Twilio (NYSE:TWLO) Issues Q4 2024 Earnings Guidance

Twilio (NYSE:TWLO) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.950-1.000 for the period, compared to the consensus EPS estimate of 0.870. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.1 billion. Twilio also updated its Q4 guidance to $0.95-1.00 EPS.

Twilio Stock Up 15.3 %

Shares of Twilio stock traded up $10.80 during midday trading on Thursday, hitting $81.37. The company had a trading volume of 4,993,235 shares, compared to its average volume of 2,617,202. The company has a 50 day moving average of $64.88 and a 200 day moving average of $60.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.57 and a current ratio of 5.57. Twilio has a 52-week low of $49.86 and a 52-week high of $83.25. The stock has a market capitalization of $13.93 billion, a P/E ratio of -20.45, a P/E/G ratio of 4.01 and a beta of 1.35.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the company earned ($0.23) earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. On average, equities analysts predict that Twilio will post 0.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Tigress Financial upped their price target on shares of Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Needham & Company LLC increased their price objective on shares of Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday. JMP Securities reiterated a “market outperform” rating and set a $110.00 price objective on shares of Twilio in a research report on Tuesday, October 8th. Piper Sandler increased their price objective on shares of Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Oppenheimer raised their price target on shares of Twilio from $65.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Twilio currently has a consensus rating of “Hold” and a consensus price target of $74.95.

Insider Activity

In other news, CEO Khozema Shipchandler sold 11,073 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $720,077.19. Following the sale, the chief executive officer now directly owns 278,134 shares in the company, valued at approximately $18,087,054.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the completion of the transaction, the chief executive officer now directly owns 278,134 shares of the company’s stock, valued at $18,087,054.02. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aidan Viggiano sold 6,701 shares of Twilio stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $435,766.03. Following the transaction, the chief financial officer now directly owns 177,869 shares of the company’s stock, valued at approximately $11,566,821.07. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,906 shares of company stock worth $3,388,596. Corporate insiders own 4.50% 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.