-$0.15 Earnings Per Share Expected for Blackline Inc (BL) This Quarter

Equities analysts forecast that Blackline Inc (NYSE:BL) will announce earnings per share (EPS) of ($0.15) for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Blackline’s earnings. The firm is scheduled to announce its next earnings report on Thursday, August 3rd.

According to Zacks, analysts expect that Blackline will report full year earnings of ($0.45) per share for the current year, with EPS estimates ranging from ($0.47) to ($0.44). For the next year, analysts forecast that the firm will report earnings of ($0.41) per share, with EPS estimates ranging from ($0.45) to ($0.36). Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover Blackline.

BL has been the topic of a number of research reports. Robert W. Baird initiated coverage on Blackline in a report on Tuesday, February 28th. They issued an “outperform” rating and a $33.00 price target on the stock. Zacks Investment Research upgraded Blackline from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Wednesday, March 1st. William Blair reiterated an “outperform” rating on shares of Blackline in a report on Friday, February 24th. Finally, Vetr upgraded Blackline from a “buy” rating to a “strong-buy” rating and set a $36.38 target price on the stock in a report on Monday, February 27th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $34.14.

In related news, insider Mario Spanicciati sold 5,000 shares of the company’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $35.34, for a total transaction of $176,700.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 110,000 shares of company stock worth $3,702,700 in the last quarter.

A number of hedge funds have recently added to or reduced their stakes in BL. Nationwide Fund Advisors raised its stake in Blackline by 26.7% in the first quarter. Nationwide Fund Advisors now owns 5,776 shares of the technology company’s stock valued at $172,000 after buying an additional 1,217 shares in the last quarter. American International Group Inc. acquired a new stake in Blackline during the first quarter valued at about $173,000. Teachers Advisors LLC acquired a new stake in Blackline during the fourth quarter valued at about $310,000. Metropolitan Life Insurance Co. NY acquired a new stake in Blackline during the fourth quarter valued at about $323,000. Finally, Redmond Asset Management LLC acquired a new stake in Blackline during the fourth quarter valued at about $468,000.

ILLEGAL ACTIVITY WARNING: This article was reported by Mideast Time and is the property of of Mideast Time. If you are reading this article on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright law. The correct version of this article can be read at https://www.mideasttime.com/0-15-earnings-per-share-expected-for-blackline-inc-bl-this-quarter-2/1787789.html.

Blackline (BL) traded up 4.29% during midday trading on Tuesday, hitting $35.23. The stock had a trading volume of 387,293 shares. Blackline has a 52 week low of $21.66 and a 52 week high of $36.37. The stock has a 50-day moving average of $32.98 and a 200-day moving average of $29.47. The firm’s market cap is $1.81 billion.

Blackline Company Profile

BlackLine, Inc is a holding company. The Company provides cloud-based software platform that is designed to automate and streamline accounting and finance operations. Its platform supports accounting processes, such as the financial close, account reconciliation, intercompany accounting and controls assurance.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Get a free copy of the Zacks research report on Blackline (BL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Blackline Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackline Inc and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.