BILL (NYSE:BILL) Issues Q4 Earnings Guidance

BILL (NYSE:BILL) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.41-0.49 for the period, compared to the consensus earnings per share estimate of $0.54. The company issued revenue guidance of $320-330 million, compared to the consensus revenue estimate of $315.23 million.

Wall Street Analyst Weigh In

BILL has been the topic of several research reports. BMO Capital Markets dropped their price objective on BILL from $82.00 to $75.00 and set a market perform rating on the stock in a report on Friday. Piper Sandler reduced their price target on BILL from $95.00 to $77.00 and set an overweight rating for the company in a report on Friday, April 12th. Jefferies Financial Group cut their price objective on BILL from $95.00 to $80.00 and set a buy rating for the company in a research report on Monday, April 29th. Wells Fargo & Company reaffirmed an underweight rating and set a $60.00 price target (down from $70.00) on shares of BILL in a research note on Monday, April 1st. Finally, Robert W. Baird reduced their price objective on shares of BILL from $78.00 to $74.00 and set a neutral rating for the company in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $99.62.

BILL Trading Down 10.6 %

NYSE BILL traded down $6.72 on Friday, hitting $56.58. 7,372,979 shares of the stock were exchanged, compared to its average volume of 1,547,327. The company’s 50-day moving average price is $64.16 and its two-hundred day moving average price is $70.44. BILL has a 52-week low of $51.94 and a 52-week high of $139.50. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of -71.62, a P/E/G ratio of 76.15 and a beta of 1.68. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69.

BILL (NYSE:BILL) last announced its earnings results on Thursday, February 8th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.26. The firm had revenue of $318.50 million during the quarter, compared to analysts’ expectations of $296.62 million. BILL had a positive return on equity of 0.98% and a negative net margin of 4.21%. Research analysts predict that BILL will post 0.04 EPS for the current year.

Insider Activity

In related news, SVP Germaine Cota sold 920 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $65.34, for a total transaction of $60,112.80. Following the completion of the sale, the senior vice president now owns 5,093 shares in the company, valued at approximately $332,776.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.80% of the company’s stock.

BILL Company Profile

BILL Holdings, Inc provides financial automation software for small and midsize businesses worldwide. The company provides software-as-a-service, cloud-based payments, and spend management products, which allow users to automate accounts payable and accounts receivable transactions, as well as enable users to connect with their suppliers and/or customers to do business, eliminate expense reports, manage cash flows, and improve office efficiency.