BILL (NYSE:BILL) Releases 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.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Canaccord Genuity Group reiterated a buy rating and set a $100.00 price target on shares of BILL in a report on Friday. Jefferies Financial Group decreased their target price on shares of BILL from $95.00 to $80.00 and set a buy rating for the company in a research report on Monday, April 29th. Oppenheimer increased 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 decreased their price objective on BILL from $82.00 to $75.00 and set a market perform rating for the company in a report on Friday. Finally, Mizuho cut their target price on BILL from $65.00 to $60.00 and set a neutral rating on the stock in a report on Monday. 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. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $97.35.

BILL Price Performance

Shares of BILL traded up $0.11 during midday trading on Monday, reaching $56.69. The stock had a trading volume of 2,453,997 shares, compared to its average volume of 2,189,661. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of -71.62, a price-to-earnings-growth ratio of 62.44 and a beta of 1.68. The company’s 50-day moving average is $64.16 and its 200 day moving average is $70.44. BILL has a 12-month low of $51.94 and a 12-month high of $139.50.

BILL (NYSE:BILL) last posted its earnings results 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. The firm had revenue of $318.50 million for the quarter, compared to the consensus estimate of $296.62 million. BILL had a positive return on equity of 0.98% and a negative net margin of 4.21%. On average, equities analysts predict that BILL will post 0.04 EPS for the current fiscal year.

Insider Transactions at BILL

In other news, SVP Germaine Cota sold 920 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 5,093 shares in the company, valued at $332,776.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.