Analysts Anticipate Apptio Inc (APTI) Will Announce Earnings of $0.01 Per Share

Brokerages expect that Apptio Inc (NASDAQ:APTI) will post $0.01 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Apptio’s earnings, with the lowest EPS estimate coming in at ($0.01) and the highest estimate coming in at $0.02. Apptio reported earnings of ($0.06) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 116.7%. The firm is scheduled to issue its next quarterly earnings report on Monday, February 4th.

According to Zacks, analysts expect that Apptio will report full year earnings of $0.08 per share for the current fiscal year, with EPS estimates ranging from $0.07 to $0.09. For the next fiscal year, analysts forecast that the business will post earnings of $0.26 per share, with EPS estimates ranging from $0.19 to $0.43. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Apptio.

Apptio (NASDAQ:APTI) last announced its quarterly earnings results on Monday, October 29th. The technology company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The company had revenue of $59.22 million during the quarter, compared to analyst estimates of $58.09 million. Apptio had a negative return on equity of 15.14% and a negative net margin of 11.06%. The firm’s revenue was up 26.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.01 earnings per share.

Several equities research analysts have commented on APTI shares. Nomura dropped their price target on Apptio from $41.00 to $39.00 and set a “buy” rating for the company in a research note on Tuesday, October 30th. Bank of America upped their price target on Apptio from $36.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. BidaskClub upgraded Apptio from a “hold” rating to a “buy” rating in a research note on Saturday, August 25th. Zacks Investment Research upgraded Apptio from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research note on Tuesday, August 7th. Finally, Jefferies Financial Group upped their price target on Apptio to $47.00 and gave the stock a “buy” rating in a research note on Thursday, September 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. Apptio currently has a consensus rating of “Buy” and an average target price of $33.70.

NASDAQ:APTI traded up $0.15 on Friday, hitting $38.16. 1,625,470 shares of the stock were exchanged, compared to its average volume of 731,600. The firm has a market capitalization of $1.72 billion, a PE ratio of -59.63 and a beta of 1.62. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.31 and a quick ratio of 2.31. Apptio has a fifty-two week low of $21.61 and a fifty-two week high of $41.36.

In other news, insider John C. Morrow sold 774 shares of the company’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $37.77, for a total value of $29,233.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John C. Morrow sold 7,594 shares of the company’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $38.42, for a total value of $291,761.48. The disclosure for this sale can be found here. Insiders sold 128,241 shares of company stock valued at $4,501,146 in the last ninety days. Company insiders own 24.16% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. First Mercantile Trust Co. boosted its position in shares of Apptio by 134.6% in the second quarter. First Mercantile Trust Co. now owns 2,940 shares of the technology company’s stock worth $106,000 after buying an additional 1,687 shares during the period. Ibex Investors LLC purchased a new position in Apptio in the third quarter valued at about $203,000. Caxton Associates LP purchased a new position in Apptio in the third quarter valued at about $227,000. Tocqueville Asset Management L.P. purchased a new position in Apptio in the second quarter valued at about $253,000. Finally, Invictus RG purchased a new position in Apptio in the third quarter valued at about $284,000. 73.72% of the stock is owned by institutional investors.

About Apptio

Apptio, Inc provides cloud-based technology business management (TBM) solutions to enterprises. Its cloud-based platform and SaaS applications enable IT leaders to analyze, optimize, and plan technology investments, as well as to benchmark financial and operational performance against peers. The company's TBM solutions consist of adaptive data management, which aggregates, cleanses, and correlates large amounts of customer data from various sources; and standard IT operating model and taxonomy that offers a standard model for how IT costs are captured, categorized, and allocated to IT and business services.

See Also: How is an ETF different from a mutual fund?

Get a free copy of the Zacks research report on Apptio (APTI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Apptio (NASDAQ:APTI)

Receive News & Ratings for Apptio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apptio 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