BILL (NYSE:BILL) Releases Q4 Earnings Guidance

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

BILL Price Performance

Shares of NYSE BILL traded down $6.72 during trading on Friday, hitting $56.58. The company had a trading volume of 7,372,979 shares, compared to its average volume of 1,547,327. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of -71.62, a price-to-earnings-growth ratio of 76.15 and a beta of 1.68. The stock has a fifty day simple moving average of $64.16 and a two-hundred day simple moving average of $70.44. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.43. BILL has a fifty-two week low of $51.94 and a fifty-two week high of $139.50.

BILL (NYSE:BILL) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.26. The company had revenue of $318.50 million for the quarter, compared to analyst estimates of $296.62 million. BILL had a positive return on equity of 0.98% and a negative net margin of 4.21%. On average, research analysts expect that BILL will post 0.04 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. JPMorgan Chase & Co. reduced their price target on BILL from $93.00 to $90.00 and set an overweight rating on the stock in a report on Friday, February 9th. Robert W. Baird decreased their price objective on BILL from $78.00 to $74.00 and set a neutral rating on the stock in a report on Monday, April 22nd. Jefferies Financial Group cut their target price on BILL from $95.00 to $80.00 and set a buy rating for the company in a research note on Monday, April 29th. Piper Sandler decreased their price target on BILL from $95.00 to $77.00 and set an overweight rating on the stock in a research note on Friday, April 12th. Finally, Citigroup raised their price objective on BILL from $85.00 to $86.00 and gave the stock a buy rating in a research report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $99.62.

Insider Activity

In other BILL news, SVP Germaine Cota sold 920 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $65.34, for a total transaction of $60,112.80. Following 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 legal filing with the SEC, which is available through this link. Company insiders own 3.80% of the company’s stock.

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.