-$0.01 EPS Expected for Bandwidth Inc (NASDAQ:BAND) This Quarter

Share on StockTwits

Analysts expect Bandwidth Inc (NASDAQ:BAND) to post earnings per share of ($0.01) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Bandwidth’s earnings. The highest EPS estimate is $0.04 and the lowest is ($0.03). Bandwidth reported earnings of ($0.06) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 83.3%. The firm is scheduled to issue its next earnings report after the market closes on Thursday, October 29th.

According to Zacks, analysts expect that Bandwidth will report full year earnings of $0.10 per share for the current year, with EPS estimates ranging from $0.06 to $0.16. For the next year, analysts anticipate that the company will post earnings of $0.23 per share, with EPS estimates ranging from $0.11 to $0.54. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Bandwidth.

Bandwidth (NASDAQ:BAND) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.13 earnings per share for the quarter. The business had revenue of $76.79 million for the quarter, compared to analyst estimates of $70.44 million. Bandwidth had a negative return on equity of 1.42% and a negative net margin of 9.21%.

Several equities analysts have recently weighed in on the company. Zacks Investment Research raised Bandwidth from a “sell” rating to a “hold” rating and set a $206.00 price objective on the stock in a research note on Thursday. Morgan Stanley lowered Bandwidth from an “equal weight” rating to an “underweight” rating and set a $140.00 price objective on the stock. in a research note on Wednesday, October 7th. KeyCorp raised their target price on Bandwidth from $125.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, July 31st. JPMorgan Chase & Co. raised their target price on Bandwidth from $170.00 to $190.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, BidaskClub upgraded Bandwidth from a “buy” rating to a “strong-buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $180.25.

In other Bandwidth news, Director Douglas A. Suriano sold 234 shares of Bandwidth stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $175.90, for a total transaction of $41,160.60. Following the sale, the director now directly owns 5,565 shares in the company, valued at approximately $978,883.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kade Ross sold 500 shares of Bandwidth stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $166.60, for a total value of $83,300.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,234 shares of company stock worth $213,106 over the last 90 days. 11.05% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of BAND. FMR LLC increased its holdings in shares of Bandwidth by 633.1% in the 2nd quarter. FMR LLC now owns 634,880 shares of the company’s stock valued at $80,629,000 after acquiring an additional 548,280 shares during the last quarter. Macquarie Group Ltd. increased its holdings in shares of Bandwidth by 1,098.1% in the 2nd quarter. Macquarie Group Ltd. now owns 498,505 shares of the company’s stock valued at $63,310,000 after acquiring an additional 456,898 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Bandwidth by 32.5% in the 2nd quarter. Vanguard Group Inc. now owns 1,691,133 shares of the company’s stock valued at $214,774,000 after acquiring an additional 414,818 shares during the last quarter. TimesSquare Capital Management LLC bought a new stake in shares of Bandwidth in the 2nd quarter valued at approximately $34,187,000. Finally, Clearbridge Investments LLC increased its holdings in shares of Bandwidth by 40.6% in the 1st quarter. Clearbridge Investments LLC now owns 762,320 shares of the company’s stock valued at $51,297,000 after acquiring an additional 220,201 shares during the last quarter. Institutional investors and hedge funds own 89.87% of the company’s stock.

Shares of NASDAQ BAND traded down $3.48 during midday trading on Monday, hitting $185.34. The stock had a trading volume of 268,348 shares, compared to its average volume of 411,070. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of -181.71 and a beta of 0.76. Bandwidth has a 1-year low of $42.61 and a 1-year high of $198.60. The company has a quick ratio of 11.85, a current ratio of 11.85 and a debt-to-equity ratio of 0.87. The company has a fifty day moving average price of $164.02 and a 200 day moving average price of $127.85.

About Bandwidth

Bandwidth Inc operates as a cloud-based software-powered communications platform-as-a-service (CPaaS) provider in the United States. The company operates through two segments, CPaaS and Other. Its platform enables enterprises to create, scale, and operate voice or text communications services across mobile application or connected device.

Featured Story: Diversification

Get a free copy of the Zacks research report on Bandwidth (BAND)

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

Earnings History and Estimates for Bandwidth (NASDAQ:BAND)

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