Analysts expect Twilio Inc. (NYSE:TWLO) to report earnings of ($0.08) per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Twilio’s earnings. The highest EPS estimate is ($0.07) and the lowest is ($0.08). Twilio posted earnings per share of ($0.04) in the same quarter last year, which indicates a negative year-over-year growth rate of 100%. The firm is scheduled to report its next earnings results on Thursday, November 2nd.

According to Zacks, analysts expect that Twilio will report full-year earnings of ($0.23) per share for the current fiscal year, with EPS estimates ranging from ($0.23) to ($0.21). For the next fiscal year, analysts anticipate that the firm will post earnings of ($0.09) per share, with EPS estimates ranging from ($0.18) to $0.03. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that cover Twilio.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Monday, August 7th. The technology company reported ($0.20) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.20). Twilio had a negative return on equity of 15.40% and a negative net margin of 13.42%. The business had revenue of $95.90 million for the quarter, compared to analysts’ expectations of $86.28 million. During the same quarter in the prior year, the business earned ($0.08) EPS. The firm’s revenue for the quarter was up 48.7% on a year-over-year basis.

A number of brokerages have recently commented on TWLO. Drexel Hamilton reaffirmed a “buy” rating and set a $47.00 price target (up previously from $44.00) on shares of Twilio in a research report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and set a $33.00 price target (up previously from $30.00) on shares of Twilio in a research report on Wednesday, August 9th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $38.00 price target on shares of Twilio in a research report on Monday, September 18th. KeyCorp reaffirmed a “hold” rating on shares of Twilio in a research report on Tuesday, September 19th. Finally, Northland Securities reaffirmed a “buy” rating and set a $36.00 price target on shares of Twilio in a research report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Twilio presently has an average rating of “Buy” and a consensus price target of $37.50.

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In other Twilio news, CFO Lee Kirkpatrick sold 16,000 shares of the company’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $29.86, for a total value of $477,760.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Richard L. Dalzell sold 2,500 shares of the company’s stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $30.01, for a total value of $75,025.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,348 shares of company stock worth $1,873,873.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC increased its stake in Twilio by 19.8% in the 2nd quarter. FMR LLC now owns 9,259,375 shares of the technology company’s stock worth $269,541,000 after acquiring an additional 1,528,512 shares during the last quarter. Vanguard Group Inc. increased its stake in Twilio by 21.1% in the 2nd quarter. Vanguard Group Inc. now owns 4,212,606 shares of the technology company’s stock worth $122,629,000 after acquiring an additional 734,659 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Twilio by 26.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,854,787 shares of the technology company’s stock worth $112,213,000 after acquiring an additional 815,890 shares during the last quarter. Coatue Management LLC increased its stake in Twilio by 329.4% in the 2nd quarter. Coatue Management LLC now owns 1,857,746 shares of the technology company’s stock worth $54,079,000 after acquiring an additional 1,425,085 shares during the last quarter. Finally, Foxhaven Asset Management LP increased its stake in Twilio by 1,068.4% in the 2nd quarter. Foxhaven Asset Management LP now owns 1,399,696 shares of the technology company’s stock worth $40,745,000 after acquiring an additional 1,279,896 shares during the last quarter. Institutional investors and hedge funds own 58.11% of the company’s stock.

Twilio (TWLO) traded up 5.89% during midday trading on Friday, reaching $29.14. The company had a trading volume of 4,743,103 shares. Twilio has a 12-month low of $25.98 and a 12-month high of $70.96. The firm’s market capitalization is $2.68 billion. The stock’s 50 day moving average is $30.80 and its 200 day moving average is $30.80.

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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