Twilio (NYSE:TWLO) Releases Q2 2024 Earnings Guidance

Twilio (NYSE:TWLO - Get Free Report) issued an update on its second quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.640-0.680 for the period, compared to the consensus EPS estimate of 0.620. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion.

Analysts Set New Price Targets

TWLO has been the subject of a number of recent analyst reports. Oppenheimer reaffirmed an outperform rating and issued a $75.00 price objective on shares of Twilio in a research note on Wednesday, April 17th. Sanford C. Bernstein cut their price objective on shares of Twilio from $70.00 to $68.00 and set a market perform rating for the company in a report on Wednesday. The Goldman Sachs Group upped their target price on shares of Twilio from $69.00 to $70.00 and gave the stock a neutral rating in a research report on Wednesday, March 6th. HSBC downgraded shares of Twilio from a hold rating to a reduce rating and reduced their price target for the company from $62.00 to $61.00 in a report on Wednesday, February 14th. Finally, Barclays increased their price objective on shares of Twilio from $60.00 to $70.00 and gave the company an equal weight rating in a report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Twilio presently has a consensus rating of Hold and a consensus price target of $68.59.

Twilio Trading Down 7.5 %

Twilio stock traded down $4.76 during trading hours on Wednesday, hitting $58.61. The company had a trading volume of 8,831,348 shares, compared to its average volume of 3,228,315. The firm has a market cap of $10.67 billion, a P/E ratio of -10.58 and a beta of 1.33. The company has a 50-day moving average price of $60.72 and a two-hundred day moving average price of $64.38. Twilio has a 1 year low of $45.02 and a 1 year high of $78.16. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The technology company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.17. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. On average, sell-side analysts anticipate that Twilio will post -0.11 earnings per share for the current year.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 10,961 shares of the business's stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $62.13, for a total value of $681,006.93. Following the completion of the transaction, the chief executive officer now directly owns 335,982 shares in the company, valued at $20,874,561.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Khozema Shipchandler sold 10,961 shares of the firm's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $62.13, for a total value of $681,006.93. Following the completion of the sale, the chief executive officer now owns 335,982 shares of the company's stock, valued at approximately $20,874,561.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 1,694 shares of the company's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $63.01, for a total value of $106,738.94. Following the transaction, the chief financial officer now directly owns 167,101 shares in the company, valued at $10,529,034.01. The disclosure for this sale can be found here. Insiders sold 30,958 shares of company stock valued at $1,910,447 over the last 90 days. Corporate 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.