Twilio (NYSE:TWLO) Releases Q3 2024 Earnings Guidance

Twilio (NYSE:TWLO) issued an update on its third quarter 2024 earnings guidance on Thursday morning. 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 recently commented on TWLO shares. Morgan Stanley downgraded Twilio from an overweight rating to an equal weight rating and reduced their price objective for the company from $70.00 to $60.00 in a research note on Friday, June 14th. Piper Sandler restated an overweight rating and set a $83.00 price target (up from $77.00) on shares of Twilio in a research report on Friday. Wells Fargo & Company increased their price objective on shares of Twilio from $60.00 to $65.00 and gave the company an equal weight rating in a report on Friday. Needham & Company LLC restated a buy rating and set a $71.00 target price on shares of Twilio in a report on Monday, May 20th. Finally, Robert W. Baird cut their price target on Twilio from $70.00 to $65.00 and set a neutral rating for the company in a report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $70.27.

Twilio Stock Performance

Shares of NYSE TWLO traded up $6.59 during midday trading on Friday, reaching $62.86. 8,081,567 shares of the company were exchanged, compared to its average volume of 2,015,806. The stock has a fifty day simple moving average of $57.07 and a 200 day simple moving average of $60.94. 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 stock has a market cap of $10.76 billion, a P/E ratio of -15.66, a PEG ratio of 7.86 and a beta of 1.35. Twilio has a 1 year low of $49.86 and a 1 year high of $78.16.

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

Insider Buying and Selling

In related news, CEO Khozema Shipchandler sold 24,657 shares of Twilio stock in a transaction on Friday, June 7th. The stock was sold at an average price of $57.00, for a total transaction of $1,405,449.00. Following the completion of the transaction, the chief executive officer now directly owns 311,325 shares of the company’s stock, valued at $17,745,525. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Twilio news, CEO Khozema Shipchandler sold 24,657 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $57.00, for a total value of $1,405,449.00. Following the sale, the chief executive officer now owns 311,325 shares of the company’s stock, valued at $17,745,525. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 956 shares of Twilio stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $61.69, for a total value of $58,975.64. Following the transaction, the chief financial officer now owns 228,506 shares of the company’s stock, valued at $14,096,535.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,967 shares of company stock valued at $3,796,221. Corporate insiders own 4.50% 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.