Bill.com (NYSE:BILL) Updates FY 2022 Earnings Guidance

Bill.com (NYSE:BILLGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided earnings per share guidance of -$0.35–$0.34 for the period, compared to the consensus earnings per share estimate of -$0.46. The company issued revenue guidance of $624.00 million-$625.00 million, compared to the consensus revenue estimate of $599.76 million.Bill.com also updated its Q4 2022 guidance to -$0.14–$0.13 EPS.

NYSE BILL traded down $0.66 during trading hours on Monday, hitting $117.88. The company’s stock had a trading volume of 9,455 shares, compared to its average volume of 2,493,797. Bill.com has a 12 month low of $89.87 and a 12 month high of $348.49. The company’s 50 day simple moving average is $190.64 and its two-hundred day simple moving average is $224.96. The company has a market cap of $12.29 billion, a P/E ratio of -41.02 and a beta of 2.32. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.41 and a quick ratio of 1.39.

Bill.com (NYSE:BILLGet Rating) last released its quarterly earnings data on Thursday, May 5th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.08. The company had revenue of $166.90 million during the quarter, compared to the consensus estimate of $157.90 million. Bill.com had a negative return on equity of 5.05% and a negative net margin of 54.96%. Bill.com’s revenue for the quarter was up 179.4% on a year-over-year basis. During the same period last year, the company earned ($0.15) EPS. As a group, research analysts predict that Bill.com will post -2.29 earnings per share for the current fiscal year.

BILL has been the topic of several research reports. KeyCorp raised their target price on Bill.com from $225.00 to $250.00 and gave the stock an overweight rating in a research report on Thursday, February 3rd. BMO Capital Markets lifted their price objective on Bill.com from $209.00 to $258.00 in a research report on Friday, February 4th. Needham & Company LLC lowered their price objective on Bill.com from $370.00 to $200.00 in a research report on Friday, May 6th. Zacks Investment Research raised Bill.com from a hold rating to a buy rating and set a $188.00 price objective on the stock in a research report on Wednesday, May 4th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Bill.com from $360.00 to $265.00 and set a buy rating on the stock in a research report on Tuesday, January 25th. Three equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Buy and a consensus price target of $257.52.

In other Bill.com news, CEO Rene A. Lacerte sold 10,000 shares of the firm’s stock in a transaction on Monday, April 18th. The stock was sold at an average price of $190.82, for a total transaction of $1,908,200.00. Following the completion of the sale, the chief executive officer now owns 78,970 shares of the company’s stock, valued at $15,069,055.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Bora Chung sold 1,096 shares of Bill.com stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $238.77, for a total value of $261,691.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,833 shares of company stock valued at $16,407,273. 5.70% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Brown Brothers Harriman & Co. purchased a new position in shares of Bill.com during the 1st quarter worth $38,000. KB Financial Partners LLC acquired a new position in shares of Bill.com during the fourth quarter worth approximately $51,000. Covestor Ltd boosted its position in shares of Bill.com by 1,278.4% during the first quarter. Covestor Ltd now owns 510 shares of the company’s stock worth $116,000 after buying an additional 473 shares during the period. Advisors Asset Management Inc. raised its holdings in Bill.com by 185.7% during the fourth quarter. Advisors Asset Management Inc. now owns 680 shares of the company’s stock worth $169,000 after purchasing an additional 442 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Bill.com in the fourth quarter valued at $178,000. 99.01% of the stock is owned by institutional investors.

About Bill.com (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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