BlackLine (NASDAQ:BL) Updates FY 2025 Earnings Guidance

BlackLine (NASDAQ:BL) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.970-2.100 for the period, compared to the consensus earnings per share estimate of 2.280. The company issued revenue guidance of $699.0 million-$705.0 million, compared to the consensus revenue estimate of $711.7 million. BlackLine also updated its Q1 2025 guidance to 0.360-0.390 EPS.

BlackLine Price Performance

Shares of NASDAQ:BL opened at $51.98 on Thursday. BlackLine has a twelve month low of $43.37 and a twelve month high of $69.31. The company has a current ratio of 2.69, a quick ratio of 2.69 and a debt-to-equity ratio of 2.42. The company has a market cap of $3.25 billion, a PE ratio of 52.92, a price-to-earnings-growth ratio of 9.14 and a beta of 0.92. The company’s 50 day moving average is $61.62 and its 200 day moving average is $56.77.

BlackLine (NASDAQ:BL) last released its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.29). BlackLine had a return on equity of 31.02% and a net margin of 19.83%. On average, sell-side analysts forecast that BlackLine will post 1 EPS for the current year.

Wall Street Analyst Weigh In

BL has been the subject of a number of recent research reports. Piper Sandler reduced their price objective on BlackLine from $60.00 to $58.00 and set an “underweight” rating for the company in a research note on Wednesday. BMO Capital Markets reduced their price target on BlackLine from $68.00 to $60.00 and set a “market perform” rating for the company in a research report on Wednesday. StockNews.com lowered BlackLine from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Bank of America raised shares of BlackLine from an “underperform” rating to a “buy” rating and lifted their target price for the company from $50.00 to $75.00 in a report on Thursday, January 30th. Finally, Truist Financial lowered their price target on shares of BlackLine from $60.00 to $55.00 and set a “hold” rating on the stock in a report on Wednesday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, BlackLine currently has a consensus rating of “Hold” and an average target price of $66.40.

Insider Buying and Selling

In related news, CRO Mark Woodhams sold 24,408 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $64.32, for a total value of $1,569,922.56. Following the transaction, the executive now directly owns 72,920 shares of the company’s stock, valued at approximately $4,690,214.40. This trade represents a 25.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 9.93% of the stock is owned by insiders.

BlackLine Company Profile

BlackLine, Inc operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance.