Twilio (TWLO) Set to Announce Quarterly Earnings on Wednesday

Twilio (NYSE:TWLO) is scheduled to post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Twilio to post earnings of $0.87 per share for the quarter. Twilio has set its Q3 guidance at $0.81-0.86 EPS and its Q3 2024 guidance at 0.810-0.860 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Twilio (NYSE:TWLO) last posted its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.17. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. Twilio’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm earned ($0.23) earnings per share. On average, analysts expect Twilio to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Twilio Stock Down 1.1 %

NYSE TWLO opened at $70.47 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57. The stock has a market capitalization of $12.06 billion, a PE ratio of -17.57, a PEG ratio of 4.02 and a beta of 1.35. Twilio has a 1 year low of $49.86 and a 1 year high of $78.16. The business’s 50-day moving average is $64.27 and its 200 day moving average is $60.59.

Insider Buying and Selling

In related news, CEO Khozema Shipchandler sold 11,073 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $720,077.19. Following the completion of the transaction, the chief executive officer now directly owns 278,134 shares in the company, valued at $18,087,054.02. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Twilio news, insider Dana Wagner sold 1,989 shares of Twilio stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $60.69, for a total value of $120,712.41. Following the completion of the sale, the insider now owns 157,328 shares of the company’s stock, valued at approximately $9,548,236.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction of $720,077.19. Following the completion of the sale, the chief executive officer now directly owns 278,134 shares of the company’s stock, valued at approximately $18,087,054.02. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,906 shares of company stock worth $3,388,596 in the last three months. Insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

TWLO has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Barclays lowered their price objective on shares of Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, August 5th. Sanford C. Bernstein raised their price objective on shares of Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Tuesday, August 27th. JMP Securities restated a “market outperform” rating and issued a $110.00 price objective on shares of Twilio in a report on Tuesday, October 8th. Finally, Tigress Financial raised their price objective on shares of Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $71.48.

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.