Wall Street brokerages expect Bottomline Technologies (NASDAQ:EPAY) to announce $108.58 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Bottomline Technologies’ earnings, with the highest sales estimate coming in at $109.10 million and the lowest estimate coming in at $107.64 million. Bottomline Technologies posted sales of $108.24 million in the same quarter last year, which suggests a positive year over year growth rate of 0.3%. The firm is scheduled to report its next earnings report on Thursday, August 13th.

According to Zacks, analysts expect that Bottomline Technologies will report full-year sales of $440.17 million for the current fiscal year, with estimates ranging from $439.22 million to $440.70 million. For the next financial year, analysts forecast that the firm will report sales of $479.12 million, with estimates ranging from $474.46 million to $482.60 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Bottomline Technologies.

Bottomline Technologies (NASDAQ:EPAY) last released its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.06). Bottomline Technologies had a negative net margin of 0.61% and a positive return on equity of 4.17%. The company had revenue of $111.70 million for the quarter, compared to analyst estimates of $113.06 million. During the same quarter in the prior year, the firm earned $0.33 EPS. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year.

A number of research analysts recently issued reports on EPAY shares. ValuEngine lowered Bottomline Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, May 19th. DA Davidson downgraded Bottomline Technologies from a “buy” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research note on Monday, May 4th. Barrington Research reaffirmed a “buy” rating and set a $57.50 target price on shares of Bottomline Technologies in a research note on Monday, May 4th. Citigroup lifted their target price on Bottomline Technologies from $46.00 to $49.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Finally, Needham & Company LLC boosted their price objective on Bottomline Technologies from $43.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $48.21.

In other Bottomline Technologies news, CEO Robert A. Eberle sold 2,299 shares of the business’s stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $38.34, for a total value of $88,143.66. Following the transaction, the chief executive officer now owns 424,901 shares in the company, valued at $16,290,704.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nigel K. Savory sold 14,116 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $50.06, for a total value of $706,646.96. Following the completion of the transaction, the director now owns 136,798 shares in the company, valued at approximately $6,848,107.88. The disclosure for this sale can be found here. Insiders have sold 49,527 shares of company stock worth $2,415,850 in the last quarter. 2.60% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the business. Mutual of America Capital Management LLC lifted its position in shares of Bottomline Technologies by 21.8% during the 1st quarter. Mutual of America Capital Management LLC now owns 1,662 shares of the technology company’s stock worth $61,000 after purchasing an additional 297 shares during the last quarter. Mason Street Advisors LLC lifted its position in shares of Bottomline Technologies by 2.4% during the 4th quarter. Mason Street Advisors LLC now owns 13,275 shares of the technology company’s stock worth $712,000 after purchasing an additional 310 shares during the last quarter. Amalgamated Bank lifted its position in shares of Bottomline Technologies by 4.9% during the 4th quarter. Amalgamated Bank now owns 8,293 shares of the technology company’s stock worth $445,000 after purchasing an additional 388 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Bottomline Technologies by 500.0% during the 4th quarter. Advisors Asset Management Inc. now owns 486 shares of the technology company’s stock worth $26,000 after purchasing an additional 405 shares during the last quarter. Finally, Point72 Hong Kong Ltd lifted its position in shares of Bottomline Technologies by 382.3% during the 4th quarter. Point72 Hong Kong Ltd now owns 545 shares of the technology company’s stock worth $29,000 after purchasing an additional 432 shares during the last quarter. 90.95% of the stock is owned by institutional investors.

NASDAQ:EPAY traded down $0.58 during midday trading on Wednesday, reaching $49.50. 132,938 shares of the company traded hands, compared to its average volume of 309,585. Bottomline Technologies has a twelve month low of $27.82 and a twelve month high of $57.22. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of -844.69, a price-to-earnings-growth ratio of 4.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.03 and a quick ratio of 2.03. The company has a fifty day moving average price of $49.47 and a 200 day moving average price of $46.20.

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.

Featured Story: Consumer Price Index (CPI)

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

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

Earnings History and Estimates for Bottomline Technologies (NASDAQ:EPAY)

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