Apptio Inc (APTI) Expected to Post Earnings of $0.01 Per Share

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Equities research analysts expect Apptio Inc (NASDAQ:APTI) to post earnings of $0.01 per share for the current fiscal quarter, Zacks 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 indicates a positive year over year growth rate of 116.7%. The firm is expected to announce its next earnings report on Monday, February 4th.

On average, analysts expect that Apptio will report full-year earnings of $0.08 per share for the current fiscal year, with EPS estimates ranging from $0.07 to $0.09. For the next year, analysts forecast that the business will post earnings of $0.26 per share, with EPS estimates ranging from $0.19 to $0.43. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Apptio.

Apptio (NASDAQ:APTI) last announced its quarterly earnings data on Monday, October 29th. The technology company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $59.22 million for the quarter, compared to analyst estimates of $58.09 million. Apptio had a negative return on equity of 15.14% and a negative net margin of 11.06%. The company’s revenue was up 26.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.01 earnings per share.

A number of research analysts have recently weighed in on APTI shares. BidaskClub lowered Apptio from a “sell” rating to a “strong sell” rating in a report on Friday, October 12th. Jefferies Financial Group increased their price objective on Apptio to $47.00 and gave the company a “buy” rating in a report on Thursday, September 13th. Royal Bank of Canada cut their price objective on Apptio to $35.00 and set an “outperform” rating on the stock in a report on Tuesday, October 30th. Barclays increased their price objective on Apptio from $36.00 to $37.00 and gave the company an “equal weight” rating in a report on Friday, September 7th. Finally, Nomura cut their price objective on Apptio from $41.00 to $39.00 and set a “buy” rating on the stock in a report on Tuesday, October 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $33.80.

Shares of APTI stock traded up $0.02 during mid-day trading on Wednesday, reaching $37.77. The stock had a trading volume of 3,285,187 shares, compared to its average volume of 669,968. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.31 and a current ratio of 2.31. The firm has a market capitalization of $1.70 billion, a PE ratio of -59.02 and a beta of 1.62. Apptio has a 1-year low of $21.15 and a 1-year high of $41.36.

In other news, insider Sachin Gupta sold 25,000 shares of the company’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $35.17, for a total value of $879,250.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Peter S. Klein sold 8,000 shares of the company’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $37.74, for a total value of $301,920.00. The disclosure for this sale can be found here. Insiders sold 199,924 shares of company stock worth $7,113,740 in the last 90 days. Company insiders own 24.16% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of APTI. BlackRock Inc. boosted its stake in shares of Apptio by 72.3% in the second quarter. BlackRock Inc. now owns 2,188,265 shares of the technology company’s stock worth $79,215,000 after buying an additional 918,403 shares during the last quarter. Macquarie Group Ltd. boosted its position in Apptio by 136.6% during the second quarter. Macquarie Group Ltd. now owns 1,040,239 shares of the technology company’s stock worth $37,657,000 after purchasing an additional 600,662 shares in the last quarter. Fred Alger Management Inc. boosted its position in Apptio by 85.2% during the second quarter. Fred Alger Management Inc. now owns 1,301,204 shares of the technology company’s stock worth $47,104,000 after purchasing an additional 598,662 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new position in Apptio during the second quarter worth approximately $13,322,000. Finally, Nomura Holdings Inc. boosted its position in Apptio by 3,597.0% during the second quarter. Nomura Holdings Inc. now owns 372,994 shares of the technology company’s stock worth $13,502,000 after purchasing an additional 362,905 shares in the last quarter. Hedge funds and other institutional investors own 72.72% of the company’s stock.

Apptio Company Profile

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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