BILL (NYSE:BILL) Issues FY25 Earnings Guidance

BILL (NYSE:BILL) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.65-1.83 for the period, compared to the consensus estimate of $1.58. The company issued revenue guidance of $1.439-1.464 billion, compared to the consensus revenue estimate of $1.44 billion. BILL also updated its Q2 guidance to $0.44-0.48 EPS.

BILL Stock Up 1.8 %

Shares of NYSE BILL traded up $1.18 on Thursday, hitting $65.90. The company had a trading volume of 2,534,030 shares, compared to its average volume of 1,889,971. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.22. BILL has a 12-month low of $43.11 and a 12-month high of $87.05. The firm has a market capitalization of $6.82 billion, a P/E ratio of -98.36 and a beta of 1.59. The business has a 50 day moving average of $54.78 and a two-hundred day moving average of $53.43.

BILL (NYSE:BILL) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.11. The company had revenue of $343.67 million during the quarter, compared to the consensus estimate of $328.27 million. BILL had a negative net margin of 2.24% and a positive return on equity of 1.13%. BILL’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter last year, the company earned $0.10 earnings per share. As a group, equities research analysts forecast that BILL will post -0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BILL has been the topic of a number of analyst reports. Evercore ISI dropped their target price on BILL from $70.00 to $60.00 and set an “in-line” rating on the stock in a research report on Friday, August 23rd. JPMorgan Chase & Co. dropped their price objective on BILL from $80.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, August 20th. Mizuho reduced their target price on BILL from $60.00 to $52.00 and set a “neutral” rating for the company in a research note on Wednesday, August 28th. Robert W. Baird lifted their price target on shares of BILL from $60.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Finally, UBS Group cut their price target on shares of BILL from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, BILL presently has a consensus rating of “Hold” and an average target price of $70.71.

Insider Buying and Selling at BILL

In related news, CFO John R. Rettig purchased 21,124 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were acquired at an average cost of $49.40 per share, for a total transaction of $1,043,525.60. Following the transaction, the chief financial officer now owns 80,474 shares of the company’s stock, valued at $3,975,415.60. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Alison Wagonfeld sold 519 shares of BILL stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $57.50, for a total value of $29,842.50. Following the sale, the director now directly owns 1,038 shares in the company, valued at $59,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO John R. Rettig bought 21,124 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was purchased at an average price of $49.40 per share, with a total value of $1,043,525.60. Following the transaction, the chief financial officer now owns 80,474 shares in the company, valued at $3,975,415.60. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 68,372 shares of company stock worth $3,404,826 and sold 3,808 shares worth $209,866. 3.80% of the stock is currently owned by insiders.

About BILL

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.