Twilio (NYSE: TWLO) will report its results after market close on Wednesday, October 27. Analysts expect Twilio to post earnings of $ 0.79 per share for the quarter. Twilio set its forecast for the third quarter of 2021 at $ -0.170 – $ 0.140 EPS. Those interested in registering for the corporate earnings conference call can do so using this link.
Twilio (NYSE: TWLO) last released its quarterly results on Thursday, July 29. The tech company announced ($ 0.11) EPS for the quarter, beating Thomson Reuters consensus estimate ($ 0.13) by $ 0.02. The company posted revenue of $ 668.93 million in the quarter, compared to analysts’ estimates of $ 597.74 million. Twilio had a negative net margin of 32.40% and a negative return on equity of 5.92%. On average, analysts expect Twilio to post EPS of $ 3 for the current fiscal year and $ 3 for the next fiscal year.
TWLO stock opened at $ 365.03 on Wednesday. The company has a market cap of $ 64.67 billion, a price-to-earnings ratio of -81.66 and a beta of 1.45. The company has a 50-day simple moving average of $ 344.96 and a two-hundred-day simple moving average of $ 353.91. Twilio has a one-year low of $ 254.82 and a one-year high of $ 457.30. The company has a debt ratio of 0.09, a rapid ratio of 10.93 and a current ratio of 10.93.
Several equity analysts recently commented on TWLO shares. KeyCorp raised its price target for Twilio shares from $ 424.00 to $ 445.00 and assigned the company an “overweight” rating in a research report released Thursday, July 29. Jefferies Financial Group increased its price target for Twilio shares from $ 415.00 to $ 450.00 and gave the stock a “buy” rating in a report released on Friday, July 30. Mizuho raised his price target for Twilio shares from $ 400.00 to $ 430.00 and gave the stock a “buy” rating in a research note on Friday, July 30. Needham & Company LLC raised its price target for the Twilio stock from $ 430.00 to $ 460.00 and assigned the stock a “buy” rating in a research note on Friday, July 30. Finally, Wolfe Research raised its price target for Twilio shares from $ 440.00 to $ 480.00 and rated the stock as “outperforming” in a research note on Monday, July 12. Two analysts rated the stock with a conservation rating and twenty-three issued a buy rating for the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $ 467.65.
In other Twilio news, director Richard L. Dalzell sold 1,500 shares of the company in a trade on Tuesday, August 17. The stock was sold for an average price of $ 344.00, for a total value of $ 516,000.00. As a result of the sale, the director now owns 14,436 shares of the company, valued at $ 4,965,984. The transaction was disclosed in a file with the Securities & Exchange Commission, accessible through the SEC website. Additionally, General Counsel Karyn Smith sold 465 shares in a trade on Thursday, September 30. The shares were sold for an average price of $ 314.29, for a total value of $ 146,144.85. Disclosure of this sale can be found here. During the last quarter, insiders sold 136,743 shares of the company valued at $ 48,878,612. 4.96% of the shares are held by insiders of the company.
An institutional investor recently increased his position in Twilio stock. Morgan Stanley increased its holdings of Twilio Inc. (NYSE: TWLO) shares by 1.4% in the 2nd quarter, according to its latest Form 13F filed with the Securities and Exchange Commission. The company held 10,978,417 shares of the tech company after purchasing an additional 152,151 shares during the quarter. Twilio comprises around 0.6% of Morgan Stanley’s portfolio, making the stock its 24th largest holding. Morgan Stanley owned approximately 6.20% of Twilio for a value of $ 4,327,253,000 at the time of its last filing with the SEC. 77.67% of the shares are held by institutional investors.
Twilio, Inc is dedicated to the development of communications software, cloud platforms and services. Its products include Twilio flex, messaging, programmable voice, programmable video, elastic SIP trunks, and IoT. The company was founded by John Wolthuis, Jeffery G. Lawson, and Evan Cooke in March 2008 and is headquartered in San Francisco, California.
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