Brokerages forecast that SendGrid (NYSE:SEND) will announce earnings of ($0.01) per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for SendGrid’s earnings. The highest EPS estimate is $0.00 and the lowest is ($0.03). The company is expected to issue its next quarterly earnings report on Monday, May 28th.
According to Zacks, analysts expect that SendGrid will report full-year earnings of $0.07 per share for the current year, with EPS estimates ranging from $0.05 to $0.08. For the next year, analysts anticipate that the business will report earnings of $0.14 per share, with EPS estimates ranging from $0.09 to $0.19. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover SendGrid.
SendGrid (NYSE:SEND) last released its quarterly earnings results on Monday, February 26th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $31.73 million during the quarter, compared to analyst estimates of $29.45 million.
NYSE:SEND traded up $0.03 during trading hours on Monday, hitting $25.09. The company’s stock had a trading volume of 133,721 shares, compared to its average volume of 306,836. The stock has a market capitalization of $1,070.09 and a price-to-earnings ratio of -131.74. The company has a debt-to-equity ratio of 0.06, a quick ratio of 8.71 and a current ratio of 8.71. SendGrid has a 52-week low of $17.50 and a 52-week high of $32.03.
Institutional investors have recently bought and sold shares of the business. Deer VIII & Co. Ltd. acquired a new stake in SendGrid in the fourth quarter valued at $171,217,000. Spark Investment Management LLC acquired a new stake in SendGrid in the fourth quarter valued at $371,000. Pier Capital LLC acquired a new stake in SendGrid in the fourth quarter valued at $4,058,000. Virtu Financial LLC acquired a new stake in SendGrid in the fourth quarter valued at $297,000. Finally, Wells Fargo & Company MN acquired a new stake in shares of SendGrid during the fourth quarter valued at $9,128,000. 41.22% of the stock is currently owned by institutional investors.
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SendGrid Company Profile
SendGrid, Inc operates as a digital communication platform in the United States and internationally. Its cloud-based platform provides various tools to the businesses, including developers and marketers to reach their customers using an email. The company offers services, such as email application programming interface (API), which allow developers to use its API in their preferred development framework and to use its platform to add email functionality to their applications; marketing campaigns that allow marketers to upload and manage customer contact lists, create and test email templates, and execute and analyze email campaigns to engage customers; and expert services to help businesses optimize their email delivery.
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