Bottomline Technologies (de), Inc. (NASDAQ:EPAY) Expected to Announce Quarterly Sales of $122.83 Million

Brokerages expect that Bottomline Technologies (de), Inc. (NASDAQ:EPAY) will post $122.83 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Bottomline Technologies (de)’s earnings, with the lowest sales estimate coming in at $122.69 million and the highest estimate coming in at $123.00 million. Bottomline Technologies (de) posted sales of $110.64 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 11%. The firm is expected to issue its next earnings results on Thursday, August 5th.

On average, analysts expect that Bottomline Technologies (de) will report full-year sales of $472.09 million for the current year, with estimates ranging from $471.97 million to $472.30 million. For the next fiscal year, analysts anticipate that the company will post sales of $520.00 million, with estimates ranging from $519.60 million to $520.31 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Bottomline Technologies (de).

Bottomline Technologies (de) (NASDAQ:EPAY) last announced its earnings results on Monday, May 3rd. The technology company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. Bottomline Technologies (de) had a positive return on equity of 3.79% and a negative net margin of 1.67%. The company had revenue of $120.90 million for the quarter, compared to the consensus estimate of $120.94 million. During the same period last year, the business posted $0.27 EPS. The company’s revenue was up 8.2% on a year-over-year basis.

A number of analysts recently weighed in on EPAY shares. Zacks Investment Research downgraded Bottomline Technologies (de) from a “hold” rating to a “sell” rating in a research note on Wednesday. Needham & Company LLC decreased their price target on Bottomline Technologies (de) from $58.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Craig Hallum restated a “hold” rating and issued a $50.00 price target on shares of Bottomline Technologies (de) in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Bottomline Technologies (de) has a consensus rating of “Hold” and a consensus price target of $55.21.

In related news, Director Nigel K. Savory sold 1,495 shares of Bottomline Technologies (de) stock in a transaction on Tuesday, February 23rd. The stock was sold at an average price of $47.05, for a total transaction of $70,339.75. Also, CEO Robert A. Eberle sold 1,414 shares of Bottomline Technologies (de) stock in a transaction on Tuesday, February 23rd. The stock was sold at an average price of $47.05, for a total value of $66,528.70. Following the transaction, the chief executive officer now directly owns 387,593 shares of the company’s stock, valued at $18,236,250.65. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,269 shares of company stock valued at $842,109. 2.60% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of EPAY. Marshall Wace LLP acquired a new position in shares of Bottomline Technologies (de) in the first quarter worth $45,000. Louisiana State Employees Retirement System raised its holdings in shares of Bottomline Technologies (de) by 1.1% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,100 shares of the technology company’s stock worth $955,000 after acquiring an additional 200 shares during the last quarter. Tributary Capital Management LLC acquired a new position in shares of Bottomline Technologies (de) in the fourth quarter worth $9,158,000. KAMES CAPITAL plc raised its holdings in shares of Bottomline Technologies (de) by 0.6% in the fourth quarter. KAMES CAPITAL plc now owns 897,665 shares of the technology company’s stock worth $47,352,000 after acquiring an additional 5,242 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Bottomline Technologies (de) in the fourth quarter worth $230,000. 91.49% of the stock is owned by hedge funds and other institutional investors.

Shares of EPAY stock opened at $38.51 on Friday. The business’s 50 day moving average is $45.62 and its two-hundred day moving average is $47.13. Bottomline Technologies has a twelve month low of $36.23 and a twelve month high of $55.63. The company has a market capitalization of $1.75 billion, a P/E ratio of -213.93, a price-to-earnings-growth ratio of 5.50 and a beta of 1.29. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.43.

About Bottomline Technologies (de)

Bottomline Technologies (de), Inc provides various solutions for the banking, financial services, insurance, healthcare, technology, retail, communications, education, media, manufacturing, and government industries. It operates through four segments: Cloud Solutions, Banking Solutions, Payments and Documents, and Other.

Featured Story: Most Volatile Stocks

Get a free copy of the Zacks research report on Bottomline Technologies (de) (EPAY)

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

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