Jefferies Group Research Analysts Reduce Earnings Estimates for Apptio Inc. (APTI)
Apptio Inc. (NASDAQ:APTI) – Stock analysts at Jefferies Group reduced their Q1 2018 earnings estimates for Apptio in a research note issued on Tuesday. Jefferies Group analyst J. Difucci now expects that the technology company will post earnings per share of ($0.17) for the quarter, down from their previous estimate of ($0.08). Jefferies Group currently has a “Buy” rating and a $33.00 target price on the stock. Jefferies Group also issued estimates for Apptio’s Q2 2018 earnings at ($0.11) EPS, Q3 2018 earnings at ($0.06) EPS, Q4 2018 earnings at ($0.09) EPS, FY2018 earnings at ($0.42) EPS, Q1 2019 earnings at ($0.12) EPS, Q2 2019 earnings at ($0.05) EPS, Q3 2019 earnings at $0.00 EPS, Q4 2019 earnings at ($0.03) EPS and FY2019 earnings at ($0.20) EPS.
Apptio (NASDAQ:APTI) last announced its quarterly earnings results on Monday, February 5th. The technology company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.02. The company had revenue of $52.40 million during the quarter, compared to analysts’ expectations of $49.93 million. Apptio had a negative return on equity of 35.28% and a negative net margin of 13.59%. Apptio’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period last year, the business earned ($0.11) earnings per share.
Apptio (NASDAQ APTI) opened at $24.82 on Friday. The firm has a market capitalization of $1,030.00 and a P/E ratio of -38.18. Apptio has a 12-month low of $10.77 and a 12-month high of $26.99.
In other Apptio news, CFO Kurt Shintaffer sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $22.08, for a total value of $441,600.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sachin Gupta sold 50,593 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $22.00, for a total value of $1,113,046.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 431,185 shares of company stock worth $9,628,021. 43.20% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Clarius Group LLC acquired a new stake in Apptio in the fourth quarter valued at approximately $1,698,000. Citadel Advisors LLC grew its holdings in Apptio by 78.7% in the fourth quarter. Citadel Advisors LLC now owns 73,664 shares of the technology company’s stock valued at $1,733,000 after purchasing an additional 32,447 shares during the period. American International Group Inc. grew its holdings in Apptio by 32.0% in the fourth quarter. American International Group Inc. now owns 15,713 shares of the technology company’s stock valued at $370,000 after purchasing an additional 3,811 shares during the period. Bank of New York Mellon Corp grew its holdings in Apptio by 6.7% in the fourth quarter. Bank of New York Mellon Corp now owns 67,161 shares of the technology company’s stock valued at $1,580,000 after purchasing an additional 4,192 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in Apptio by 198.7% in the fourth quarter. Wells Fargo & Company MN now owns 65,735 shares of the technology company’s stock valued at $1,546,000 after purchasing an additional 43,726 shares during the period. 44.93% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY NOTICE: This article was reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this article on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark laws. The original version of this article can be read at https://theolympiareport.com/2018/02/11/jefferies-group-research-analysts-reduce-earnings-estimates-for-apptio-inc-apti.html.
Apptio, Inc is a provider of technology business management (TBM) solutions. The Company’s cloud-based platform and software as a service (SaaS) applications enable information technology (IT) leaders to analyze, optimize and plan technology investments, and benchmark the financial and operational performance against peers.
Receive News & Ratings for Apptio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apptio and related companies with MarketBeat.com's FREE daily email newsletter.