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

Bill.com (NYSE:BILL – Get Rating) issued an update on its fourth quarter 2022 earnings guidance on Monday morning. 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.

Shares of Bill.com stock traded down $0.66 during trading on Monday, hitting $117.88. 9,455 shares of the stock traded hands, compared to its average volume of 2,493,797. The firm has a market cap of $12.29 billion, a P/E ratio of -40.79 and a beta of 2.32. The company has a current ratio of 1.41, a quick ratio of 1.39 and a debt-to-equity ratio of 0.15. Bill.com has a 52-week low of $89.87 and a 52-week high of $348.49. The stock’s fifty day simple moving average is $190.64 and its 200 day simple moving average is $224.96.

Bill.com (NYSE:BILL – Get Rating) last posted its earnings results on Thursday, May 5th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.08. Bill.com had a negative return on equity of 5.05% and a negative net margin of 54.96%. The company had revenue of $166.90 million for the quarter, compared to analyst estimates of $157.90 million. During the same quarter in the previous year, the firm earned ($0.15) earnings per share. The firm’s quarterly revenue was up 179.4% compared to the same quarter last year. As a group, equities analysts expect that Bill.com will post -2.29 EPS for the current year.

Several brokerages have recently weighed in on BILL. BTIG Research reduced their target price on Bill.com from $375.00 to $300.00 in a research note on Friday, May 6th. Needham & Company LLC lowered their price target on Bill.com from $370.00 to $200.00 in a report on Friday, May 6th. Oppenheimer reduced their price target on Bill.com from $285.00 to $190.00 in a research report on Friday, May 6th. Zacks Investment Research upgraded Bill.com from a hold rating to a buy rating and set a $188.00 price objective on the stock in a report on Wednesday, May 4th. Finally, Evercore ISI dropped their price target on Bill.com from $300.00 to $200.00 and set an inline rating on the stock in a research note on Friday, February 4th. Three research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Buy and an average target price of $257.52.

In other news, CEO Rene A. Lacerte sold 6,429 shares of Bill.com stock in a transaction dated Tuesday, March 1st. The shares were sold at an average price of $238.75, for a total transaction of $1,534,923.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Rene A. Lacerte sold 10,000 shares of the business’s stock in a transaction dated 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. Over the last ninety days, insiders sold 79,833 shares of company stock worth $16,407,273. 5.70% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Bill.com by 3.1% in 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 in the last quarter. Northern Trust Corp boosted its holdings in shares of Bill.com by 8.8% in the first quarter. Northern Trust Corp now owns 546,719 shares of the company’s stock worth $123,991,000 after buying an additional 44,136 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Bill.com by 3.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 506,960 shares of the company’s stock valued at $114,974,000 after purchasing an additional 16,385 shares in the last quarter. Morgan Stanley raised its position 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 buying an additional 319,329 shares during the last quarter. Finally, Deutsche Bank AG raised its position in shares of Bill.com by 3,090.0% during the fourth quarter. Deutsche Bank AG now owns 242,217 shares of the company’s stock valued at $60,347,000 after buying an additional 234,624 shares during the last quarter. 99.01% of the stock is currently owned by hedge funds and other 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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