$0.01 Earnings Per Share Expected for Apptio Inc (APTI) This Quarter

Wall Street analysts expect that Apptio Inc (NASDAQ:APTI) will post $0.01 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Apptio’s earnings, with the highest EPS estimate coming in at $0.02 and the lowest estimate coming in at ($0.01). Apptio reported earnings of ($0.06) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 116.7%. The business is expected to report its next 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 year, with EPS estimates ranging from $0.08 to $0.09. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.28 per share, with EPS estimates ranging from $0.19 to $0.43. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Apptio.

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

APTI has been the subject of a number of recent analyst reports. BidaskClub cut shares of Apptio from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 20th. Royal Bank of Canada reiterated a “buy” rating and issued a $41.00 price target on shares of Apptio in a research note on Tuesday, July 31st. Jefferies Financial Group increased their price target on shares of Apptio to $47.00 and gave the company a “buy” rating in a research note on Thursday, September 13th. Bank of America increased their price target on shares of Apptio from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Finally, Zacks Investment Research upgraded shares of 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $33.80.

In other news, insider Christopher Pick sold 1,852 shares of the firm’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $35.31, for a total transaction of $65,394.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Lawrence Blasko sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $40.02, for a total transaction of $1,200,600.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 204,369 shares of company stock valued at $7,249,540. Corporate insiders own 24.16% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. First Mercantile Trust Co. lifted its stake in shares of Apptio by 134.6% during the 2nd 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 last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Apptio during the 1st quarter worth about $178,000. Tocqueville Asset Management L.P. acquired a new stake in shares of Apptio during the 2nd quarter worth about $253,000. Verition Fund Management LLC acquired a new stake in shares of Apptio during the 2nd quarter worth about $287,000. Finally, California Public Employees Retirement System acquired a new stake in Apptio in the 1st quarter worth about $269,000. Institutional investors own 72.63% of the company’s stock.

Shares of APTI stock opened at $24.85 on Wednesday. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of -38.83 and a beta of 1.62. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.70. Apptio has a one year low of $21.15 and a one year high of $41.36.

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.

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Earnings History and Estimates for Apptio (NASDAQ:APTI)

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