Twilio (TWLO) to Release Quarterly Earnings on Tuesday

Twilio (NYSE:TWLO) is set to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Twilio has set its Q1 guidance at $0.56-0.60 EPS and its Q1 2024 guidance at 0.560-0.600 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Twilio (NYSE:TWLO) last posted its earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.17. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.04 billion. On average, analysts expect Twilio to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Twilio Price Performance

TWLO stock opened at $61.89 on Monday. Twilio has a 52 week low of $45.02 and a 52 week high of $78.16. The firm has a market capitalization of $11.20 billion, a P/E ratio of -11.17 and a beta of 1.33. The company has a fifty day simple moving average of $60.50 and a two-hundred day simple moving average of $64.25. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 0.10.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. The Goldman Sachs Group increased their price target on Twilio from $69.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. Oppenheimer restated an “outperform” rating and issued a $75.00 target price on shares of Twilio in a report on Wednesday, April 17th. Jefferies Financial Group cut their price target on shares of Twilio from $65.00 to $60.00 and set a “hold” rating on the stock in a report on Wednesday, March 6th. Stifel Nicolaus decreased their price objective on shares of Twilio from $70.00 to $60.00 and set a “hold” rating for the company in a research note on Wednesday, March 6th. Finally, Northland Securities cut Twilio from an “outperform” rating to a “market perform” rating and set a $66.00 target price on the stock. in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $68.90.

Insiders Place Their Bets

In related news, insider Dana Wagner sold 458 shares of Twilio stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $55.71, for a total transaction of $25,515.18. Following the transaction, the insider now directly owns 171,744 shares of the company’s stock, valued at $9,567,858.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Twilio news, CFO Aidan Viggiano sold 1,694 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $63.01, for a total transaction of $106,738.94. Following the completion of the sale, the chief financial officer now directly owns 167,101 shares of the company’s stock, valued at $10,529,034.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Dana Wagner sold 458 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $55.71, for a total transaction of $25,515.18. Following the completion of the sale, the insider now owns 171,744 shares in the company, valued at $9,567,858.24. The disclosure for this sale can be found here. Insiders have sold a total of 30,958 shares of company stock worth $1,910,447 in the last three months. Corporate insiders own 4.20% 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.