BILL (NYSE:BILL) Releases Q4 Earnings Guidance

BILL (NYSE:BILL) issued an update on its fourth quarter earnings guidance on Thursday morning. 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 Stock Up 0.8 %

NYSE:BILL traded up $0.50 during trading hours on Thursday, hitting $63.30. 3,703,326 shares of the company traded hands, compared to its average volume of 2,123,785. BILL has a one year low of $51.94 and a one year high of $139.50. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.43. The company has a market cap of $6.66 billion, a PE ratio of -58.14, a PEG ratio of 83.93 and a beta of 1.68. The firm’s 50-day simple moving average is $64.26 and its 200-day simple moving average is $71.39.

BILL (NYSE:BILL) last issued 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. The company had revenue of $318.50 million during the quarter, compared to the consensus estimate of $296.62 million. BILL had a positive return on equity of 0.29% and a negative net margin of 9.67%. Equities analysts predict that BILL will post 0.03 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on BILL. Needham & Company LLC reissued a buy rating and set a $100.00 price objective on shares of BILL in a research note on Friday, February 9th. Wells Fargo & Company reiterated an underweight rating and set a $60.00 price target (down previously from $70.00) on shares of BILL in a research report on Monday, April 1st. Citigroup boosted their price objective on BILL from $85.00 to $86.00 and gave the stock a buy rating in a report on Monday, February 12th. Jefferies Financial Group lowered their target price on shares of BILL from $95.00 to $80.00 and set a buy rating on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. cut their price target on shares of BILL from $93.00 to $90.00 and set an overweight rating for the company in a research note on Friday, February 9th. 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 stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $101.57.

Insider Activity

In related news, SVP Germaine Cota sold 920 shares of the business’s stock in a transaction that occurred on 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 transaction, the senior vice president now owns 5,093 shares in the company, valued at approximately $332,776.62. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.