Bottomline Technologies (EPAY) Releases Earnings Results, Meets Expectations

Bottomline Technologies (NASDAQ:EPAY) announced its quarterly earnings data on Thursday. The technology company reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33, Briefing.com reports. Bottomline Technologies had a return on equity of 10.30% and a net margin of 2.69%. The company had revenue of $102.44 million during the quarter, compared to the consensus estimate of $99.90 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The company’s quarterly revenue was up 12.2% compared to the same quarter last year.

EPAY opened at $54.74 on Friday. The firm has a market capitalization of $2.83 billion, a PE ratio of 72.03, a price-to-earnings-growth ratio of 7.41 and a beta of 0.97. Bottomline Technologies has a 12-month low of $32.00 and a 12-month high of $74.05. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.48.

A number of equities research analysts have recently commented on EPAY shares. TheStreet upgraded Bottomline Technologies from a “c+” rating to a “b” rating in a research report on Friday, August 10th. Citigroup increased their price objective on Bottomline Technologies from $58.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Craig Hallum reiterated a “buy” rating and set a $63.00 price objective on shares of Bottomline Technologies in a research report on Friday, August 10th. Needham & Company LLC increased their price objective on Bottomline Technologies from $48.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Finally, BidaskClub downgraded Bottomline Technologies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 31st. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. Bottomline Technologies currently has an average rating of “Buy” and an average target price of $60.86.

In other news, insider Norman J. Deluca sold 7,491 shares of the stock in a transaction on Monday, November 5th. The stock was sold at an average price of $64.66, for a total value of $484,368.06. Following the completion of the sale, the insider now owns 86,050 shares in the company, valued at $5,563,993. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert A. Eberle sold 26,903 shares of the stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $63.00, for a total value of $1,694,889.00. Following the completion of the sale, the insider now owns 437,017 shares of the company’s stock, valued at approximately $27,532,071. The disclosure for this sale can be found here. Insiders sold 81,578 shares of company stock valued at $5,222,230 in the last 90 days. Corporate insiders own 2.40% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Bottomline Technologies (EPAY) Releases Earnings Results, Meets Expectations” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://www.com-unik.info/2018/11/10/bottomline-technologies-epay-releases-earnings-results-meets-expectations.html.

About Bottomline Technologies

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.

Further Reading: What are trading strategies for the 52-week high/low?

Earnings History for Bottomline Technologies (NASDAQ:EPAY)

Receive News & Ratings for Bottomline Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bottomline Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit