the 4th quarter valued at about $205,000. Macquarie Group Ltd. purchased a new position in Bottomline Technologies during the 3rd quarter valued at about $204,000. Crossmark Global Holdings Inc. purchased a new position in Bottomline Technologies during the 3rd quarter valued at about $217,000. FDx Advisors Inc. purchased a new position in Bottomline Technologies during the 3rd quarter valued at about $227,000. Finally, Alambic Investment Management L.P. purchased a new position in Bottomline Technologies during the 4th quarter valued at about $264,000. 97.13% of the stock is currently owned by institutional investors and hedge funds.
Bottomline Technologies Company Profile
Bottomline Technologies (de), Inc is engaged in providing a set of cloud-based business payment, digital banking, fraud prevention, payment and financial document solutions. The Company helps businesses pay and get paid. It offers hosted or Software as a Service (SaaS) solutions, as well as software designed to run on-site at the customer’s location.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Bottomline Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bottomline Technologies and related companies with MarketBeat.com's FREE daily email newsletter.