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 guidance of 1.960-2.030 for the period, compared to the consensus earnings per share 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.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BILL. 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. Oppenheimer upped their price target on BILL from $75.00 to $83.00 and gave the stock an overweight rating in a report on Friday, February 9th. BMO Capital Markets cut their price target on BILL from $82.00 to $75.00 and set a market perform rating on the stock in a report on Friday. Wells Fargo & Company restated an underweight rating and set a $60.00 price target (down previously from $70.00) on shares of BILL in a report on Monday, April 1st. Finally, BNP Paribas upgraded 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 investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, BILL currently has a consensus rating of Moderate Buy and an average target price of $97.35.

BILL Price Performance

BILL stock traded down $0.26 during trading on Monday, reaching $56.32. 2,309,870 shares of the company were exchanged, compared to its average volume of 2,188,146. The stock’s 50 day moving average price is $64.16 and its 200 day moving average price is $70.44. The company has a market cap of $5.92 billion, a P/E ratio of -71.62, a PEG ratio of 62.44 and a beta of 1.68. BILL has a 52-week low of $51.94 and a 52-week high of $139.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69.

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

Insider Buying and Selling

In other BILL news, SVP Germaine Cota sold 920 shares of the firm’s stock in a transaction dated 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate 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.