BILL (NYSE:BILL) Announces Earnings Results, Beats Estimates with $0.11 EPS

BILL (NYSE:BILL – Get Your Free Report ) announced its quarterly earnings data on Thursday. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.11, Briefing.com reports. BILL had a negative net margin of 4.21% and a positive return on equity of 0.98%. The company had revenue of $343.67 million for the quarter, compared to analysts’ expectations of $328.27 million. During the same period in the previous year, the company posted EPS of $0.10. BILL’s revenue was up 16.1% compared to the same quarter last year.

BILL stock performance

Shares of BILL stock opened at $47.37 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.63, and a debt-to-equity ratio of 0.28. The company has a market cap of $5.03 billion, a PE ratio of -59.96 and a beta of 1.61. The company’s fifty-day simple moving average is $50.20, and its 200-day simple moving average is $57.41. BILL has a 52 week low of $43.11 and a 52 week high of $119.32.

Insider buying and selling

In other BILL news, SVP Germaine Cota sold 642 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $51.59, for a total transaction of $33,120.78. Following the transaction, the senior vice president now owns 6,057 shares in the company, valued at $312,480.63. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. In other news, SVP Germaine Cota sold 642 shares of BILL stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $51.59, for a total transaction of $33,120.78. Following the sale, the senior vice president now owns 6,057 shares in the company, valued at $312,480.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, insider Rajesh A. Aji sold 2,616 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $51.60, for a total transaction of $134,985.60. Following the transaction, the insider now directly owns 9,126 shares in the company, valued at $470,901.60. The disclosure for this sale can be found here. 3.80% of shares are held by corporate insiders.

Analysts set new price targets

A number of research analysts recently issued reports on the stock. Wolfe Research cut shares of BILL from an “outperform” rating to an “equal perform” rating in a research note on Thursday, August 1st. Goldman Sachs Group cut BILL from a “buy” rating to a “neutral” rating and cut their price target for the company from $86.00 to $54.00 in a report on Friday. Evercore ISI reduced their price objective on BILL from $70.00 to $60.00 and set an “in-line” rating for the company in a research report on Friday. Wells Fargo & Company cut their price target on BILL from $60.00 to $45.00 and set an “underweight” rating on the stock in a research note on Tuesday. Finally, Robert W. Baird decreased their price objective on shares of BILL from $68.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $70.71, according to MarketBeat.com.

View the latest stock report on BILL

About BILL

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BILL Holdings, Inc provides financial automation software for small and medium-sized businesses worldwide. The company provides software-as-a-service, cloud-based payments and expense management products that enable users to automate accounts payable and accounts receivable transactions, as well as enable users to connect with their suppliers and/or customers to do business . , eliminate expense reports, manage cash flow and improve office efficiency.

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