Twilio (NYSE:TWLO) Updates Q3 2024 Earnings Guidance

Twilio (NYSE:TWLO) updated its third quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 0.810-0.860 for the period, compared to the consensus earnings per share estimate of 0.730. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion. Twilio also updated its Q3 guidance to $0.81-0.86 EPS.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Needham & Company LLC restated a buy rating and set a $71.00 price objective on shares of Twilio in a report on Monday, May 20th. Sanford C. Bernstein cut their price target on Twilio from $70.00 to $68.00 and set a market perform rating for the company in a research note on Wednesday, May 8th. Tigress Financial assumed coverage on Twilio in a research note on Friday, June 28th. They set a buy rating and a $75.00 price target for the company. Morgan Stanley downgraded Twilio from an overweight rating to an equal weight rating and cut their price target for the company from $70.00 to $60.00 in a research note on Friday, June 14th. Finally, Canaccord Genuity Group cut their price target on Twilio from $90.00 to $85.00 and set a buy rating for the company in a research note on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average target price of $70.27.

Twilio Stock Performance

Shares of NYSE:TWLO traded up $6.59 during mid-day trading on Friday, reaching $62.86. The company had a trading volume of 8,081,567 shares, compared to its average volume of 2,015,806. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.11. The firm has a market cap of $10.76 billion, a price-to-earnings ratio of -15.66, a PEG ratio of 7.86 and a beta of 1.35. The company’s 50-day moving average price is $57.07 and its 200-day moving average price is $60.94. Twilio has a one year low of $49.86 and a one year high of $78.16.

Twilio (NYSE:TWLO) last issued its earnings results on Tuesday, May 7th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.15. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.21%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. As a group, equities research analysts anticipate that Twilio will post 0.22 EPS for the current fiscal year.

Insider Buying and Selling at Twilio

In other Twilio news, insider Dana Wagner sold 796 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $61.69, for a total transaction of $49,105.24. Following the sale, the insider now owns 164,374 shares of the company’s stock, valued at approximately $10,140,232.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Aidan Viggiano sold 6,586 shares of the business’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $56.26, for a total transaction of $370,528.36. Following the completion of the transaction, the chief financial officer now directly owns 188,462 shares in the company, valued at approximately $10,602,872.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dana Wagner sold 796 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $61.69, for a total transaction of $49,105.24. Following the transaction, the insider now owns 164,374 shares of the company’s stock, valued at $10,140,232.06. The disclosure for this sale can be found here. Insiders have sold 66,967 shares of company stock valued at $3,796,221 in the last 90 days. 4.50% of the stock is currently owned by company insiders.

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.