BlackLine (NASDAQ:BL) Issues FY 2025 Earnings Guidance

BlackLine (NASDAQ:BL) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.970-2.100 for the period, compared to the consensus earnings per share estimate of 2.280. The company issued revenue guidance of $699.0 million-$705.0 million, compared to the consensus revenue estimate of $711.7 million. BlackLine also updated its Q1 2025 guidance to 0.360-0.390 EPS.

Analysts Set New Price Targets

Several brokerages have issued reports on BL. Citigroup raised BlackLine from a “neutral” rating to a “buy” rating and set a $73.00 price target on the stock in a research note on Thursday, January 16th. Bank of America upgraded shares of BlackLine from an “underperform” rating to a “buy” rating and upped their price objective for the company from $50.00 to $75.00 in a report on Thursday, January 30th. Morgan Stanley boosted their target price on BlackLine from $70.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. increased their price target on BlackLine from $47.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Finally, JMP Securities restated a “market outperform” rating and set a $86.00 price objective on shares of BlackLine in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $67.90.

BlackLine Stock Performance

Shares of BL stock traded down $11.04 on Wednesday, hitting $52.36. 841,339 shares of the stock were exchanged, compared to its average volume of 559,188. BlackLine has a one year low of $43.37 and a one year high of $69.31. The firm’s 50 day moving average is $61.84 and its two-hundred day moving average is $56.69. The firm has a market capitalization of $3.27 billion, a PE ratio of 53.41, a P/E/G ratio of 9.14 and a beta of 0.92. The company has a current ratio of 2.69, a quick ratio of 2.69 and a debt-to-equity ratio of 2.42.

BlackLine (NASDAQ:BL) last released its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.29). BlackLine had a return on equity of 31.02% and a net margin of 19.83%. Sell-side analysts expect that BlackLine will post 1 earnings per share for the current fiscal year.

Insider Buying and Selling at BlackLine

In other BlackLine news, CRO Mark Woodhams sold 24,408 shares of BlackLine stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $64.32, for a total transaction of $1,569,922.56. Following the completion of the sale, the executive now directly owns 72,920 shares in the company, valued at $4,690,214.40. The trade was a 25.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 9.93% of the company’s stock.

About BlackLine

BlackLine, Inc operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance.