Todays Report: Today, Blackline Inc (BL) Expected to Earn Q3 2016 Earnings of ($0.05) Per Share

Today, Blackline Inc (BL) Expected to Earn Q3 2016 Earnings of ($0.05) Per Share

Blackline Inc (NYSE:BL) – Equities research analysts at William Blair issued their Q3 2016 earnings per share (EPS) estimates for Blackline in a research note issued to investors on Tuesday. William Blair analyst B. Suri anticipates that the firm will post earnings of ($0.05) per share for the quarter. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Blackline’s Q4 2016 earnings at ($0.20) EPS, FY2016 earnings at ($0.52) EPS, Q1 2017 earnings at ($0.13) EPS, Q2 2017 earnings at ($0.11) EPS, Q3 2017 earnings at ($0.08) EPS, Q4 2017 earnings at ($0.08) EPS, FY2017 earnings at ($0.40) EPS and FY2018 earnings at ($0.16) EPS.

Several other analysts have also recently weighed in on BL. Goldman Sachs Group Inc. began coverage on Blackline in a report on Tuesday. They set a “neutral” rating for the company. JPMorgan Chase & Co. began coverage on Blackline in a report on Tuesday. They set a “neutral” rating for the company. Robert W. Baird began coverage on Blackline in a report on Tuesday. They set an “outperform” rating and a $33.00 price target for the company. Raymond James Financial Inc. began coverage on Blackline in a report on Tuesday. They set an “outperform” rating and a $31.00 price target for the company. Finally, Pacific Crest began coverage on Blackline in a report on Tuesday. They set an “overweight” rating and a $31.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Blackline currently has an average rating of “Buy” and a consensus target price of $31.67.

Shares of Blackline (NYSE:BL) opened at 26.97 on Thursday. The stock’s 50 day moving average price is $24.65 and its 200 day moving average price is $24.65. The company’s market cap is $1.10 billion. Blackline has a one year low of $21.66 and a one year high of $28.50.

In related news, major shareholder Iconiq Strategic Partners, L.P acquired 825,000 shares of the company’s stock in a transaction on Wednesday, November 2nd. The stock was purchased at an average cost of $17.00 per share, with a total value of $14,025,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Blackline Company Profile

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