Bill.com Holdings, Inc. (NYSE:BILL) Expected to Announce Quarterly Sales of $157.92 Million

Wall Street analysts forecast that Bill.com Holdings, Inc. (NYSE:BILLGet Rating) will announce sales of $157.92 million for the current quarter, according to Zacks. Five analysts have provided estimates for Bill.com’s earnings, with estimates ranging from $157.50 million to $158.49 million. Bill.com posted sales of $59.74 million in the same quarter last year, which would indicate a positive year over year growth rate of 164.3%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Bill.com will report full-year sales of $598.92 million for the current fiscal year, with estimates ranging from $597.20 million to $600.73 million. For the next financial year, analysts expect that the firm will post sales of $805.09 million, with estimates ranging from $750.00 million to $855.55 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Bill.com.

Bill.com (NYSE:BILLGet Rating) last announced its earnings results on Thursday, February 3rd. The company reported ($0.38) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.53) by $0.15. Bill.com had a negative net margin of 54.69% and a negative return on equity of 4.69%. The firm had revenue of $156.48 million during the quarter, compared to analyst estimates of $130.58 million.

BILL has been the topic of several analyst reports. Wells Fargo & Company initiated 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 on the stock. BMO Capital Markets upped their target price on shares of Bill.com from $209.00 to $258.00 in a report on Friday, February 4th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Bill.com from $360.00 to $265.00 and set a “buy” rating on the stock in a report on Tuesday, January 25th. KeyCorp upped their target price on shares of Bill.com from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, February 3rd. Finally, Evercore ISI dropped their target price on shares of Bill.com from $300.00 to $200.00 and set an “inline” rating on the stock in a report on Friday, February 4th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $279.65.

Shares of NYSE:BILL opened at $170.71 on Friday. The company’s 50-day moving average price is $208.12 and its two-hundred day moving average price is $236.93. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.39 and a quick ratio of 1.39. Bill.com has a one year low of $128.00 and a one year high of $348.49. The stock has a market capitalization of $17.68 billion, a PE ratio of -72.03 and a beta of 2.20.

In related news, Director Allison Mnookin sold 3,334 shares of the stock in a transaction that occurred on Monday, February 7th. The shares were sold at an average price of $232.65, for a total value of $775,655.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rene A. Lacerte sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 15th. The shares were sold at an average price of $248.30, for a total transaction of $2,483,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 99,387 shares of company stock worth $20,992,262 in the last quarter. 5.70% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the stock. Morgan Stanley raised its stake in shares of Bill.com by 538.1% during the second quarter. Morgan Stanley now owns 378,675 shares of the company’s stock valued at $69,366,000 after acquiring an additional 319,329 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Bill.com by 10.0% during the third quarter. Commonwealth Equity Services LLC now owns 4,733 shares of the company’s stock valued at $1,263,000 after acquiring an additional 431 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Bill.com by 218.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 9,611 shares of the company’s stock valued at $2,566,000 after acquiring an additional 6,592 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Bill.com by 136.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 4,744 shares of the company’s stock valued at $1,266,000 after acquiring an additional 2,734 shares during the last quarter. Finally, Xponance Inc. raised its stake in shares of Bill.com by 2.3% during the third quarter. Xponance Inc. now owns 8,891 shares of the company’s stock valued at $2,373,000 after acquiring an additional 199 shares during the last quarter. 95.10% of the stock is owned by institutional investors and hedge funds.

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.

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

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