Twilio Inc. (TWLO) Issues FY17 Earnings Guidance

Twilio Inc. (NYSE:TWLO) updated its FY17 earnings guidance on Monday. The company provided EPS guidance of ($0.24-0.22) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.29). The company issued revenue guidance of $371-375 million, compared to the consensus revenue estimate of $359.77 million.Twilio also updated its Q3 guidance to ($0.07-0.08) EPS.

Several brokerages have recently commented on TWLO. Argus reiterated a hold rating on shares of Twilio in a report on Friday. Zacks Investment Research lowered Twilio from a buy rating to a hold rating in a report on Friday, August 11th. Goldman Sachs Group, Inc. (The) reiterated a sell rating and set a $33.00 price objective (up previously from $30.00) on shares of Twilio in a report on Wednesday, August 9th. Drexel Hamilton reiterated a buy rating and set a $47.00 price objective (up previously from $44.00) on shares of Twilio in a report on Wednesday, August 9th. Finally, Canaccord Genuity increased their price objective on Twilio from $32.00 to $38.00 and gave the company a buy rating in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of $37.25.

Twilio Inc. (NYSE TWLO) traded down 1.35% during trading on Friday, hitting $29.91. The company had a trading volume of 1,409,815 shares. Twilio Inc. has a 52-week low of $22.80 and a 52-week high of $70.96. The firm’s 50 day moving average is $30.16 and its 200-day moving average is $29.19. The stock’s market capitalization is $2.75 billion.

Twilio (NYSE:TWLO) last announced its earnings results on Monday, August 7th. The technology company reported ($0.20) EPS for the quarter, meeting analysts’ consensus estimates of ($0.20). Twilio had a negative net margin of 13.42% and a negative return on equity of 15.40%. The business had revenue of $95.90 million during the quarter, compared to analysts’ expectations of $86.28 million. During the same period in the prior year, the company earned ($0.08) earnings per share. The business’s revenue was up 48.7% compared to the same quarter last year. On average, equities analysts forecast that Twilio Inc. will post ($0.23) earnings per share for the current year.

In other news, CFO Lee Kirkpatrick sold 10,851 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $25.73, for a total value of $279,196.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard L. Dalzell sold 2,500 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $31.18, for a total transaction of $77,950.00. The disclosure for this sale can be found here. Insiders sold 53,157 shares of company stock valued at $1,558,012 over the last ninety days.

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About Twilio

Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).

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