BILL (NYSE:BILL) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS

BILL (NYSE:BILL) posted its quarterly earnings results 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 firm had revenue of $343.67 million during the quarter, compared to analyst estimates of $328.27 million. During the same quarter in the prior year, the business posted $0.10 earnings per share. The company’s quarterly revenue was up 16.1% compared to the same quarter last year.

BILL Stock Down 7.8 %

Shares of NYSE:BILL traded down $3.94 during midday trading on Friday, reaching $46.80. 1,192,344 shares of the company were exchanged, compared to its average volume of 1,936,098. BILL has a fifty-two week low of $43.11 and a fifty-two week high of $119.32. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.28. The stock has a fifty day simple moving average of $50.22 and a two-hundred day simple moving average of $57.61. The firm has a market cap of $4.97 billion, a PE ratio of -59.24 and a beta of 1.61.

Insider Buying and Selling

In other BILL news, SVP Germaine Cota sold 642 shares of BILL stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $51.59, for a total value of $33,120.78. Following the sale, the senior vice president now directly owns 6,057 shares in the company, valued at approximately $312,480.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Rajesh A. Aji sold 2,616 shares of the business’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 approximately $470,901.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Germaine Cota sold 642 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was 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 disclosure for this sale can be found here. 3.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

BILL has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of BILL from $80.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday. Wells Fargo & Company dropped their price objective on shares of BILL from $60.00 to $45.00 and set an “underweight” rating for the company in a report on Tuesday. Oppenheimer lowered their price target on shares of BILL from $95.00 to $70.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. UBS Group lowered their price target on shares of BILL from $85.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Finally, Mizuho lowered their price target on shares of BILL from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Monday, May 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, BILL has a consensus rating of “Hold” and a consensus target price of $70.71.

BILL Company Profile

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.