Analysts Expect Bottomline Technologies (EPAY) Will Announce Quarterly Sales of $103.73 Million

Analysts expect Bottomline Technologies (NASDAQ:EPAY) to post $103.73 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Bottomline Technologies’ earnings. The highest sales estimate is $104.50 million and the lowest is $103.30 million. Bottomline Technologies posted sales of $95.20 million during the same quarter last year, which suggests a positive year over year growth rate of 9%. The company is expected to issue its next quarterly earnings results on Thursday, February 7th.

According to Zacks, analysts expect that Bottomline Technologies will report full-year sales of $426.50 million for the current year, with estimates ranging from $423.60 million to $431.80 million. For the next fiscal year, analysts expect that the firm will report sales of $473.58 million, with estimates ranging from $466.36 million to $483.90 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Bottomline Technologies.

Bottomline Technologies (NASDAQ:EPAY) last posted its quarterly earnings data on Thursday, November 8th. The technology company reported $0.33 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.33. The firm had revenue of $102.44 million for the quarter, compared to the consensus estimate of $99.90 million. Bottomline Technologies had a net margin of 3.43% and a return on equity of 9.56%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.30 EPS.

A number of research firms have recently commented on EPAY. DA Davidson began coverage on Bottomline Technologies in a research note on Tuesday, September 11th. They set a “neutral” rating and a $58.00 target price on the stock. Craig Hallum cut Bottomline Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 9th. BidaskClub cut Bottomline Technologies from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 13th. Citigroup set a $75.00 target price on Bottomline Technologies and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Finally, Barrington Research reiterated a “buy” rating on shares of Bottomline Technologies in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $64.25.

In related news, Director Jennifer M. Gray sold 1,500 shares of the business’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $65.33, for a total value of $97,995.00. Following the sale, the director now directly owns 5,000 shares in the company, valued at approximately $326,650. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Norman J. Deluca sold 7,491 shares of the business’s stock in a transaction dated Monday, November 5th. The shares were 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 disclosure for this sale can be found here. Insiders sold a total of 76,380 shares of company stock worth $4,910,610 over the last 90 days. 2.40% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Bottomline Technologies by 6.4% in the 3rd quarter. BlackRock Inc. now owns 5,528,898 shares of the technology company’s stock valued at $402,006,000 after acquiring an additional 331,293 shares during the period. Capital World Investors increased its position in shares of Bottomline Technologies by 34.5% during the third quarter. Capital World Investors now owns 3,656,000 shares of the technology company’s stock valued at $265,828,000 after buying an additional 938,049 shares during the period. Conestoga Capital Advisors LLC increased its position in shares of Bottomline Technologies by 6.6% during the second quarter. Conestoga Capital Advisors LLC now owns 1,995,735 shares of the technology company’s stock valued at $99,447,000 after buying an additional 122,741 shares during the period. Janus Henderson Group PLC increased its position in shares of Bottomline Technologies by 4.9% during the second quarter. Janus Henderson Group PLC now owns 865,213 shares of the technology company’s stock valued at $43,114,000 after buying an additional 40,626 shares during the period. Finally, Hood River Capital Management LLC increased its position in shares of Bottomline Technologies by 10.2% during the second quarter. Hood River Capital Management LLC now owns 648,920 shares of the technology company’s stock valued at $32,336,000 after buying an additional 60,210 shares during the period. Institutional investors and hedge funds own 93.32% of the company’s stock.

EPAY traded up $0.31 during mid-day trading on Thursday, reaching $56.44. 758,276 shares of the stock were exchanged, compared to its average volume of 493,476. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.74 and a quick ratio of 1.85. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 74.26, a P/E/G ratio of 7.50 and a beta of 0.97. Bottomline Technologies has a 1 year low of $32.00 and a 1 year high of $74.05.

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.

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