Twilio (NYSE:TWLO) Issues Q2 Earnings Guidance

Twilio (NYSE:TWLO) updated its second quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.64-0.68 for the period, compared to the consensus EPS estimate of $0.65. The company issued revenue guidance of $1.05-1.06 billion, compared to the consensus revenue estimate of $1.08 billion.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TWLO shares. HSBC downgraded Twilio from a hold rating to a reduce rating and reduced their price target for the stock from $62.00 to $61.00 in a report on Wednesday, February 14th. Jefferies Financial Group cut their price target on shares of Twilio from $65.00 to $60.00 and set a hold rating on the stock in a report on Wednesday, March 6th. Oppenheimer reiterated an outperform rating and set a $75.00 price objective on shares of Twilio in a report on Wednesday, April 17th. Royal Bank of Canada reaffirmed an underperform rating and set a $50.00 target price on shares of Twilio in a research report on Wednesday, March 6th. Finally, Barclays boosted their price target on Twilio from $60.00 to $70.00 and gave the company an equal weight rating in a report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $68.90.

Twilio Price Performance

Shares of NYSE TWLO traded up $0.02 during mid-day trading on Tuesday, reaching $63.33. The company’s stock had a trading volume of 4,840,165 shares, compared to its average volume of 3,163,057. The stock has a 50-day moving average of $60.72 and a two-hundred day moving average of $64.38. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64. The stock has a market capitalization of $11.53 billion, a P/E ratio of -11.43 and a beta of 1.33. Twilio has a 1-year low of $45.02 and a 1-year high of $78.16.

Twilio (NYSE:TWLO) last released 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. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. On average, equities research analysts anticipate that Twilio will post -0.11 EPS for the current fiscal year.

Insider Activity

In related news, CEO Khozema Shipchandler sold 10,961 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.13, for a total transaction of $681,006.93. Following the completion of the sale, the chief executive officer now directly owns 335,982 shares of the company’s stock, valued at approximately $20,874,561.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Khozema Shipchandler sold 10,961 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $62.13, for a total transaction of $681,006.93. Following the completion of the transaction, the chief executive officer now owns 335,982 shares of the company’s stock, valued at approximately $20,874,561.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dana Wagner sold 458 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $55.71, for a total value of $25,515.18. Following the transaction, the insider now owns 171,744 shares of the company’s stock, valued at $9,567,858.24. The disclosure for this sale can be found here. Insiders sold a total of 30,958 shares of company stock valued at $1,910,447 in the last 90 days. Company insiders own 4.20% of the company’s stock.

Twilio Company Profile

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.