Zacks: Brokerages Anticipate Twilio Inc. (NYSE:TWLO) Will Announce Quarterly Sales of $533.44 Million

Equities research analysts expect that Twilio Inc. (NYSE:TWLO) will report sales of $533.44 million for the current fiscal quarter, according to Zacks. Ten analysts have provided estimates for Twilio’s earnings. The highest sales estimate is $538.90 million and the lowest is $529.06 million. Twilio posted sales of $364.87 million in the same quarter last year, which would indicate a positive year over year growth rate of 46.2%. The firm is expected to announce its next earnings report on Wednesday, May 5th.

According to Zacks, analysts expect that Twilio will report full-year sales of $2.41 billion for the current year, with estimates ranging from $2.22 billion to $2.51 billion. For the next fiscal year, analysts expect that the business will report sales of $3.13 billion, with estimates ranging from $2.88 billion to $3.40 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Twilio.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Wednesday, February 17th. The technology company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.51) by $0.55. Twilio had a negative return on equity of 5.43% and a negative net margin of 26.01%. The company had revenue of $548.09 million for the quarter, compared to analysts’ expectations of $454.64 million.

Several brokerages have issued reports on TWLO. Canaccord Genuity raised their target price on Twilio from $385.00 to $510.00 and gave the stock a “buy” rating in a research report on Thursday, February 25th. Rosenblatt Securities raised their target price on Twilio from $450.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, February 25th. JPMorgan Chase & Co. raised their target price on Twilio from $465.00 to $475.00 and gave the stock an “overweight” rating in a research report on Thursday, February 25th. Zacks Investment Research raised Twilio from a “sell” rating to a “hold” rating and set a $409.00 price objective on the stock in a research report on Thursday, February 4th. Finally, Morgan Stanley lifted their price objective on Twilio from $370.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, February 25th. Two research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $442.36.

NYSE:TWLO traded up $14.66 on Monday, hitting $367.77. The stock had a trading volume of 36,092 shares, compared to its average volume of 2,288,588. The stock has a market cap of $62.70 billion, a price-to-earnings ratio of -129.29 and a beta of 1.51. The company has a quick ratio of 10.94, a current ratio of 10.94 and a debt-to-equity ratio of 0.08. The business’s 50-day simple moving average is $367.11 and its two-hundred day simple moving average is $337.89. Twilio has a 52-week low of $88.15 and a 52-week high of $457.30.

In other Twilio news, General Counsel Karyn Smith sold 502 shares of Twilio stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $355.00, for a total value of $178,210.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jeff Lawson sold 49,500 shares of Twilio stock in a transaction that occurred on Tuesday, January 19th. The stock was sold at an average price of $384.42, for a total value of $19,028,790.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 207,884 shares of company stock worth $81,943,810. Corporate insiders own 6.68% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in TWLO. The Manufacturers Life Insurance Company increased its position in shares of Twilio by 28.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,681 shares of the technology company’s stock valued at $909,000 after purchasing an additional 819 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Twilio by 11,150.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 225 shares of the technology company’s stock valued at $56,000 after purchasing an additional 223 shares during the last quarter. Guggenheim Capital LLC increased its position in shares of Twilio by 103.7% during the 3rd quarter. Guggenheim Capital LLC now owns 11,210 shares of the technology company’s stock valued at $2,770,000 after purchasing an additional 5,707 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Twilio by 3.1% during the 3rd quarter. ProShare Advisors LLC now owns 6,099 shares of the technology company’s stock valued at $1,507,000 after purchasing an additional 184 shares during the last quarter. Finally, Wetherby Asset Management Inc. increased its position in shares of Twilio by 25.8% during the 3rd quarter. Wetherby Asset Management Inc. now owns 2,190 shares of the technology company’s stock valued at $541,000 after purchasing an additional 449 shares during the last quarter. 82.51% of the stock is currently owned by institutional investors and hedge funds.

Twilio Company Profile

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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Earnings History and Estimates for Twilio (NYSE:TWLO)

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