BlackLine (BL) Scheduled to Post Earnings on Tuesday

BlackLine (NASDAQ:BL) will be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect BlackLine to post earnings of $0.47 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

BlackLine (NASDAQ:BL) last posted its quarterly earnings data on Tuesday, February 13th. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.28. BlackLine had a positive return on equity of 2.15% and a negative net margin of 1.50%. The business had revenue of $155.73 million for the quarter, compared to analyst estimates of $154.24 million. On average, analysts expect BlackLine to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

BlackLine Trading Up 2.0 %

Shares of BL stock opened at $60.91 on Monday. BlackLine has a twelve month low of $47.26 and a twelve month high of $69.31. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of -609.10, a PEG ratio of 10.82 and a beta of 0.87. The firm has a 50-day moving average price of $62.35 and a 200 day moving average price of $59.54. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 4.37.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BL shares. Citigroup reduced their price objective on shares of BlackLine from $66.00 to $63.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 23rd. Robert W. Baird lowered their price objective on BlackLine from $65.00 to $61.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th. William Blair lowered BlackLine from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 14th. JMP Securities reaffirmed a “market outperform” rating and set a $81.00 price objective on shares of BlackLine in a research note on Wednesday, February 14th. Finally, Piper Sandler raised shares of BlackLine from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $55.00 to $62.00 in a research report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $62.56.

Insider Buying and Selling at BlackLine

In other news, Director Kevin B. Thompson sold 4,500 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $57.50, for a total value of $258,750.00. Following the completion of the sale, the director now owns 11,000 shares of the company’s stock, valued at $632,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other BlackLine news, Director Kevin B. Thompson sold 4,500 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $57.50, for a total transaction of $258,750.00. Following the transaction, the director now owns 11,000 shares in the company, valued at $632,500. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CRO Mark Woodhams sold 2,877 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $58.00, for a total value of $166,866.00. Following the completion of the sale, the executive now owns 104,682 shares of the company’s stock, valued at approximately $6,071,556. The disclosure for this sale can be found here. 9.93% of the stock is currently owned by corporate insiders.

BlackLine Company Profile

BlackLine, Inc provides cloud-based solutions to automate and streamline accounting and finance operations worldwide. It offers financial close management solutions, such as account reconciliations that provides a centralized workspace for users to collaborate on account reconciliations; transaction matching that analyzes and reconciles individual transactions; task management to create and manage processes and task lists; and financial reporting analytics that enables analysis and validation of financial data.