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 Trading Down 1.6 %

BL traded down $1.01 on Tuesday, hitting $63.40. The company had a trading volume of 811,202 shares, compared to its average volume of 562,401. The company’s fifty day moving average price is $61.84 and its 200 day moving average price is $56.69. BlackLine has a 1 year low of $43.37 and a 1 year high of $69.31. The company has a current ratio of 2.69, a quick ratio of 2.69 and a debt-to-equity ratio of 2.42. The firm has a market cap of $3.96 billion, a P/E ratio of 64.69, a PEG ratio of 9.14 and a beta of 0.92.

BlackLine (NASDAQ:BL) last issued its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.21 EPS 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%. As a group, equities analysts expect that BlackLine will post 1 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BL. Morgan Stanley raised their target price on BlackLine from $70.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Piper Sandler cut shares of BlackLine from a “neutral” rating to an “underweight” rating and set a $60.00 price objective for the company. in a report on Monday, January 6th. JPMorgan Chase & Co. increased their target price on shares of BlackLine from $47.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Truist Financial boosted their price target on shares of BlackLine from $55.00 to $60.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, Citigroup upgraded BlackLine from a “neutral” rating to a “buy” rating and set a $73.00 price objective on the stock in a research note on Thursday, January 16th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $68.10.

Insider Buying and Selling

In related news, CRO Mark Woodhams sold 24,408 shares of the 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 owns 72,920 shares in the company, valued at $4,690,214.40. This represents a 25.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 9.93% of the stock is owned by company insiders.

BlackLine Company Profile

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.