Equities research analysts expect Bill.com Holdings, Inc. (NYSE:BILL) to post ($0.12) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Bill.com’s earnings, with estimates ranging from ($0.12) to ($0.10). The firm is expected to report its next quarterly earnings results on Thursday, August 6th.

On average, analysts expect that Bill.com will report full year earnings of ($0.26) per share for the current year, with EPS estimates ranging from ($0.27) to ($0.25). For the next financial year, analysts anticipate that the company will post earnings of ($0.39) per share, with EPS estimates ranging from ($0.44) to ($0.33). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Bill.com.

Bill.com (NYSE:BILL) last announced its earnings results on Thursday, May 7th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.06. The company had revenue of $41.23 million for the quarter, compared to analysts’ expectations of $37.02 million. The company’s revenue was up 46.0% on a year-over-year basis.

A number of equities research analysts have weighed in on the stock. Needham & Company LLC boosted their target price on shares of Bill.com from $55.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, May 8th. ValuEngine raised shares of Bill.com from a “hold” rating to a “buy” rating in a research report on Tuesday, March 3rd. Jefferies Financial Group boosted their price objective on shares of Bill.com from $45.00 to $70.00 and gave the company a “hold” rating in a research report on Friday, May 8th. They noted that the move was a valuation call. Bank of America reissued a “buy” rating and set a $85.00 price objective on shares of Bill.com in a research report on Friday, May 8th. Finally, First Analysis initiated coverage on shares of Bill.com in a research report on Tuesday, March 10th. They set an “outperform” rating and a $55.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $66.80.

A number of institutional investors have recently modified their holdings of the stock. August Capital Management V L.L.C. bought a new position in shares of Bill.com during the 4th quarter valued at about $294,231,000. Napier Park Global Capital US LP bought a new position in shares of Bill.com during the 4th quarter valued at about $180,858,000. Franklin Resources Inc. boosted its holdings in shares of Bill.com by 379.2% during the 1st quarter. Franklin Resources Inc. now owns 3,941,009 shares of the company’s stock valued at $125,801,000 after purchasing an additional 3,118,667 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Bill.com by 25.8% during the 1st quarter. JPMorgan Chase & Co. now owns 2,696,569 shares of the company’s stock valued at $92,222,000 after purchasing an additional 552,729 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of Bill.com during the 4th quarter valued at about $79,107,000. 43.22% of the stock is owned by institutional investors.

Shares of BILL opened at $77.27 on Thursday. The company’s fifty day moving average is $49.63. Bill.com has a 1-year low of $23.61 and a 1-year high of $97.84.

About Bill.com

Bill.com Holdings, Inc provides cloud-based software that digitizes and automates back-office financial operations for small and midsize businesses worldwide. It offers artificial-intelligence (AI)-enabled financial software platform. The company provides software-as-a-service, cloud-based payments 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, manage cash flows, and enhance office efficiency.

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