Bottomline Technologies (NASDAQ:EPAY) will be issuing its quarterly earnings data after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of $0.15 per share for the quarter.
Bottomline Technologies (NASDAQ:EPAY) last released its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.21. The company had revenue of $106.44 million during the quarter, compared to the consensus estimate of $104.46 million. Bottomline Technologies had a net margin of 4.43% and a return on equity of 8.77%. Bottomline Technologies’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 EPS. On average, analysts expect Bottomline Technologies to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
EPAY stock traded down $0.43 during mid-day trading on Friday, reaching $41.27. The company’s stock had a trading volume of 813 shares, compared to its average volume of 184,605. The stock has a market cap of $1.91 billion, a PE ratio of 54.39 and a beta of 0.98. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.57 and a current ratio of 1.57. Bottomline Technologies has a fifty-two week low of $39.78 and a fifty-two week high of $74.05. The company’s 50 day moving average price is $43.90.
EPAY has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a report on Monday, July 8th. Barrington Research reiterated a “buy” rating on shares of Bottomline Technologies in a report on Thursday, July 4th. TheStreet downgraded shares of Bottomline Technologies from a “b-” rating to a “c+” rating in a report on Friday, May 3rd. Raymond James downgraded shares of Bottomline Technologies from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $65.00 to $55.00 in a report on Friday, May 3rd. Finally, BidaskClub upgraded shares of Bottomline Technologies from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $62.61.
In other news, insider Robert A. Eberle sold 21,824 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $45.17, for a total transaction of $985,790.08. Following the completion of the sale, the insider now owns 375,202 shares in the company, valued at approximately $16,947,874.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jennifer M. Gray sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $44.97, for a total transaction of $89,940.00. Following the sale, the director now owns 6,000 shares of the company’s stock, valued at approximately $269,820. The disclosure for this sale can be found here. Insiders have sold a total of 50,314 shares of company stock valued at $2,234,271 in the last 90 days. Insiders own 2.40% of the company’s stock.
Bottomline Technologies Company Profile
Bottomline Technologies (de), Inc provides software as a service based solutions. It operates through four segments: Cloud Solutions, Banking Solutions, Payments and Transactional Documents, and Other. The company's products and services include Paymode-X, a cloud-based payment network, which allows businesses to transition to electronic integrated payables; and cloud-based financial messaging solutions that enable banks and corporations to exchange financial information, such as payment instructions, cash reporting, and other messages to facilitate transaction settlement.
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