-$0.13 EPS Expected for Bandwidth Inc (NASDAQ:BAND) This Quarter

Equities research analysts expect that Bandwidth Inc (NASDAQ:BAND) will announce earnings of ($0.13) per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Bandwidth’s earnings, with estimates ranging from ($0.16) to ($0.06). Bandwidth posted earnings of ($0.04) per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 225%. The firm is scheduled to report its next earnings report on Wednesday, February 12th.

On average, analysts expect that Bandwidth will report full-year earnings of ($0.34) per share for the current year, with EPS estimates ranging from ($0.38) to ($0.27). For the next year, analysts anticipate that the firm will post earnings of ($0.30) per share, with EPS estimates ranging from ($0.36) to ($0.23). Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow Bandwidth.

Bandwidth (NASDAQ:BAND) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.09. Bandwidth had a net margin of 1.42% and a negative return on equity of 4.52%. The company had revenue of $60.50 million during the quarter, compared to analysts’ expectations of $58.78 million. During the same quarter in the prior year, the company earned ($0.05) EPS. The firm’s revenue was up 19.8% on a year-over-year basis.

BAND has been the subject of a number of research reports. Morgan Stanley cut shares of Bandwidth from an “underweight” rating to an “equal” rating in a research note on Tuesday, October 22nd. Needham & Company LLC initiated coverage on shares of Bandwidth in a research note on Tuesday. They issued a “buy” rating and a $65.00 price objective for the company. Finally, ValuEngine raised shares of Bandwidth from a “sell” rating to a “hold” rating in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $75.71.

Shares of Bandwidth stock traded down $1.90 during trading on Wednesday, reaching $53.30. The company’s stock had a trading volume of 242,273 shares, compared to its average volume of 247,319. Bandwidth has a 52-week low of $27.75 and a 52-week high of $90.63. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 171.94 and a beta of 0.49. The firm’s 50-day moving average is $55.25 and its two-hundred day moving average is $70.91.

Institutional investors and hedge funds have recently made changes to their positions in the business. Ladenburg Thalmann Financial Services Inc. boosted its position in Bandwidth by 118.3% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 738 shares of the company’s stock valued at $55,000 after buying an additional 400 shares during the period. Cubist Systematic Strategies LLC boosted its position in Bandwidth by 496.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 16,839 shares of the company’s stock valued at $1,263,000 after buying an additional 14,018 shares during the period. Eagle Asset Management Inc. boosted its position in Bandwidth by 21.8% during the 2nd quarter. Eagle Asset Management Inc. now owns 160,917 shares of the company’s stock valued at $12,071,000 after buying an additional 28,772 shares during the period. Point72 Asset Management L.P. boosted its position in Bandwidth by 9.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 314,100 shares of the company’s stock valued at $20,451,000 after buying an additional 27,300 shares during the period. Finally, Bender Robert & Associates boosted its position in Bandwidth by 1.5% during the 2nd quarter. Bender Robert & Associates now owns 61,289 shares of the company’s stock valued at $4,924,000 after buying an additional 895 shares during the period. 68.25% of the stock is owned by institutional investors and hedge funds.

Bandwidth Company Profile

Bandwidth Inc operates as a cloud-based software-powered communications platform-as-a-service (CPaaS) provider in the United States. The company operates through two segments, CPaaS and Other. Its platform enables enterprises to create, scale, and operate voice or text communications services across mobile application or connected device.

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