Wall Street analysts forecast that Twilio Inc (NYSE:TWLO) will report earnings per share of ($0.05) for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Twilio’s earnings, with the highest EPS estimate coming in at ($0.04) and the lowest estimate coming in at ($0.07). Twilio posted earnings per share of ($0.04) in the same quarter last year, which would indicate a negative year over year growth rate of 25%. The firm is expected to report its next earnings results on Tuesday, May 1st.
On average, analysts expect that Twilio will report full year earnings of ($0.11) per share for the current fiscal year, with EPS estimates ranging from ($0.19) to ($0.05). For the next fiscal year, analysts anticipate that the company will post earnings of $0.04 per share, with EPS estimates ranging from ($0.09) to $0.18. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Twilio.
A number of research analysts have recently issued reports on TWLO shares. Robert W. Baird reiterated a “buy” rating and issued a $37.00 target price on shares of Twilio in a research note on Friday, November 10th. Zacks Investment Research cut shares of Twilio from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. Northland Securities set a $36.00 target price on shares of Twilio and gave the company a “buy” rating in a research note on Monday, November 13th. Oppenheimer reiterated a “buy” rating and issued a $38.00 target price on shares of Twilio in a research note on Tuesday, January 2nd. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $38.00 target price on shares of Twilio in a research note on Wednesday, December 6th. One analyst has rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Twilio currently has an average rating of “Buy” and an average price target of $36.75.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC grew its holdings in Twilio by 1,297.6% during the 4th quarter. Millennium Management LLC now owns 395,878 shares of the technology company’s stock worth $9,343,000 after acquiring an additional 367,553 shares during the period. Sciencast Management LP acquired a new stake in Twilio during the 4th quarter worth $294,000. Teachers Advisors LLC grew its holdings in Twilio by 1.1% during the 4th quarter. Teachers Advisors LLC now owns 178,200 shares of the technology company’s stock worth $4,206,000 after acquiring an additional 1,964 shares during the period. Raymond James & Associates grew its holdings in Twilio by 372.0% during the 4th quarter. Raymond James & Associates now owns 96,493 shares of the technology company’s stock worth $2,277,000 after acquiring an additional 76,051 shares during the period. Finally, Kopp Investment Advisors LLC acquired a new stake in Twilio during the 4th quarter worth $1,616,000. 59.99% of the stock is owned by hedge funds and other institutional investors.
Twilio (NYSE:TWLO) opened at $30.72 on Thursday. Twilio has a one year low of $22.80 and a one year high of $34.74. The stock has a market cap of $2,860.00 and a P/E ratio of -42.08.
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Twilio Company Profile
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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