The Bottomline Technologies (EPAY) Expected to Announce Earnings of $0.14 Per Share

The Bottomline Technologies (EPAY) Expected to Announce Earnings of $0.14 Per Share

According to Zacks, analysts expect that Bottomline Technologies will report full year earnings of $0.34 per share for the current fiscal year. For the next financial year, analysts anticipate that the company will post earnings of $0.45 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Bottomline Technologies.

Equities analysts predict that Bottomline Technologies (NASDAQ:EPAY) will announce earnings per share of $0.14 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Bottomline Technologies’ earnings. Bottomline Technologies posted earnings per share of $0.18 in the same quarter last year, which indicates a negative year-over-year growth rate of 22.2%. The business is expected to announce its next earnings results on Thursday, August 24th.

Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings results on Thursday, April 27th. The technology company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. The business had revenue of $86.10 million for the quarter, compared to the consensus estimate of $88.62 million. Bottomline Technologies had a positive return on equity of 6.20% and a negative net margin of 9.01%. The business’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS. A number of research firms recently commented on EPAY. Zacks Investment Research cut shares of Bottomline Technologies from a “hold” rating to a “sell” rating in a research report on Monday, April 3rd. TheStreet upgraded shares of Bottomline Technologies from a “d+” rating to a “c” rating in a research report on Wednesday, February 1st. Finally, Needham & Company LLC upped their price objective on shares of Bottomline Technologies from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, February 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $27.80.

Bottomline Technologies (NASDAQ:EPAY) last announced its quarterly earnings results on Thursday, April 27th. The technology company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. The business had revenue of $86.10 million for the quarter, compared to the consensus estimate of $88.62 million. Bottomline Technologies had a positive return on equity of 6.20% and a negative net margin of 9.01%. The business’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS. In other news, Director Peter Gibson bought 2,000 shares of the stock in a transaction on Wednesday, March 15th. The stock was purchased at an average price of $24.42 per share, for a total transaction of $48,840.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at $244,200. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Norman J. Deluca sold 2,750 shares of the stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $21.78, for a total value of $59,895.00. Following the transaction, the insider now owns 90,475 shares of the company’s stock, valued at approximately $1,970,545.50. The disclosure for this sale can be found here. 3.20% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Bottomline Technologies by 9,565.3% in the first quarter. BlackRock Inc. now owns 5,413,266 shares of the technology company’s stock valued at $128,023,000 after buying an additional 5,357,259 shares during the last quarter. Discovery Group I LLC boosted its position in shares of Bottomline Technologies by 223.0% in the fourth quarter. Discovery Group I LLC now owns 767,116 shares of the technology company’s stock valued at $19,193,000 after buying an additional 529,651 shares during the last quarter. Norges Bank bought a new position in shares of Bottomline Technologies during the fourth quarter valued at $4,761,000. Vista Equity Partners Management LLC boosted its position in shares of Bottomline Technologies by 44.3% in the first quarter. Vista Equity Partners Management LLC now owns 491,892 shares of the technology company’s stock valued at $11,633,000 after buying an additional 150,984 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Bottomline Technologies by 4.4% in the first quarter. Vanguard Group Inc. now owns 3,422,062 shares of the technology company’s stock valued at $80,932,000 after buying an additional 144,936 shares during the last quarter. Institutional investors own 92.53% of the company’s stock. Shares of Bottomline Technologies (NASDAQ:EPAY) traded down 0.48% during mid-day trading on Thursday, hitting $25.08. The company had a trading volume of 196,889 shares. The firm’s 50 day moving average is $23.70 and its 200-day moving average is $24.62. The firm’s market cap is $956.40 million. Bottomline Technologies has a 12-month low of $18.48 and a 12-month high of $28.35.

About Bottomline Technologies Bottomline Technologies (de), Inc is engaged in providing a set of cloud-based business payment, digital banking, fraud prevention, payment and financial document solutions. The Company helps businesses pay and get paid. It offers hosted or Software as a Service (SaaS) solutions, as well as software designed to run on-site at the customer’s location.

Get a free copy of the Zacks research report on Bottomline Technologies (EPAY) For more information about research offerings from Zacks Investment Research, visit Zacks.com

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