Twilio (TWLO) to Release Quarterly Earnings on Tuesday

Twilio (NYSE:TWLO) will be announcing its earnings results 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 registering 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 the consensus estimate of ($0.20) by $0.17. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. 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

TWLO opened at $61.89 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64. The company has a market cap of $11.20 billion, a PE ratio of -11.17 and a beta of 1.33. The stock has a 50-day moving average of $60.50 and a 200-day moving average of $64.15. Twilio has a 52-week low of $45.02 and a 52-week high of $78.16.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TWLO shares. Royal Bank of Canada reaffirmed an “underperform” rating and set a $50.00 target price on shares of Twilio in a research report on Wednesday, March 6th. The Goldman Sachs Group lifted their target price on shares of Twilio from $69.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. HSBC lowered shares of Twilio from a “hold” rating to a “reduce” rating and cut their target price for the stock from $62.00 to $61.00 in a research report on Wednesday, February 14th. Barclays raised their price target on Twilio from $60.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Finally, JMP Securities restated a “market outperform” rating and set a $110.00 target price on shares of Twilio in a research note on Thursday, February 15th. Two 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, the company presently has a consensus rating of “Hold” and an average price target of $68.90.

Insider Activity

In other Twilio news, CFO Aidan Viggiano sold 1,694 shares of the business’s 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 transaction, the chief financial officer now 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 available through the SEC website. In related news, CEO Khozema Shipchandler sold 10,961 shares of the business’s stock in a transaction that occurred on 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 owns 335,982 shares in the company, valued at approximately $20,874,561.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 1,694 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 167,101 shares in the company, valued at $10,529,034.01. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,958 shares of company stock worth $1,910,447. 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.