-$0.16 EPS Expected for Bill.com Holdings, Inc. (NYSE:BILL) This Quarter

Wall Street analysts predict that Bill.com Holdings, Inc. (NYSE:BILL – Get Rating) will report ($0.16) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Bill.com’s earnings. The lowest EPS estimate is ($0.16) and the highest is ($0.15). Bill.com posted earnings of ($0.02) per share in the same quarter last year, which would suggest a negative year over year growth rate of 700%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Bill.com will report full year earnings of ($0.45) per share for the current fiscal year, with EPS estimates ranging from ($0.49) to ($0.42). For the next financial year, analysts forecast that the company will report earnings of ($0.43) per share, with EPS estimates ranging from ($0.69) to ($0.18). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Bill.com.

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

Several equities research analysts have commented on the company. Keefe, Bruyette & Woods assumed coverage on Bill.com in a research note on Friday, January 7th. They set an “outperform” rating and a $300.00 price target for the company. Wells Fargo & Company assumed coverage on Bill.com in a research note on Monday, April 4th. They set an “overweight” rating and a $284.00 price target for the company. Oppenheimer lowered their target price on Bill.com from $370.00 to $285.00 and set an “outperform” rating for the company in a research note on Friday, February 4th. Evercore ISI lowered their target price on Bill.com from $300.00 to $200.00 and set an “inline” rating for the company in a research note on Friday, February 4th. Finally, BMO Capital Markets increased their target price on Bill.com from $209.00 to $258.00 in a research note on Friday, February 4th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $279.65.

Shares of NYSE:BILL opened at $170.71 on Friday. The firm has a market capitalization of $17.68 billion, a PE ratio of -72.03 and a beta of 2.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.39 and a quick ratio of 1.39. The business has a 50-day moving average of $208.12 and a two-hundred day moving average of $236.49. Bill.com has a 12 month low of $128.00 and a 12 month high of $348.49.

In other Bill.com news, Director Allison Mnookin sold 3,333 shares of the stock in a transaction that occurred on Wednesday, February 9th. The stock was sold at an average price of $245.00, for a total transaction of $816,585.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Rene A. Lacerte sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 15th. The stock was sold at an average price of $248.30, for a total value of $2,483,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 99,387 shares of company stock worth $20,992,262. 5.70% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Reilly Financial Advisors LLC bought a new stake in shares of Bill.com in the 4th quarter worth approximately $26,000. Winch Advisory Services LLC lifted its holdings in shares of Bill.com by 89.1% in the 3rd quarter. Winch Advisory Services LLC now owns 121 shares of the company’s stock worth $32,000 after purchasing an additional 57 shares during the last quarter. AlphaCentric Advisors LLC bought a new stake in shares of Bill.com in the 4th quarter worth approximately $34,000. CWM LLC lifted its holdings in shares of Bill.com by 540.6% in the 1st quarter. CWM LLC now owns 205 shares of the company’s stock worth $46,000 after purchasing an additional 173 shares during the last quarter. Finally, KB Financial Partners LLC bought a new stake in shares of Bill.com in the 4th quarter worth approximately $51,000. 99.01% of the stock is currently 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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