BILL (NYSE:BILL) Updates FY25 Earnings Guidance

BILL (NYSE:BILL) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.65-1.83 for the period, compared to the consensus estimate of $1.58. The company issued revenue guidance of $1.439-1.464 billion, compared to the consensus revenue estimate of $1.44 billion. BILL also updated its Q2 guidance to $0.44-0.48 EPS.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BILL shares. BMO Capital Markets decreased their price target on BILL from $75.00 to $57.00 and set a “market perform” rating on the stock in a research note on Monday, August 26th. Robert W. Baird boosted their target price on shares of BILL from $60.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods reduced their price objective on shares of BILL from $60.00 to $55.00 and set a “market perform” rating for the company in a research note on Friday, August 23rd. BNP Paribas upgraded shares of BILL from a “neutral” rating to an “outperform” rating and set a $90.00 target price on the stock in a research report on Thursday, September 12th. Finally, Evercore ISI dropped their target price on shares of BILL from $70.00 to $60.00 and set an “in-line” rating for the company in a report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, BILL presently has an average rating of “Hold” and a consensus price target of $70.71.

BILL Price Performance

Shares of NYSE:BILL traded up $1.18 on Thursday, hitting $65.90. The company had a trading volume of 2,534,030 shares, compared to its average volume of 1,889,971. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.22. The company has a market cap of $6.82 billion, a PE ratio of -98.36 and a beta of 1.59. BILL has a 52-week low of $43.11 and a 52-week high of $87.05. The business has a 50 day moving average of $54.78 and a 200 day moving average of $53.43.

BILL (NYSE:BILL) last announced its earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.11. BILL had a negative net margin of 2.24% and a positive return on equity of 1.13%. The firm had revenue of $343.67 million during the quarter, compared to the consensus estimate of $328.27 million. During the same quarter in the previous year, the company posted $0.10 EPS. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. As a group, equities analysts anticipate that BILL will post -0.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other BILL news, CEO Rene A. Lacerte purchased 42,248 shares of the business’s stock in a transaction on Monday, August 26th. The stock was bought at an average cost of $49.60 per share, for a total transaction of $2,095,500.80. Following the acquisition, the chief executive officer now owns 184,249 shares of the company’s stock, valued at approximately $9,138,750.40. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In other BILL news, CEO Rene A. Lacerte purchased 42,248 shares of the stock in a transaction on Monday, August 26th. The stock was bought at an average price of $49.60 per share, for a total transaction of $2,095,500.80. Following the acquisition, the chief executive officer now directly owns 184,249 shares of the company’s stock, valued at $9,138,750.40. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Alison Wagonfeld sold 519 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $57.50, for a total transaction of $29,842.50. Following the transaction, the director now directly owns 1,038 shares of the company’s stock, valued at approximately $59,685. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 68,372 shares of company stock worth $3,404,826 and have sold 3,808 shares worth $209,866. 3.80% of the stock is owned by company 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.