BILL (NYSE:BILL) Updates FY 2024 Earnings Guidance

BILL (NYSE:BILL) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 1.960-2.030 for the period, compared to the consensus estimate of 2.230. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.2 billion. BILL also updated its Q4 2024 guidance to 0.410-0.490 EPS.

Analysts Set New Price Targets

A number of brokerages have weighed in on BILL. Jefferies Financial Group cut their target price on shares of BILL from $95.00 to $80.00 and set a buy rating on the stock in a research report on Monday, April 29th. Oppenheimer raised their target price on shares of BILL from $75.00 to $83.00 and gave the company an overweight rating in a research report on Friday, February 9th. BMO Capital Markets cut their target price on shares of BILL from $82.00 to $75.00 and set a market perform rating on the stock in a research report on Friday. Robert W. Baird cut their target price on shares of BILL from $78.00 to $74.00 and set a neutral rating on the stock in a research report on Monday, April 22nd. Finally, BNP Paribas upgraded 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, BILL currently has a consensus rating of Moderate Buy and a consensus target price of $97.35.

BILL Stock Down 0.5 %

Shares of NYSE BILL traded down $0.26 during trading on Monday, hitting $56.32. The stock had a trading volume of 2,309,870 shares, compared to its average volume of 2,188,146. BILL has a 12 month low of $51.94 and a 12 month high of $139.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market capitalization of $5.92 billion, a PE ratio of -71.62, a PEG ratio of 62.44 and a beta of 1.68. The firm has a fifty day moving average of $64.16 and a two-hundred day moving average of $70.44.

BILL (NYSE:BILL) last posted its earnings results on Thursday, February 8th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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. As a group, equities research analysts forecast that BILL will post 0.04 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Germaine Cota sold 920 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were 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 Securities & Exchange Commission, which is available through this link. 3.80% of the stock is owned by insiders.

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.