Twilio (TWLO) to Release Quarterly Earnings on Tuesday

Twilio (NYSE:TWLO - Get Free Report) 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.Parties that are interested in participating in the company's conference call can do so using this link.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate 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 Stock Performance

NYSE TWLO traded down $1.38 during mid-day trading on Tuesday, reaching $59.88. 1,781,448 shares of the stock were exchanged, compared to its average volume of 3,193,138. The business's 50 day moving average is $60.16 and its 200-day moving average is $64.13. Twilio has a 1 year low of $45.02 and a 1 year high of $78.16. The company has a market capitalization of $10.84 billion, a P/E ratio of -10.81 and a beta of 1.35. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64.

Analyst Upgrades and Downgrades

TWLO has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of Twilio from $60.00 to $70.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 24th. Oppenheimer reiterated an "outperform" rating and issued a $75.00 target price on shares of Twilio in a research report on Wednesday, April 17th. HSBC lowered shares of Twilio from a "hold" rating to a "reduce" rating and dropped their target price for the company from $62.00 to $61.00 in a research report on Wednesday, February 14th. Wells Fargo & Company decreased their target price on Twilio from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 6th. Finally, Royal Bank of Canada restated an "underperform" rating and issued a $50.00 target price on shares of Twilio in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $68.90.

Insider Activity at Twilio

In related news, CFO Aidan Viggiano sold 1,694 shares of Twilio stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $63.01, for a total value of $106,738.94. Following the completion of the transaction, the chief financial officer now directly owns 167,101 shares in the company, valued at $10,529,034.01. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Twilio news, insider Dana Wagner sold 841 shares of Twilio stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $61.43, for a total transaction of $51,662.63. Following the completion of the sale, the insider now directly owns 166,773 shares of the company's stock, valued at approximately $10,244,865.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Aidan Viggiano sold 1,694 shares of Twilio stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $63.01, for a total value of $106,738.94. Following the sale, the chief financial officer now directly owns 167,101 shares of the company's stock, valued at $10,529,034.01. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,958 shares of company stock worth $1,910,447. Company insiders own 4.20% of the company's stock.

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.