BILL (NYSE:BILL) Updates Q4 2024 Earnings Guidance

BILL (NYSE:BILL) issued an update on its fourth quarter 2024 earnings guidance on Friday morning. The company provided earnings per share guidance of 0.410-0.490 for the period, compared to the consensus earnings per share estimate of 0.540. The company issued revenue guidance of $320.0 million-$330.0 million, compared to the consensus revenue estimate of $314.7 million. BILL also updated its FY 2024 guidance to 1.960-2.030 EPS.

BILL Price Performance

Shares of NYSE:BILL traded down $0.24 during trading on Monday, hitting $56.34. 2,227,094 shares of the company’s stock were exchanged, compared to its average volume of 2,187,142. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69. BILL has a 52-week low of $51.94 and a 52-week high of $139.50. The business’s 50-day simple moving average is $64.16 and its 200 day simple moving average is $70.44. The company has a market cap of $5.92 billion, a price-to-earnings ratio of -71.62, a PEG ratio of 62.44 and a beta of 1.68.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Piper Sandler dropped their target price on BILL from $95.00 to $77.00 and set an overweight rating for the company in a report on Friday, April 12th. Citigroup lifted their target price on BILL from $85.00 to $86.00 and gave the stock a buy rating in a report on Monday, February 12th. Robert W. Baird dropped their target price on BILL from $78.00 to $74.00 and set a neutral rating for the company in a report on Monday, April 22nd. Mizuho decreased their price target on BILL from $65.00 to $60.00 and set a neutral rating for the company in a research note on Monday. Finally, BMO Capital Markets decreased their price target on BILL from $82.00 to $75.00 and set a market perform rating for the company in a research note on Friday. One investment 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $97.35.

Insider Buying and Selling

In other news, SVP Germaine Cota sold 920 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 5,093 shares in the company, valued at $332,776.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.