BlackLine (NASDAQ:BL) Releases FY 2025 Earnings Guidance

BlackLine (NASDAQ:BL) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.970-2.100 for the period, compared to the consensus earnings per share estimate of 2.280. The company issued revenue guidance of $699.0 million-$705.0 million, compared to the consensus revenue estimate of $711.7 million. BlackLine also updated its Q1 2025 guidance to 0.360-0.390 EPS.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BL shares. Citigroup lowered their price objective on shares of BlackLine from $73.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on BlackLine from $47.00 to $50.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. StockNews.com lowered BlackLine from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Piper Sandler lowered their price objective on shares of BlackLine from $60.00 to $58.00 and set an “underweight” rating for the company in a research note on Wednesday. Finally, Bank of America upgraded shares of BlackLine from an “underperform” rating to a “buy” rating and increased their target price for the stock from $50.00 to $75.00 in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, BlackLine presently has an average rating of “Hold” and a consensus target price of $66.40.

BlackLine Price Performance

NASDAQ BL opened at $51.98 on Thursday. The firm’s fifty day simple moving average is $61.62 and its two-hundred day simple moving average is $56.77. The firm has a market capitalization of $3.25 billion, a P/E ratio of 52.92, a P/E/G ratio of 9.14 and a beta of 0.92. The company has a current ratio of 2.69, a quick ratio of 2.69 and a debt-to-equity ratio of 2.42. BlackLine has a 12-month low of $43.37 and a 12-month high of $69.31.

BlackLine (NASDAQ:BL) last announced its earnings results on Tuesday, February 11th. The technology company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.29). BlackLine had a return on equity of 31.02% and a net margin of 19.83%. Analysts forecast that BlackLine will post 1 EPS for the current fiscal year.

Insider Activity

In other news, CRO Mark Woodhams sold 24,408 shares of BlackLine stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $64.32, for a total transaction of $1,569,922.56. Following the completion of the sale, the executive now directly owns 72,920 shares in the company, valued at approximately $4,690,214.40. The trade was a 25.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 9.93% of the company’s stock.

About BlackLine

BlackLine, Inc operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance.