BILL (NYSE:BILL) Releases Q4 2024 Earnings Guidance

BILL (NYSE:BILL) updated its fourth quarter 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 0.410-0.490 for the period, compared to the consensus 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.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BILL. JPMorgan Chase & Co. cut their price target on shares of BILL from $93.00 to $90.00 and set an overweight rating on the stock in a report on Friday, February 9th. BNP Paribas upgraded BILL from an underperform rating to a neutral rating and set a $72.00 price objective on the stock in a research report on Wednesday, March 13th. Jefferies Financial Group reduced their price objective on BILL from $95.00 to $80.00 and set a buy rating for the company in a research note on Monday, April 29th. Needham & Company LLC reaffirmed a buy rating and set a $100.00 price target on shares of BILL in a research report on Friday. Finally, Oppenheimer increased their price objective on shares of BILL from $75.00 to $83.00 and gave the company an overweight rating in a report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, BILL currently has a consensus rating of Moderate Buy and a consensus target price of $97.35.

BILL Price Performance

BILL traded down $0.26 during trading on Monday, reaching $56.32. 2,309,870 shares of the company traded hands, compared to its average volume of 2,188,146. The company has a market cap of $5.92 billion, a P/E ratio of -71.62, a PEG ratio of 62.44 and a beta of 1.68. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a fifty day simple moving average of $64.16 and a 200 day simple moving average of $70.44. BILL has a 12-month low of $51.94 and a 12-month high of $139.50.

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

Insider Activity at BILL

In other BILL news, SVP Germaine Cota sold 920 shares of the company’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 completion of the sale, the senior vice president now directly owns 5,093 shares in the company, valued at $332,776.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.