Bill.com (NYSE:BILL) Updates FY 2022 Earnings Guidance

Bill.com (NYSE:BILL) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share guidance of $-0.920-$-0.880 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.140. The company issued revenue guidance of $476 million-$480 million, compared to the consensus revenue estimate of $308.29 million.Bill.com also updated its Q1 2022 guidance to $-0.210-$-0.200 EPS.

A number of analysts have issued reports on BILL shares. Bank of America raised their target price on Bill.com from $185.00 to $320.00 and gave the stock a buy rating in a research report on Friday, August 27th. Jefferies Financial Group upgraded Bill.com from a hold rating to a buy rating and boosted their price objective for the company from $155.00 to $250.00 in a research note on Thursday, August 19th. Susquehanna increased their target price on shares of Bill.com from $160.00 to $176.00 and gave the stock a neutral rating in a research report on Friday, June 25th. KeyCorp boosted their target price on shares of Bill.com from $175.00 to $275.00 and gave the company an overweight rating in a report on Friday, August 27th. Finally, Guggenheim increased their price objective on Bill.com from $214.00 to $280.00 and gave the stock a buy rating in a report on Friday, August 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Bill.com presently has a consensus rating of Buy and an average price target of $247.00.

Shares of BILL opened at $273.13 on Friday. The firm has a market cap of $25.89 billion, a price-to-earnings ratio of -233.44 and a beta of 2.42. The firm has a 50 day moving average price of $239.08 and a 200-day moving average price of $186.76. Bill.com has a fifty-two week low of $89.19 and a fifty-two week high of $301.99. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.55 and a current ratio of 1.55.

Bill.com (NYSE:BILL) last issued its earnings results on Wednesday, August 25th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). Bill.com had a negative net margin of 41.43% and a negative return on equity of 6.22%. The company had revenue of $78.30 million for the quarter, compared to analysts’ expectations of $64.98 million. During the same quarter in the prior year, the company earned ($0.02) earnings per share. The company’s revenue was up 85.9% compared to the same quarter last year. As a group, equities research analysts predict that Bill.com will post -2.15 earnings per share for the current year.

In related news, insider Bora Chung sold 34,247 shares of the stock in a transaction dated Thursday, September 16th. The shares were sold at an average price of $294.30, for a total value of $10,078,892.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rene A. Lacerte sold 75,000 shares of the business’s stock in a transaction dated Friday, August 27th. The stock was sold at an average price of $260.92, for a total transaction of $19,569,000.00. Following the sale, the chief executive officer now directly owns 113,022 shares in the company, valued at approximately $29,489,700.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 290,505 shares of company stock valued at $70,559,523. Insiders own 11.10% of the company’s stock.

An institutional investor recently raised its position in Bill.com stock. Morgan Stanley boosted its stake in shares of Bill.com Holdings, Inc. (NYSE:BILL) by 538.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 378,675 shares of the company’s stock after buying an additional 319,329 shares during the period. Morgan Stanley owned approximately 0.40% of Bill.com worth $69,366,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 87.23% of the company’s stock.

Bill.com Company Profile

Bill.com Holdings, Inc provides cloud-based software that digitizes and automates back-office financial operations for small and midsize businesses worldwide. It offers artificial-intelligence (AI)-enabled financial software platform. The company provides software-as-a-service, cloud-based payments 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, manage cash flows, and enhance office efficiency.

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