BILL (NYSE:BILL) Releases Q4 2024 Earnings Guidance

BILL (NYSE:BILL) issued an update on its fourth quarter 2024 earnings guidance on Friday morning. The company provided EPS guidance of 0.410-0.490 for the period, compared to the consensus EPS estimate of 0.540. The company issued revenue guidance of $320.0 million-$330.0 million, compared to the consensus revenue estimate of $314.7 million. BILL also updated its FY 2024 guidance to 1.960-2.030 EPS.

BILL Stock Up 0.2 %

Shares of BILL stock traded up $0.11 during trading on Monday, hitting $56.69. 2,453,997 shares of the stock traded hands, compared to its average volume of 2,189,661. The stock has a market cap of $5.96 billion, a P/E ratio of -71.62, a PEG ratio of 62.44 and a beta of 1.68. The company has a fifty day moving average price of $64.16 and a two-hundred day moving average price of $70.44. BILL has a twelve month low of $51.94 and a twelve month high of $139.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69.

BILL (NYSE:BILL) last posted its earnings results on Thursday, February 8th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.26. The company had revenue of $318.50 million during the quarter, compared to the consensus estimate of $296.62 million. BILL had a negative net margin of 4.21% and a positive return on equity of 0.98%. Equities research analysts predict that BILL will post 0.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BILL shares. Mizuho reduced their target price on BILL from $65.00 to $60.00 and set a neutral rating for the company in a report on Monday. JPMorgan Chase & Co. decreased their price objective on shares of BILL from $93.00 to $90.00 and set an overweight rating for the company in a report on Friday, February 9th. Robert W. Baird cut their target price on shares of BILL from $78.00 to $74.00 and set a neutral rating for the company in a research report on Monday, April 22nd. Oppenheimer raised their price target on BILL from $75.00 to $83.00 and gave the company an overweight rating in a research report on Friday, February 9th. Finally, Piper Sandler decreased their target price on BILL from $95.00 to $77.00 and set an overweight rating for the company in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $97.35.

Insider Buying and Selling at BILL

In other BILL news, SVP Germaine Cota sold 920 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now owns 5,093 shares in the company, valued at approximately $332,776.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company 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.