BlackLine (NASDAQ:BL) Updates 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.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BL shares. Truist Financial lifted their price objective on BlackLine from $55.00 to $60.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Piper Sandler lowered their target price on shares of BlackLine from $60.00 to $58.00 and set an “underweight” rating for the company in a report on Wednesday. Citigroup raised BlackLine from a “neutral” rating to a “buy” rating and set a $73.00 price target on the stock in a research note on Thursday, January 16th. JMP Securities reaffirmed a “market outperform” rating and set a $86.00 price objective on shares of BlackLine in a research note on Wednesday, January 15th. Finally, JPMorgan Chase & Co. boosted their price target on shares of BlackLine from $47.00 to $50.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $67.90.

BlackLine Stock Performance

Shares of BL stock traded down $11.04 during midday trading on Wednesday, hitting $52.36. 841,339 shares of the company were exchanged, compared to its average volume of 559,188. BlackLine has a 52 week low of $43.37 and a 52 week high of $69.31. The firm has a market capitalization of $3.27 billion, a P/E ratio of 53.41, a PEG ratio of 9.14 and a beta of 0.92. The firm’s 50 day moving average price is $61.84 and its two-hundred day moving average price is $56.69. 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 (NASDAQ:BL) last issued its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 research analysts anticipate that BlackLine will post 1 earnings per share for the current year.

Insider Transactions at BlackLine

In other BlackLine news, CRO Mark Woodhams sold 24,408 shares of BlackLine stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $64.32, for a total value of $1,569,922.56. Following the completion of the transaction, the executive now directly owns 72,920 shares of the company’s stock, valued at $4,690,214.40. The trade was a 25.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 9.93% of the company’s stock.

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.