BILL (NYSE:BILL) Releases Q4 Earnings Guidance

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

BILL Stock Performance

BILL stock traded down $6.72 during mid-day trading on Friday, reaching $56.58. The company’s stock had a trading volume of 7,372,979 shares, compared to its average volume of 1,547,327. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market capitalization of $5.95 billion, a P/E ratio of -71.62, a PEG ratio of 76.15 and a beta of 1.68. BILL has a 12-month low of $51.94 and a 12-month high of $139.50. The firm’s fifty day moving average price is $64.16 and its two-hundred day moving average price is $70.44.

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

Analysts Set New Price Targets

BILL has been the topic of a number of research analyst reports. BNP Paribas raised shares of BILL from an underperform rating to a neutral rating and set a $72.00 price target on the stock in a report on Wednesday, March 13th. Canaccord Genuity Group reissued a buy rating and issued a $100.00 target price on shares of BILL in a research note on Friday. JPMorgan Chase & Co. dropped their price target on BILL from $93.00 to $90.00 and set an overweight rating for the company in a research note on Friday, February 9th. Wells Fargo & Company reiterated an underweight rating and issued a $60.00 price objective (down from $70.00) on shares of BILL in a report on Monday, April 1st. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $100.00 price target on shares of BILL in a research note on Friday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $99.62.

Insider Activity at BILL

In related news, SVP Germaine Cota sold 920 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $65.34, for a total value of $60,112.80. Following the transaction, the senior vice president now directly owns 5,093 shares of the company’s stock, valued at approximately $332,776.62. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.80% of the stock is owned by company 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.