Bill.com (NYSE:BILL) Releases FY 2022 Earnings Guidance

Bill.com (NYSE:BILL) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $-0.800-$-0.770 for the period, compared to the Thomson Reuters consensus estimate of $-0.900. The company issued revenue guidance of $538 million-$541 million, compared to the consensus revenue estimate of $487.39 million.Bill.com also updated its Q2 2022 guidance to $-0.180-$-0.170 EPS.

Shares of Bill.com stock traded up $3.74 during trading on Thursday, hitting $298.76. 2,024,120 shares of the company’s stock traded hands, compared to its average volume of 1,379,083. The company has a market cap of $30.64 billion, a PE ratio of -165.98 and a beta of 2.32. Bill.com has a twelve month low of $108.52 and a twelve month high of $348.49. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.50 and a quick ratio of 1.50. The firm’s fifty day moving average price is $295.43 and its 200 day moving average price is $231.21.

Bill.com (NYSE:BILL) last released its quarterly earnings results on Thursday, November 4th. The company reported ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.06. The firm had revenue of $116.40 million for the quarter, compared to analyst estimates of $104.59 million. Bill.com had a negative net margin of 52.34% and a negative return on equity of 5.22%. The company’s revenue for the quarter was up 151.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.17) earnings per share. As a group, equities research analysts anticipate that Bill.com will post -2.31 earnings per share for the current year.

A number of equities analysts have commented on BILL shares. Zacks Investment Research lowered shares of Bill.com from a hold rating to a sell rating in a research report on Monday, November 15th. Sumitomo Mitsui Financial Group started coverage on shares of Bill.com in a research report on Wednesday, November 3rd. They issued an outperform rating and a $350.00 price target on the stock. Bank of America boosted their target price on shares of Bill.com from $185.00 to $320.00 and gave the stock a buy rating in a research note on Friday, August 27th. KeyCorp boosted their target price on shares of Bill.com from $275.00 to $375.00 and gave the stock an overweight rating in a research note on Friday, November 5th. Finally, BTIG Research reaffirmed a buy rating and issued a $309.00 target price on shares of Bill.com in a research note on Friday, November 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus price target of $287.00.

In related news, CEO Blake Thomas Murray sold 140,000 shares of the business’s stock in a transaction that occurred on Monday, November 22nd. The shares were sold at an average price of $301.11, for a total transaction of $42,155,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Thomas J. Clayton sold 94 shares of the business’s stock in a transaction that occurred on Wednesday, September 8th. The shares were sold at an average price of $292.53, for a total transaction of $27,497.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 526,293 shares of company stock valued at $155,562,454. 5.70% of the stock is currently owned by insiders.

An institutional investor recently raised its position in Bill.com stock. Morgan Stanley grew its stake in Bill.com Holdings, Inc. (NYSE:BILL) by 538.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 378,675 shares of the company’s stock after buying an additional 319,329 shares during the quarter. Morgan Stanley owned 0.40% of Bill.com worth $69,366,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 87.02% of the company’s stock.

Bill.com Company Profile

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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