Brokers Set Expectations for BILL Holdings, Inc.’s FY2024 Earnings (NYSE:BILL)

BILL Holdings, Inc. (NYSE:BILLFree Report) – Research analysts at Seaport Res Ptn issued their FY2024 earnings per share estimates for BILL in a report released on Monday, April 1st. Seaport Res Ptn analyst J. Cantwell expects that the company will post earnings of $0.13 per share for the year. The consensus estimate for BILL’s current full-year earnings is $0.02 per share. Seaport Res Ptn also issued estimates for BILL’s Q1 2025 earnings at $0.06 EPS, Q2 2025 earnings at $0.18 EPS, Q3 2025 earnings at $0.02 EPS, Q4 2025 earnings at $0.23 EPS and FY2025 earnings at $0.49 EPS.

BILL (NYSE:BILLGet Free Report) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.26. The company had revenue of $318.50 million for the quarter, compared to analyst estimates of $296.62 million. BILL had a positive return on equity of 0.29% and a negative net margin of 9.67%.

Several other research analysts also recently commented on BILL. Oppenheimer boosted their target price on BILL from $75.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Wells Fargo & Company reaffirmed an “underweight” rating and set a $60.00 price objective (down previously from $70.00) on shares of BILL in a report on Monday. Citigroup upped their price objective on BILL from $85.00 to $86.00 and gave the stock a “buy” rating in a report on Monday, February 12th. JPMorgan Chase & Co. reduced their price objective on BILL from $93.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. Finally, Piper Sandler reiterated an “overweight” rating and set a $95.00 target price on shares of BILL in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.62.

Check Out Our Latest Analysis on BILL

BILL Price Performance

Shares of BILL opened at $62.77 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69. BILL has a one year low of $51.94 and a one year high of $139.50. The business’s 50 day simple moving average is $67.78 and its 200-day simple moving average is $77.54.

Insiders Place Their Bets

In other BILL news, SVP Germaine Cota sold 920 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $65.34, for a total transaction of $60,112.80. Following the completion of the transaction, the senior vice president now owns 5,093 shares in the company, valued at approximately $332,776.62. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On BILL

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in BILL by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 9,881,532 shares of the company’s stock worth $806,234,000 after purchasing an additional 162,428 shares in the last quarter. Lone Pine Capital LLC boosted its stake in shares of BILL by 39.7% during the 3rd quarter. Lone Pine Capital LLC now owns 2,546,689 shares of the company’s stock worth $276,494,000 after buying an additional 723,151 shares during the last quarter. Coatue Management LLC acquired a new position in shares of BILL during the 4th quarter worth about $163,218,000. Abdiel Capital Advisors LP boosted its stake in shares of BILL by 16.6% during the 4th quarter. Abdiel Capital Advisors LP now owns 1,711,392 shares of the company’s stock worth $139,632,000 after buying an additional 243,788 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of BILL by 25.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,616,806 shares of the company’s stock worth $177,752,000 after buying an additional 324,354 shares during the last quarter. Institutional investors own 97.99% of the company’s stock.

BILL Company Profile

(Get Free Report)

BILL Holdings, Inc provides financial automation software for small and midsize businesses worldwide. The company provides software-as-a-service, cloud-based payments, and spend management 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, eliminate expense reports, manage cash flows, and improve office efficiency.

Read More

Earnings History and Estimates for BILL (NYSE:BILL)

Receive News & Ratings for BILL Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BILL and related companies with MarketBeat.com's FREE daily email newsletter.