$0.27 Earnings Per Share Expected for Bottomline Technologies (NASDAQ:EPAY) This Quarter

Brokerages expect Bottomline Technologies (NASDAQ:EPAY) to announce earnings per share of $0.27 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Bottomline Technologies’ earnings. The highest EPS estimate is $0.29 and the lowest is $0.25. Bottomline Technologies reported earnings of $0.33 per share in the same quarter last year, which would suggest a negative year over year growth rate of 18.2%. The firm is scheduled to report its next quarterly earnings results on Thursday, November 14th.

On average, analysts expect that Bottomline Technologies will report full year earnings of $1.40 per share for the current year, with EPS estimates ranging from $1.35 to $1.45. For the next financial year, analysts anticipate that the business will post earnings of $1.56 per share, with EPS estimates ranging from $1.48 to $1.64. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that cover Bottomline Technologies.

Bottomline Technologies (NASDAQ:EPAY) last released its earnings results on Thursday, August 8th. The technology company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.19. Bottomline Technologies had a net margin of 2.24% and a return on equity of 6.07%. The business had revenue of $108.24 million during the quarter, compared to analysts’ expectations of $106.17 million. During the same quarter last year, the company earned $0.35 earnings per share. The firm’s revenue was up 1.7% on a year-over-year basis.

Several research firms recently weighed in on EPAY. ValuEngine upgraded shares of Bottomline Technologies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th. Craig Hallum raised shares of Bottomline Technologies from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Friday, August 9th. TheStreet lowered shares of Bottomline Technologies from a “b-” rating to a “c+” rating in a research report on Friday, May 3rd. Needham & Company LLC reissued a “buy” rating and issued a $57.00 price target (down previously from $66.00) on shares of Bottomline Technologies in a research report on Friday, May 3rd. Finally, Raymond James increased their price target on shares of Bottomline Technologies from $55.00 to $57.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Three investment 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. Bottomline Technologies currently has an average rating of “Buy” and a consensus price target of $60.79.

In related news, insider Nigel K. Savory sold 5,068 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $43.35, for a total value of $219,697.80. Following the completion of the transaction, the insider now owns 156,832 shares of the company’s stock, valued at $6,798,667.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Norman J. Deluca sold 9,925 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $43.22, for a total transaction of $428,958.50. Following the completion of the transaction, the insider now directly owns 57,638 shares of the company’s stock, valued at approximately $2,491,114.36. The disclosure for this sale can be found here. Insiders sold 28,490 shares of company stock valued at $1,248,481 in the last three months. Company insiders own 2.40% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Advisory Services Network LLC increased its holdings in shares of Bottomline Technologies by 10.6% in the first quarter. Advisory Services Network LLC now owns 4,587 shares of the technology company’s stock valued at $230,000 after purchasing an additional 439 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Bottomline Technologies by 4.9% in the second quarter. Oregon Public Employees Retirement Fund now owns 14,876 shares of the technology company’s stock valued at $658,000 after purchasing an additional 700 shares in the last quarter. American Capital Management Inc. increased its holdings in shares of Bottomline Technologies by 132.7% in the first quarter. American Capital Management Inc. now owns 33,340 shares of the technology company’s stock valued at $1,670,000 after purchasing an additional 19,015 shares in the last quarter. Simplex Trading LLC increased its holdings in shares of Bottomline Technologies by 139.2% in the second quarter. Simplex Trading LLC now owns 11,706 shares of the technology company’s stock valued at $517,000 after purchasing an additional 6,813 shares in the last quarter. Finally, Strs Ohio increased its holdings in shares of Bottomline Technologies by 17.3% in the first quarter. Strs Ohio now owns 95,400 shares of the technology company’s stock valued at $4,778,000 after purchasing an additional 14,100 shares in the last quarter. 89.82% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ EPAY traded up $0.64 during mid-day trading on Thursday, hitting $43.88. The company had a trading volume of 15,488 shares, compared to its average volume of 305,491. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.70 and a quick ratio of 1.57. The business’s 50-day simple moving average is $42.86 and its 200-day simple moving average is $45.91. Bottomline Technologies has a 12 month low of $39.49 and a 12 month high of $74.05. The firm has a market cap of $1.85 billion, a P/E ratio of 45.12 and a beta of 0.96.

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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