-$0.08 EPS Expected for Bill.com Holdings, Inc. (NYSE:BILL) This Quarter

Wall Street brokerages forecast that Bill.com Holdings, Inc. (NYSE:BILL) will report ($0.08) earnings per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Bill.com’s earnings. The highest EPS estimate is ($0.07) and the lowest is ($0.08). Bill.com reported earnings of ($0.04) per share during the same quarter last year, which would indicate a negative year over year growth rate of 100%. The business is expected to announce its next quarterly earnings report on Thursday, May 6th.

On average, analysts expect that Bill.com will report full-year earnings of ($0.22) per share for the current year, with EPS estimates ranging from ($0.24) to ($0.19). For the next financial year, analysts expect that the company will report earnings of ($0.24) per share, with EPS estimates ranging from ($0.34) to ($0.16). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Bill.com.

Bill.com (NYSE:BILL) last announced its quarterly earnings results on Wednesday, February 3rd. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.05. The firm had revenue of $54.05 million for the quarter, compared to analysts’ expectations of $46.94 million. Bill.com had a negative return on equity of 6.84% and a negative net margin of 22.74%.

BILL has been the topic of several research analyst reports. Berenberg Bank initiated coverage on Bill.com in a report on Thursday. They set a “hold” rating and a $140.00 target price on the stock. Jefferies Financial Group increased their target price on Bill.com from $135.00 to $155.00 and gave the stock a “hold” rating in a report on Friday, February 5th. Piper Sandler increased their target price on Bill.com from $120.00 to $140.00 in a report on Monday, January 11th. Oppenheimer increased their target price on Bill.com from $150.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, February 5th. Finally, Susquehanna Bancshares assumed coverage on Bill.com in a report on Tuesday, March 16th. They set a “neutral” rating and a $160.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. Bill.com presently has an average rating of “Hold” and a consensus target price of $137.06.

Shares of BILL stock traded up $5.49 during trading hours on Friday, hitting $156.96. 12,348 shares of the company’s stock were exchanged, compared to its average volume of 1,453,857. The stock’s 50-day moving average is $156.47 and its 200-day moving average is $132.20. The stock has a market cap of $12.91 billion and a price-to-earnings ratio of -291.29. Bill.com has a 52 week low of $37.91 and a 52 week high of $195.95.

In other Bill.com news, CEO Rene A. Lacerte sold 10,000 shares of the stock in a transaction dated Friday, January 15th. The stock was sold at an average price of $128.37, for a total value of $1,283,700.00. Following the transaction, the chief executive officer now owns 48,022 shares of the company’s stock, valued at $6,164,584.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director David Hornik sold 20,000 shares of the stock in a transaction dated Tuesday, February 16th. The shares were sold at an average price of $190.53, for a total value of $3,810,600.00. Following the completion of the transaction, the director now directly owns 74,795 shares in the company, valued at approximately $14,250,691.35. The disclosure for this sale can be found here. Insiders sold 169,495 shares of company stock worth $26,595,961 in the last three months. Insiders own 11.10% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in BILL. Aperio Group LLC raised its position in shares of Bill.com by 59.5% during the third quarter. Aperio Group LLC now owns 5,613 shares of the company’s stock worth $563,000 after purchasing an additional 2,093 shares during the period. LPL Financial LLC acquired a new stake in shares of Bill.com during the third quarter worth about $310,000. Acadian Asset Management LLC acquired a new stake in shares of Bill.com during the third quarter worth about $41,000. SG Americas Securities LLC acquired a new stake in shares of Bill.com during the third quarter worth about $206,000. Finally, State Street Corp raised its position in shares of Bill.com by 338.1% during the third quarter. State Street Corp now owns 640,026 shares of the company’s stock worth $64,201,000 after purchasing an additional 493,938 shares during the period. 87.32% of the stock is currently owned by hedge funds and other institutional investors.

Bill.com Company Profile

Bill.com Holdings, Inc provides cloud-based software that digitizes and automates back-office financial operations for small and midsize businesses worldwide. It offers artificial-intelligence (AI)-enabled financial software platform. The company provides software-as-a-service, cloud-based payments products, which allow 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, manage cash flows, and enhance office efficiency.

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