Twilio (NYSE:TWLO) Updates Q3 Earnings Guidance

Twilio (NYSE:TWLO) updated its third quarter earnings guidance on Thursday. The company provided EPS guidance of $0.81-0.86 for the period, compared to the consensus EPS estimate of $0.74. The company issued revenue guidance of $1.085-1.095 billion, compared to the consensus revenue estimate of $1.09 billion.

Twilio Price Performance

Shares of TWLO stock traded down $2.86 during mid-day trading on Thursday, hitting $56.27. 3,264,865 shares of the stock traded hands, compared to its average volume of 2,872,508. The company’s 50-day simple moving average is $57.05 and its 200-day simple moving average is $61.04. The firm has a market cap of $9.63 billion, a price-to-earnings ratio of -14.75, a price-to-earnings-growth ratio of 8.24 and a beta of 1.35. Twilio has a twelve month low of $49.86 and a twelve month high of $78.16. The company has a debt-to-equity ratio of 0.11, a quick ratio of 6.55 and a current ratio of 6.55.

Twilio (NYSE:TWLO) last issued its earnings results on Tuesday, May 7th. The technology company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.15. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Twilio had a negative return on equity of 0.89% and a negative net margin of 17.37%. As a group, equities research analysts expect that Twilio will post 0.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TWLO. Robert W. Baird decreased their price target on Twilio from $70.00 to $65.00 and set a neutral rating on the stock in a report on Wednesday, May 8th. StockNews.com upgraded shares of Twilio from a hold rating to a buy rating in a research note on Sunday. Macquarie lowered their target price on Twilio from $69.00 to $63.00 and set a neutral rating on the stock in a research note on Wednesday, May 8th. Tigress Financial initiated coverage on shares of Twilio in a research report on Friday, June 28th. They set a buy rating and a $75.00 target price on the stock. Finally, Sanford C. Bernstein cut their price objective on shares of Twilio from $70.00 to $68.00 and set a market perform rating for the company in a research report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Twilio presently has a consensus rating of Hold and an average target price of $69.38.

Insider Buying and Selling at Twilio

In related news, CFO Aidan Viggiano sold 956 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $61.69, for a total transaction of $58,975.64. Following the transaction, the chief financial officer now owns 228,506 shares of the company’s stock, valued at $14,096,535.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Aidan Viggiano sold 956 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $61.69, for a total value of $58,975.64. Following the sale, the chief financial officer now directly owns 228,506 shares of the company’s stock, valued at $14,096,535.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dana Wagner sold 820 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $56.26, for a total transaction of $46,133.20. Following the sale, the insider now owns 159,317 shares of the company’s stock, valued at $8,963,174.42. The disclosure for this sale can be found here. Insiders have sold 66,967 shares of company stock worth $3,796,221 over the last three months. Insiders own 4.50% 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.