Twilio (NYSE:TWLO) Releases Third Quarter 2022 Earnings Guidance


Twilio (NYSE:TWLO – Get Rating) released an update to its earnings guidance for the third quarter of 2022 on Thursday morning. The company provided earnings per share guidance of -$0.43 to $0.37 for the period, versus the consensus earnings per share estimate of -$0.10. The company released a revenue forecast of $965.00-975.00 million, compared to the consensus revenue estimate of $977.88 million. Twilio also updated its guidance for the third quarter to $(0.43)-$(0.37) EPS.

Changes to analyst ratings

TWLO has been the subject of several analyst reports. Piper Sandler lowered her price target on Twilio shares from $220.00 to $132.00 and set an overweight rating on the stock in a Monday, July 18 research note. Morgan Stanley lowered its price target on Twilio from $240.00 to $160.00 and set an overweight rating for the company in a Thursday, July 14 research note. Macquarie downgraded Twilio from an Outperform rating to a Neutral rating and set a target price of $96.00 for the stock. in a Monday July 25 research note. Cowen lowered his price target on Twilio from $250.00 to $150.00 and set an outperform rating for the company in a research note on Friday, July 22. Finally, Needham & Company LLC reduced its price target on Twilio shares from $350.00 to $200.00 in a Thursday, May 5 research report. One financial analyst has assigned the stock a sell rating, four have issued a hold rating and twenty have assigned the company’s stock a buy rating. Based on data from MarketBeat.com, the company currently has a Moderate Buy consensus rating and a consensus price target of $217.84.

Twilio stock up to 0.5%

Shares of TWLO rose $0.50 in Thursday’s midday session, hitting $98.19. 4,765,171 shares of the company have been traded, compared to its average volume of 3,753,060. The company has a current ratio of 8.10, a quick ratio of 8.10 and a debt ratio of 0.09 . The stock has a market capitalization of $17.84 billion, a price-earnings ratio of -18.08 and a beta of 1.53. Twilio has a 1-year minimum of $77.14 and a 1-year maximum of $382.75. The company’s fifty-day moving average is $91.40 and its 200-day moving average is $130.14.

Twilio (NYSE:TWLO – Get Rating) last released quarterly earnings data on Wednesday, May 4. The technology company reported ($0.86) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.98) by $0.12. The company posted revenue of $875.36 million for the quarter, versus a consensus estimate of $861.56 million. Twilio had a negative net margin of 30.86% and a negative return on equity of 6.11%. As a group, sell-side analysts expect Twilio to post -3.46 earnings per share for the current year.

Insider activity at Twilio

In other news, insider Dana Wagner sold 2,387 shares in a trade dated Monday, May 16. The stock was sold at an average price of $105.91, for a total value of $252,807.17. Following the transaction, the insider now directly owns 79,665 shares of the company, valued at $8,437,320.15. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC’s website. Separately, insider Eyal Manor sold 853 shares of the company in a trade on Wednesday, June 15. The shares were sold at an average price of $83.25, for a total transaction of $71,012.25. Following the completion of the transaction, the insider now directly owns 161,211 shares of the company, valued at $13,420,815.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, insider Dana Wagner sold 2,387 shares of the company in a trade on Monday, May 16. The shares were sold at an average price of $105.91, for a total transaction of $252,807.17. Following the completion of the sale, the insider now directly owns 79,665 shares of the company, valued at $8,437,320.15. The disclosure of this sale can be found here. Insiders sold a total of 14,242 shares of the company valued at $1,374,510 in the past ninety days. Insiders of the company own 4.96% of the shares of the company.

Institutional investors weigh in on Twilio

A number of hedge funds and other institutional investors have recently changed their positions in TWLO. Vanguard Group Inc. increased its position in Twilio shares by 25.6% during the 1st quarter. Vanguard Group Inc. now owns 13,121,939 shares of the technology company valued at $2,162,627,000 after acquiring an additional 2,678,049 shares during the period. Renaissance Technologies LLC increased its position in Twilio by 631.0% during the first quarter. Renaissance Technologies LLC now owns 1,163,695 shares of the technology company worth $191,789,000 after buying an additional 1,004,500 shares last quarter. Crow’s Nest Holdings LP increased its position in Twilio by 387.3% during the first quarter. Crow’s Nest Holdings LP now owns 157,400 shares of the technology company worth $25,941,000 after buying an additional 125,100 shares in the last quarter. First Trust Advisors LP increased its holdings in Twilio by 28.0% in the first quarter. First Trust Advisors LP now owns 550,791 shares of the technology company valued at $90,776,000 after purchasing an additional 120,525 shares during the period. Finally, Toronado Partners LLC increased its position in Twilio shares by 118.8% in the first quarter. Toronado Partners LLC now owns 191,537 shares of the technology company valued at $31,567,000 after purchasing an additional 103,980 shares last quarter. Institutional investors and hedge funds own 75.10% of the company’s shares.

Twilio company profile

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Twilio Inc, together with its subsidiaries, provides a cloud-based communications platform that enables developers to create, scale, and leverage customer engagement in software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher-level communication logic needed for almost any type of customer engagement, and allows developers to integrate voice, messaging, video, and email in their apps.

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