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.

BlackLine Stock Down 1.6 %

NASDAQ BL traded down $1.01 during trading hours on Tuesday, reaching $63.40. 811,426 shares of the company’s stock were exchanged, compared to its average volume of 564,967. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 64.69, a price-to-earnings-growth ratio of 9.14 and a beta of 0.92. The company has a debt-to-equity ratio of 2.42, a quick ratio of 2.69 and a current ratio of 2.69. BlackLine has a one year low of $43.37 and a one year high of $69.31. The company’s 50-day moving average is $61.84 and its two-hundred day moving average is $56.69.

BlackLine (NASDAQ:BL) last posted its quarterly 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%. On average, analysts forecast that BlackLine will post 1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BL has been the topic of several research reports. Piper Sandler downgraded BlackLine from a “neutral” rating to an “underweight” rating and set a $60.00 target price on the stock. in a research report on Monday, January 6th. JPMorgan Chase & Co. raised their target price on shares of BlackLine from $47.00 to $50.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Truist Financial upped their price target on shares of BlackLine from $55.00 to $60.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Bank of America raised BlackLine from an “underperform” rating to a “buy” rating and raised their target price for the company from $50.00 to $75.00 in a report on Thursday, January 30th. Finally, StockNews.com cut BlackLine from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $68.10.

Insider Activity at BlackLine

In other news, CRO Mark Woodhams sold 24,408 shares of the stock in a transaction that occurred 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 sale, the executive now owns 72,920 shares in the company, valued at $4,690,214.40. This represents a 25.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 9.93% of the stock is owned by insiders.

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.