Bill.com (NYSE:BILL) Issues Q4 2022 Earnings Guidance

Bill.com (NYSE:BILLGet Rating) updated its fourth quarter 2022 earnings guidance on Monday. The company provided EPS guidance of -$0.14–$0.13 for the period, compared to the consensus EPS estimate of -$0.15. The company issued revenue guidance of $182.30 million-$183.30 million, compared to the consensus revenue estimate of $168.84 million.Bill.com also updated its FY 2022 guidance to -$0.35–$0.34 EPS.

Several research firms have issued reports on BILL. KeyCorp increased their target price on shares of Bill.com from $225.00 to $250.00 and gave the stock an overweight rating in a research note on Thursday, February 3rd. BMO Capital Markets raised their price objective on shares of Bill.com from $209.00 to $258.00 in a research report on Friday, February 4th. Jefferies Financial Group reduced their target price on shares of Bill.com from $250.00 to $150.00 in a report on Monday. Citigroup started coverage on shares of Bill.com in a research note on Tuesday, February 1st. They set a buy rating and a $209.00 target price on the stock. Finally, Wells Fargo & Company began coverage on shares of Bill.com in a research report on Monday, April 4th. They set an overweight rating and a $284.00 price target for the company. Four research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Buy and a consensus price target of $247.64.

Shares of NYSE BILL traded down $5.62 during midday trading on Monday, hitting $113.01. The stock had a trading volume of 14,445 shares, compared to its average volume of 2,512,882. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $182.70 and its 200-day moving average is $218.46. Bill.com has a 52 week low of $89.87 and a 52 week high of $348.49. The company has a market cap of $11.78 billion, a P/E ratio of -41.05 and a beta of 2.32.

Bill.com (NYSE:BILLGet Rating) last announced its earnings results on Thursday, May 5th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.08. Bill.com had a negative net margin of 54.96% and a negative return on equity of 5.05%. The business had revenue of $166.90 million during the quarter, compared to analysts’ expectations of $157.90 million. During the same period in the prior year, the company earned ($0.15) earnings per share. The firm’s revenue was up 179.4% on a year-over-year basis. As a group, analysts expect that Bill.com will post -2.27 EPS for the current fiscal year.

In related news, insider Bora Chung sold 8,854 shares of the firm’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $113.33, for a total value of $1,003,423.82. Following the transaction, the insider now owns 616 shares of the company’s stock, valued at approximately $69,811.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Rene A. Lacerte sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 15th. The stock was sold at an average price of $171.99, for a total transaction of $1,719,900.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,687 shares of company stock valued at $16,094,897. 5.70% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in BILL. Morgan Stanley increased its holdings in shares of Bill.com by 538.1% during the 2nd quarter. Morgan Stanley now owns 378,675 shares of the company’s stock valued at $69,366,000 after purchasing an additional 319,329 shares in the last quarter. Vanguard Group Inc. boosted its stake in Bill.com by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 8,842,430 shares of the company’s stock worth $2,005,375,000 after purchasing an additional 269,438 shares during the last quarter. Deutsche Bank AG boosted its stake in Bill.com by 3,090.0% during the 4th quarter. Deutsche Bank AG now owns 242,217 shares of the company’s stock worth $60,347,000 after purchasing an additional 234,624 shares during the last quarter. Vista Equity Partners Management LLC boosted its stake in Bill.com by 145.8% during the 4th quarter. Vista Equity Partners Management LLC now owns 152,583 shares of the company’s stock worth $38,016,000 after purchasing an additional 90,517 shares during the last quarter. Finally, Berkshire Capital Holdings Inc. boosted its position in shares of Bill.com by 821,800.0% during the 1st quarter. Berkshire Capital Holdings Inc. now owns 82,190 shares of the company’s stock valued at $18,640,000 after acquiring an additional 82,180 shares during the last quarter. Institutional investors own 99.01% of the company’s stock.

Bill.com Company Profile (Get Rating)

Bill.com Holdings, Inc provides cloud-based software that simplifies, digitizes, and automates back-office financial operations for small and midsize businesses worldwide. It offers artificial intelligence enabled financial software platform that creates seamless connections among users, suppliers, and the clients.

See Also

Earnings History and Estimates for Bill.com (NYSE:BILL)

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