$54.23 Million in Sales Expected for Bill.com Holdings, Inc. (NYSE:BILL) This Quarter

Equities analysts expect Bill.com Holdings, Inc. (NYSE:BILL) to announce $54.23 million in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Bill.com’s earnings, with estimates ranging from $53.71 million to $54.67 million. Bill.com posted sales of $41.23 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 31.5%. The business is scheduled to issue its next earnings results on Thursday, May 6th.

On average, analysts expect that Bill.com will report full year sales of $210.47 million for the current financial year, with estimates ranging from $208.52 million to $211.83 million. For the next fiscal year, analysts forecast that the firm will post sales of $271.06 million, with estimates ranging from $255.00 million to $281.48 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that cover Bill.com.

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

A number of research firms have commented on BILL. Piper Sandler raised their target price on shares of Bill.com from $120.00 to $140.00 in a research report on Monday, January 11th. Jefferies Financial Group raised their price target on shares of Bill.com from $135.00 to $155.00 and gave the company a “hold” rating in a report on Friday, February 5th. Oppenheimer raised their price target on shares of Bill.com from $150.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, February 5th. Canaccord Genuity raised their price target on shares of Bill.com from $105.00 to $150.00 and gave the company a “hold” rating in a report on Friday, February 5th. They noted that the move was a valuation call. Finally, Needham & Company LLC raised their price target on shares of Bill.com from $120.00 to $170.00 and gave the company a “buy” rating in a report on Friday, February 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $137.06.

In other Bill.com news, CEO Rene A. Lacerte sold 10,000 shares of Bill.com stock in a transaction that occurred on Friday, January 15th. The shares were sold at an average price of $128.37, for a total transaction of $1,283,700.00. Following the completion of the sale, the chief executive officer now directly owns 48,022 shares in the company, valued at approximately $6,164,584.14. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO John R. Rettig sold 1,431 shares of Bill.com stock in a transaction that occurred on Tuesday, February 16th. The shares were sold at an average price of $186.51, for a total transaction of $266,895.81. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 169,495 shares of company stock valued at $26,595,961. Company insiders own 11.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in BILL. BlackRock Inc. lifted its stake in shares of Bill.com by 31.8% in the 4th quarter. BlackRock Inc. now owns 4,080,717 shares of the company’s stock valued at $557,018,000 after purchasing an additional 984,232 shares during the period. Lone Pine Capital LLC lifted its stake in shares of Bill.com by 24.9% in the 4th quarter. Lone Pine Capital LLC now owns 2,768,707 shares of the company’s stock valued at $377,929,000 after purchasing an additional 552,441 shares during the period. DCM International IV Ltd acquired a new position in shares of Bill.com in the 4th quarter valued at $269,917,000. Tybourne Capital Management HK Ltd. acquired a new position in shares of Bill.com in the 4th quarter valued at $175,795,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Bill.com by 9.5% in the 4th quarter. Wells Fargo & Company MN now owns 949,174 shares of the company’s stock valued at $129,563,000 after purchasing an additional 81,985 shares during the period. Institutional investors and hedge funds own 87.32% of the company’s stock.

NYSE BILL traded up $5.49 during trading on Monday, reaching $156.96. 12,348 shares of the company’s stock traded hands, compared to its average volume of 1,453,857. The firm has a market cap of $12.91 billion and a price-to-earnings ratio of -291.29. The company’s 50 day simple moving average is $156.47 and its two-hundred day simple moving average is $132.20. Bill.com has a 12-month low of $37.91 and a 12-month high of $195.95.

About Bill.com

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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