Zacks: Analysts Expect Bottomline Technologies (EPAY) Will Post Earnings of $0.35 Per Share

Equities research analysts forecast that Bottomline Technologies (NASDAQ:EPAY) will post $0.35 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Bottomline Technologies’ earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.34. Bottomline Technologies posted earnings per share of $0.31 in the same quarter last year, which would suggest a positive year over year growth rate of 12.9%. The company is expected to announce its next quarterly earnings report on Thursday, February 7th.

According to Zacks, analysts expect that Bottomline Technologies will report full-year earnings of $1.45 per share for the current year, with EPS estimates ranging from $1.44 to $1.48. For the next year, analysts anticipate that the firm will report earnings of $1.71 per share, with EPS estimates ranging from $1.66 to $1.80. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Bottomline Technologies.

Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings data on Thursday, November 8th. The technology company reported $0.33 earnings per share for the quarter, meeting the consensus estimate of $0.33. The company had revenue of $102.44 million during the quarter, compared to analysts’ expectations of $99.90 million. Bottomline Technologies had a return on equity of 9.56% and a net margin of 3.43%. Bottomline Technologies’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 earnings per share.

Several brokerages recently commented on EPAY. TheStreet raised Bottomline Technologies from a “c+” rating to a “b” rating in a research report on Friday, August 10th. Zacks Investment Research cut Bottomline Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Citigroup raised their target price on Bottomline Technologies from $58.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. Craig Hallum reaffirmed a “buy” rating and issued a $63.00 target price on shares of Bottomline Technologies in a research report on Friday, August 10th. Finally, BidaskClub raised Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. Bottomline Technologies has an average rating of “Buy” and an average price target of $64.25.

Shares of EPAY stock opened at $50.20 on Wednesday. The firm has a market capitalization of $2.21 billion, a P/E ratio of 69.18, a PEG ratio of 6.80 and a beta of 0.89. Bottomline Technologies has a one year low of $33.30 and a one year high of $74.05. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.74 and a quick ratio of 1.74.

In other Bottomline Technologies news, insider Nigel K. Savory sold 5,926 shares of Bottomline Technologies stock in a transaction on Monday, September 10th. The stock was sold at an average price of $67.14, for a total transaction of $397,871.64. Following the completion of the transaction, the insider now directly owns 135,140 shares of the company’s stock, valued at $9,073,299.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Norman J. Deluca sold 7,491 shares of Bottomline Technologies stock in a transaction on Monday, November 5th. The shares were sold at an average price of $64.66, for a total value of $484,368.06. Following the transaction, the insider now directly owns 86,050 shares of the company’s stock, valued at $5,563,993. The disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in shares of Bottomline Technologies by 6.4% during the third quarter. BlackRock Inc. now owns 5,528,898 shares of the technology company’s stock valued at $402,006,000 after acquiring an additional 331,293 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Bottomline Technologies by 6.1% during the third quarter. Vanguard Group Inc. now owns 4,081,808 shares of the technology company’s stock valued at $296,788,000 after acquiring an additional 233,817 shares during the period. Capital World Investors lifted its holdings in shares of Bottomline Technologies by 34.5% during the third quarter. Capital World Investors now owns 3,656,000 shares of the technology company’s stock valued at $265,828,000 after acquiring an additional 938,049 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Bottomline Technologies by 4.9% during the second quarter. Janus Henderson Group PLC now owns 865,213 shares of the technology company’s stock valued at $43,114,000 after acquiring an additional 40,626 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Bottomline Technologies by 0.3% during the third quarter. Bank of New York Mellon Corp now owns 558,683 shares of the technology company’s stock valued at $40,622,000 after acquiring an additional 1,505 shares during the period. 89.72% of the stock is owned by institutional investors.

Bottomline Technologies Company Profile

Bottomline Technologies (de), Inc provides software as a service based solutions. It operates through four segments: Cloud Solutions, Banking Solutions, Payments and Transactional Documents, and Other. The company's products and services include Paymode-X, a cloud-based payment network, which allows businesses to transition to electronic integrated payables; and cloud-based financial messaging solutions that enable banks and corporations to exchange financial information, such as payment instructions, cash reporting, and other messages to facilitate transaction settlement.

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