BILL (NYSE:BILL) Issues FY 2024 Earnings Guidance

BILL (NYSE:BILL) updated its FY 2024 earnings guidance on Friday. The company provided EPS guidance of 1.960-2.030 for the period, compared to the consensus EPS 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.

BILL Stock Up 0.2 %

BILL traded up $0.11 on Monday, hitting $56.69. The company had a trading volume of 2,453,997 shares, compared to its average volume of 2,189,661. BILL has a 12-month low of $51.94 and a 12-month high of $139.50. The stock has a fifty day moving average price of $64.16 and a 200-day moving average price of $70.44. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of -71.62, a P/E/G ratio of 62.44 and a beta of 1.68.

BILL (NYSE:BILL) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $318.50 million during the quarter, compared to the consensus estimate of $296.62 million. Analysts predict that BILL will post 0.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BILL. BMO Capital Markets reduced their target price on shares of BILL from $82.00 to $75.00 and set a market perform rating on the stock in a report on Friday. JPMorgan Chase & Co. cut their price objective on shares of BILL from $93.00 to $90.00 and set an overweight rating on the stock in a research report on Friday, February 9th. Citigroup lifted their price target on BILL from $85.00 to $86.00 and gave the company a buy rating in a research report on Monday, February 12th. Wells Fargo & Company restated an underweight rating and set a $60.00 target price (down from $70.00) on shares of BILL in a report on Monday, April 1st. Finally, Jefferies Financial Group cut their price objective on BILL from $95.00 to $80.00 and set a buy rating on the stock in a report on Monday, April 29th. One 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’s stock. According to MarketBeat.com, BILL currently has an average rating of Moderate Buy and a consensus target price of $97.35.

Insider Buying and Selling at BILL

In other BILL news, SVP Germaine Cota sold 920 shares of the business’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 transaction, the senior vice president now directly owns 5,093 shares of the company’s stock, valued at $332,776.62. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company 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.