Twilio (NYSE:TWLO) Releases Q1 2024 Earnings Guidance

Twilio (NYSE:TWLOGet Free Report) updated its first quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.560-0.600 for the period, compared to the consensus estimate of 0.590. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. JMP Securities reiterated a market outperform rating and issued a $110.00 price objective on shares of Twilio in a report on Thursday, February 15th. StockNews.com lowered shares of Twilio from a buy rating to a hold rating in a report on Wednesday, March 6th. Barclays raised 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. Stifel Nicolaus lowered their price target on shares of Twilio from $70.00 to $60.00 and set a hold rating for the company in a report on Wednesday, March 6th. Finally, Wells Fargo & Company lowered their price target on shares of Twilio from $70.00 to $60.00 and set an equal weight rating for the company in a report on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, Twilio currently has an average rating of Hold and a consensus target price of $68.90.

Check Out Our Latest Stock Analysis on Twilio

Twilio Price Performance

TWLO opened at $60.93 on Thursday. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 0.10. The firm’s fifty day moving average price is $63.65 and its two-hundred day moving average price is $63.84. Twilio has a 1 year low of $45.02 and a 1 year high of $78.16.

Twilio (NYSE:TWLOGet Free Report) last posted its quarterly earnings data 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. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. On average, equities analysts anticipate that Twilio will post -0.24 EPS for the current year.

Insider Buying and Selling

In related news, CFO Aidan Viggiano sold 3,025 shares of the business’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $68.48, for a total value of $207,152.00. Following the transaction, the chief financial officer now directly owns 168,795 shares of the company’s stock, valued at approximately $11,559,081.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Khozema Shipchandler sold 10,961 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.13, for a total value of $681,006.93. Following the sale, the chief executive officer now directly owns 335,982 shares in the company, valued at approximately $20,874,561.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 3,025 shares of the business’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $68.48, for a total value of $207,152.00. Following the completion of the sale, the chief financial officer now owns 168,795 shares in the company, valued at $11,559,081.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,521 shares of company stock valued at $1,912,080. 4.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Twilio

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TWLO. Vanguard Group Inc. raised its stake in Twilio by 25.6% in the 1st quarter. Vanguard Group Inc. now owns 13,121,939 shares of the technology company’s stock valued at $2,162,627,000 after acquiring an additional 2,678,049 shares during the period. Norges Bank bought a new stake in shares of Twilio during the fourth quarter valued at about $84,442,000. Renaissance Technologies LLC increased its position in shares of Twilio by 631.0% during the first quarter. Renaissance Technologies LLC now owns 1,163,695 shares of the technology company’s stock valued at $191,789,000 after buying an additional 1,004,500 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Twilio by 2,050.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 873,399 shares of the technology company’s stock valued at $58,195,000 after buying an additional 832,789 shares during the period. Finally, Voya Investment Management LLC increased its position in shares of Twilio by 9.2% during the fourth quarter. Voya Investment Management LLC now owns 8,393,389 shares of the technology company’s stock valued at $636,806,000 after buying an additional 709,400 shares during the period. 84.27% of the stock is currently owned by institutional investors.

Twilio Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Twilio (NYSE:TWLO)

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