BlackLine (NASDAQ:BL) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Key Points

• BlackLine reported quarterly earnings of $0.19 per share, missing the consensus estimate of $0.50 by $0.31.
• The company updated its FY 2025 EPS guidance to a range of $2.130-$2.240, with Q3 2025 guidance set at $0.480-$0.510.
• Institutional investors own 95.13% of BlackLine's stock, indicating strong support from large stakeholders.

BlackLine (NASDAQ:BL - Get Free Report) posted its earnings results on Tuesday. The technology company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01, Briefing.com reports. The firm had revenue of $172.03 million during the quarter, compared to analyst estimates of $170.87 million. BlackLine had a net margin of 23.60% and a return on equity of 18.70%. The business's revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 EPS. BlackLine updated its FY 2025 guidance to 2.130-2.240 EPS and its Q3 2025 guidance to 0.480-0.510 EPS.

BlackLine Trading Up 1.7%

Shares of BL opened at $54.43 on Wednesday. The firm's 50 day simple moving average is $55.96 and its 200 day simple moving average is $53.11. The company has a market capitalization of $3.39 billion, a P/E ratio of 39.44, a P/E/G ratio of 8.83 and a beta of 0.91. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.66 and a quick ratio of 1.66. BlackLine has a 1-year low of $40.82 and a 1-year high of $66.25.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Piper Sandler upped their price objective on shares of BlackLine from $46.00 to $50.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Morgan Stanley dropped their price objective on shares of BlackLine from $80.00 to $65.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Wall Street Zen downgraded shares of BlackLine from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Truist Financial upped their price objective on shares of BlackLine from $40.00 to $45.00 and gave the company a "hold" rating in a report on Thursday, May 8th. Finally, The Goldman Sachs Group lowered their price target on shares of BlackLine from $51.00 to $43.00 and set a "sell" rating on the stock in a report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, BlackLine has an average rating of "Hold" and a consensus price target of $60.79.

Insider Buying and Selling

In related news, CRO Mark Woodhams sold 1,856 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $54.65, for a total value of $101,430.40. Following the sale, the executive directly owned 61,390 shares of the company's stock, valued at $3,354,963.50. This trade represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Michelle D. Stalick sold 795 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $55.14, for a total transaction of $43,836.30. Following the transaction, the chief accounting officer owned 25,235 shares in the company, valued at $1,391,457.90. The trade was a 3.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.60% of the company's stock.

Institutional Trading of BlackLine

Large investors have recently added to or reduced their stakes in the stock. Strs Ohio bought a new stake in BlackLine in the first quarter valued at $82,000. Intech Investment Management LLC boosted its holdings in BlackLine by 28.1% in the first quarter. Intech Investment Management LLC now owns 25,883 shares of the technology company's stock valued at $1,253,000 after acquiring an additional 5,682 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in BlackLine by 5.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,670 shares of the technology company's stock valued at $1,679,000 after acquiring an additional 1,814 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in BlackLine by 4.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 164,763 shares of the technology company's stock valued at $7,978,000 after acquiring an additional 7,228 shares in the last quarter. Institutional investors own 95.13% of the company's stock.

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.