BlackLine (NASDAQ:BL) Releases 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) announced its quarterly earnings results on Tuesday. The technology company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.01, Briefing.com reports. BlackLine had a net margin of 13.05% and a return on equity of 15.95%. The business had revenue of $172.03 million for the quarter, compared to analyst estimates of $170.87 million. During the same quarter in the prior year, the business earned $0.58 EPS. BlackLine's quarterly revenue was up 7.2% on a year-over-year basis. BlackLine updated its FY 2025 guidance to 2.130-2.240 EPS and its Q3 2025 guidance to 0.480-0.510 EPS.

BlackLine Stock Down 4.3%

Shares of BL traded down $2.15 during trading hours on Friday, reaching $48.35. 995,655 shares of the stock traded hands, compared to its average volume of 680,524. The company has a current ratio of 1.64, a quick ratio of 1.66 and a debt-to-equity ratio of 1.61. The stock has a fifty day simple moving average of $55.66 and a 200 day simple moving average of $52.95. BlackLine has a 52 week low of $40.82 and a 52 week high of $66.25. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 37.48, a PEG ratio of 6.95 and a beta of 0.91.

Insider Transactions at BlackLine

In other BlackLine news, CRO Mark Woodhams sold 1,856 shares of BlackLine stock in a transaction dated 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 owned 61,390 shares of the company's stock, valued at approximately $3,354,963.50. The trade was a 2.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Michelle D. Stalick sold 795 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $55.14, for a total transaction of $43,836.30. Following the completion of the transaction, the chief accounting officer directly owned 25,235 shares of the company's stock, valued at approximately $1,391,457.90. This trade represents a 3.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.60% of the stock is owned by company insiders.

Institutional Trading of BlackLine

A number of hedge funds and other institutional investors have recently bought and sold shares of BL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in BlackLine by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,670 shares of the technology company's stock worth $1,679,000 after buying an additional 1,814 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in BlackLine by 4.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 164,763 shares of the technology company's stock worth $7,978,000 after buying an additional 7,228 shares in the last quarter. Intech Investment Management LLC grew its stake in BlackLine by 28.1% in the 1st quarter. Intech Investment Management LLC now owns 25,883 shares of the technology company's stock worth $1,253,000 after buying an additional 5,682 shares in the last quarter. Finally, Strs Ohio purchased a new position in BlackLine in the 1st quarter worth approximately $82,000. Institutional investors own 95.13% of the company's stock.

Wall Street Analysts Forecast Growth

BL has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of BlackLine from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Raymond James Financial raised shares of BlackLine from a "market perform" rating to an "outperform" rating and set a $67.00 price objective for the company in a report on Tuesday, July 29th. Citigroup reissued a "buy" rating and issued a $67.00 price objective (up previously from $58.00) on shares of BlackLine in a report on Wednesday, July 16th. Piper Sandler upped their price target on shares of BlackLine from $46.00 to $50.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Finally, DA Davidson downgraded shares of BlackLine from a "strong-buy" rating to a "neutral" rating and set a $56.00 price target for the company. in a report on Wednesday. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, BlackLine currently has a consensus rating of "Hold" and a consensus price target of $61.08.

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.