BILL (NYSE:BILL) Releases Q2 Earnings Guidance

BILL (NYSE:BILL) updated its second quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.44-0.48 for the period, compared to the consensus earnings per share estimate of $0.36. The company issued revenue guidance of $355.5-360.5 million, compared to the consensus revenue estimate of $355.19 million. BILL also updated its FY25 guidance to $1.65-1.83 EPS.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. BMO Capital Markets cut their price target on shares of BILL from $75.00 to $57.00 and set a “market perform” rating on the stock in a report on Monday, August 26th. Mizuho cut their price objective on shares of BILL from $60.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, August 28th. Wolfe Research downgraded BILL from an “outperform” rating to a “peer perform” rating in a research report on Thursday, August 1st. UBS Group reduced their price objective on BILL from $85.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Finally, Oppenheimer dropped their price objective on shares of BILL from $95.00 to $70.00 and set an “outperform” rating on the stock in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, BILL has a consensus rating of “Hold” and a consensus price target of $70.71.

BILL Price Performance

NYSE:BILL traded up $1.18 during trading hours on Thursday, reaching $65.90. 2,534,030 shares of the company were exchanged, compared to its average volume of 1,889,971. The stock’s 50-day moving average is $54.78 and its 200-day moving average is $53.43. BILL has a twelve month low of $43.11 and a twelve month high of $87.05. The firm has a market cap of $6.82 billion, a PE ratio of -98.36 and a beta of 1.59. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.22.

BILL (NYSE:BILL) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $328.27 million. During the same period last year, the company posted $0.10 EPS. BILL’s quarterly revenue was up 16.1% compared to the same quarter last year. On average, sell-side analysts anticipate that BILL will post -0.58 earnings per share for the current fiscal year.

Insider Buying and Selling at BILL

In other BILL news, CEO Rene A. Lacerte purchased 42,248 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were purchased at an average cost of $49.60 per share, for a total transaction of $2,095,500.80. Following the completion of the transaction, the chief executive officer now owns 184,249 shares of the company’s stock, valued at $9,138,750.40. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Rene A. Lacerte acquired 42,248 shares of BILL stock in a transaction that occurred on Monday, August 26th. The shares were purchased at an average price of $49.60 per share, for a total transaction of $2,095,500.80. Following the completion of the transaction, the chief executive officer now owns 184,249 shares in the company, valued at $9,138,750.40. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Germaine Cota sold 803 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $54.75, for a total value of $43,964.25. Following the completion of the sale, the senior vice president now owns 6,861 shares of the company’s stock, valued at approximately $375,639.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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 currently owned by 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.