Zacks: Analysts Expect Bottomline Technologies (NASDAQ:EPAY) Will Announce Earnings of $0.09 Per Share

Analysts forecast that Bottomline Technologies (NASDAQ:EPAY) will post earnings of $0.09 per share for the current quarter, according to Zacks. Three analysts have made estimates for Bottomline Technologies’ earnings, with estimates ranging from $0.07 to $0.11. Bottomline Technologies posted earnings per share of $0.11 during the same quarter last year, which would indicate a negative year over year growth rate of 18.2%. The company is expected to report its next quarterly earnings results on Thursday, November 14th.

According to Zacks, analysts expect that Bottomline Technologies will report full year earnings of $0.66 per share for the current fiscal year, with EPS estimates ranging from $0.62 to $0.72. For the next fiscal year, analysts expect that the firm will post earnings of $0.78 per share, with EPS estimates ranging from $0.73 to $0.82. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Bottomline Technologies.

Bottomline Technologies (NASDAQ:EPAY) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.19. Bottomline Technologies had a return on equity of 6.07% and a net margin of 2.24%. The firm had revenue of $108.24 million for the quarter, compared to analyst estimates of $106.17 million. During the same period in the prior year, the firm posted $0.35 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis.

A number of research analysts have commented on the company. Craig Hallum raised Bottomline Technologies from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Friday, August 9th. BidaskClub raised Bottomline Technologies from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research raised Bottomline Technologies from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Raymond James upped their price objective on Bottomline Technologies from $55.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Finally, DA Davidson set a $39.00 price objective on Bottomline Technologies and gave the company a “hold” rating in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $60.79.

In other news, insider John Francis Kelly sold 3,010 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $40.90, for a total transaction of $123,109.00. Following the completion of the sale, the insider now directly owns 65,340 shares in the company, valued at approximately $2,672,406. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert A. Eberle sold 13,945 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $40.99, for a total value of $571,605.55. Following the sale, the chief executive officer now owns 497,681 shares of the company’s stock, valued at $20,399,944.19. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,132 shares of company stock valued at $1,855,852. Corporate insiders own 2.40% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in shares of Bottomline Technologies by 2.8% during the 2nd quarter. BlackRock Inc. now owns 5,965,565 shares of the technology company’s stock worth $263,918,000 after buying an additional 162,367 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Bottomline Technologies by 1.5% during the 2nd quarter. Royal Bank of Canada now owns 385,194 shares of the technology company’s stock worth $17,041,000 after buying an additional 5,742 shares during the last quarter. Private Capital Group LLC lifted its position in shares of Bottomline Technologies by 42.8% during the 2nd quarter. Private Capital Group LLC now owns 791 shares of the technology company’s stock worth $39,000 after buying an additional 237 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in shares of Bottomline Technologies during the 2nd quarter worth $16,045,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Bottomline Technologies by 8.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 22,604 shares of the technology company’s stock worth $1,000,000 after buying an additional 1,810 shares during the last quarter. Institutional investors and hedge funds own 89.57% of the company’s stock.

NASDAQ EPAY traded down $0.91 on Friday, reaching $41.34. The stock had a trading volume of 168,700 shares, compared to its average volume of 289,700. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.70 and a quick ratio of 1.70. The firm has a fifty day moving average of $42.14 and a two-hundred day moving average of $45.37. Bottomline Technologies has a 1-year low of $39.49 and a 1-year high of $74.05. The company has a market cap of $1.85 billion, a P/E ratio of 42.62 and a beta of 0.98.

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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