Bill.com Holdings, Inc. (NYSE:BILL) Expected to Post Quarterly Sales of $130.60 Million

Brokerages expect that Bill.com Holdings, Inc. (NYSE:BILL) will announce $130.60 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Bill.com’s earnings. The highest sales estimate is $131.44 million and the lowest is $130.22 million. Bill.com posted sales of $54.05 million in the same quarter last year, which would indicate a positive year over year growth rate of 141.6%. The firm is scheduled to report its next earnings report on Thursday, February 3rd.

According to Zacks, analysts expect that Bill.com will report full year sales of $540.10 million for the current financial year, with estimates ranging from $538.08 million to $542.93 million. For the next fiscal year, analysts anticipate that the firm will post sales of $708.30 million, with estimates ranging from $635.63 million to $759.66 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Bill.com.

Bill.com (NYSE:BILL) last released its earnings results on Thursday, November 4th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.06. Bill.com had a negative net margin of 52.34% and a negative return on equity of 5.22%. The firm had revenue of $116.40 million during the quarter, compared to analyst estimates of $104.59 million. During the same quarter last year, the business earned ($0.17) EPS. The business’s revenue was up 151.9% on a year-over-year basis.

Several research firms have recently commented on BILL. Sumitomo Mitsui Financial Group assumed coverage on shares of Bill.com in a report on Wednesday, November 3rd. They issued an “outperform” rating and a $350.00 price target for the company. Needham & Company LLC lifted their price objective on shares of Bill.com from $280.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, November 5th. Guggenheim lifted their price objective on shares of Bill.com from $214.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, August 27th. Piper Sandler lifted their price objective on shares of Bill.com from $280.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, November 5th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $309.00 price objective on shares of Bill.com in a research report on Friday, November 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $287.00.

In other Bill.com news, Director Allison Mnookin sold 10,000 shares of the company’s stock in a transaction on Monday, November 8th. The shares were sold at an average price of $341.03, for a total transaction of $3,410,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Rajesh A. Aji sold 1,562 shares of the company’s stock in a transaction on Tuesday, November 9th. The stock was sold at an average price of $343.17, for a total transaction of $536,031.54. The disclosure for this sale can be found here. Over the last quarter, insiders sold 526,293 shares of company stock valued at $155,562,454. Company insiders own 5.70% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. grew its holdings in shares of Bill.com by 2,283.3% in the second quarter. Newbridge Financial Services Group Inc. now owns 143 shares of the company’s stock valued at $26,000 after purchasing an additional 137 shares during the period. Winch Advisory Services LLC grew its holdings in shares of Bill.com by 89.1% in the third quarter. Winch Advisory Services LLC now owns 121 shares of the company’s stock valued at $32,000 after purchasing an additional 57 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Bill.com by 48.4% in the second quarter. PNC Financial Services Group Inc. now owns 184 shares of the company’s stock valued at $34,000 after purchasing an additional 60 shares during the period. KB Financial Partners LLC grew its holdings in shares of Bill.com by 33.1% in the second quarter. KB Financial Partners LLC now owns 209 shares of the company’s stock valued at $38,000 after purchasing an additional 52 shares during the period. Finally, Berman Capital Advisors LLC grew its holdings in shares of Bill.com by 1,038.1% in the second quarter. Berman Capital Advisors LLC now owns 239 shares of the company’s stock valued at $43,000 after purchasing an additional 218 shares during the period. 87.02% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:BILL traded up $3.74 during trading hours on Thursday, hitting $298.76. The company’s stock had a trading volume of 2,024,120 shares, compared to its average volume of 1,379,083. Bill.com has a 52 week low of $108.52 and a 52 week high of $348.49. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.50 and a quick ratio of 1.50. The company has a market capitalization of $30.64 billion, a price-to-earnings ratio of -165.98 and a beta of 2.32. The firm’s fifty day moving average price is $295.39 and its 200 day moving average price is $230.74.

About Bill.com

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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