Zacks: Brokerages Anticipate Apptio Inc. (APTI) to Post -$0.09 EPS

Wall Street brokerages expect that Apptio Inc. (NASDAQ:APTI) will announce earnings of ($0.09) per share for the current quarter, according to Zacks. Four analysts have issued estimates for Apptio’s earnings, with the highest EPS estimate coming in at ($0.08) and the lowest estimate coming in at ($0.10). Apptio reported earnings per share of ($0.11) during the same quarter last year, which indicates a positive year-over-year growth rate of 18.2%. The company is scheduled to issue its next quarterly earnings report on Thursday, February 8th.

According to Zacks, analysts expect that Apptio will report full-year earnings of ($0.27) per share for the current fiscal year, with EPS estimates ranging from ($0.28) to ($0.26). For the next financial year, analysts expect that the business will report earnings of ($0.01) per share, with EPS estimates ranging from ($0.09) to $0.16. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Apptio.

Apptio (NASDAQ:APTI) last released its earnings results on Monday, October 30th. The technology company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.08. The firm had revenue of $47.00 million during the quarter, compared to analyst estimates of $44.86 million. Apptio had a negative net margin of 14.77% and a negative return on equity of 36.83%. The business’s revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.45) EPS.

APTI has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Apptio from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. KeyCorp reissued a “buy” rating and set a $22.00 target price on shares of Apptio in a research report on Friday, October 6th. Royal Bank of Canada reissued a “buy” rating and set a $21.00 target price on shares of Apptio in a research report on Tuesday, October 10th. Oppenheimer reissued a “buy” rating and set a $25.00 target price on shares of Apptio in a research report on Tuesday, October 24th. Finally, Barclays boosted their target price on shares of Apptio from $19.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 31st. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $25.00.

Apptio (NASDAQ APTI) traded down $0.09 during trading on Friday, reaching $24.42. 221,864 shares of the company’s stock were exchanged, compared to its average volume of 373,722. The firm has a market cap of $990.33 and a price-to-earnings ratio of -35.91. Apptio has a 52-week low of $10.77 and a 52-week high of $25.49.

In other news, CFO Kurt Shintaffer sold 40,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $22.05, for a total transaction of $882,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sachin Gupta sold 71,800 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $22.65, for a total transaction of $1,626,270.00. The disclosure for this sale can be found here. Insiders have sold 727,185 shares of company stock valued at $16,070,951 in the last ninety days. 43.20% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in APTI. Nationwide Fund Advisors raised its position in shares of Apptio by 244.9% during the second quarter. Nationwide Fund Advisors now owns 10,199 shares of the technology company’s stock valued at $177,000 after buying an additional 7,242 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Apptio during the second quarter valued at about $207,000. Trexquant Investment LP acquired a new position in shares of Apptio during the third quarter valued at about $230,000. The Manufacturers Life Insurance Company increased its stake in Apptio by 321.3% in the second quarter. The Manufacturers Life Insurance Company now owns 15,254 shares of the technology company’s stock valued at $265,000 after acquiring an additional 11,633 shares during the period. Finally, Alliancebernstein L.P. bought a new stake in Apptio in the second quarter valued at about $314,000. 45.56% of the stock is owned by institutional investors and hedge funds.

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Apptio Company Profile

Apptio, Inc is a provider of technology business management (TBM) solutions. The Company’s cloud-based platform and software as a service (SaaS) applications enable information technology (IT) leaders to analyze, optimize and plan technology investments, and benchmark the financial and operational performance against peers.

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