BlackLine, Inc. (BL) EPS Estimated At $-0.10; Ativo Capital Management Has Decreased By $3.05 Million Its Taiwan Semiconductor Mfg LTD S (TSM) Position

April 24, 2018 - By Louis Casey

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Logo

Analysts expect BlackLine, Inc. (NASDAQ:BL) to report $-0.10 EPS on May, 3 after the close.They anticipate $0.00 EPS change or 0.00% from last quarter’s $-0.1 EPS. After having $-0.02 EPS previously, BlackLine, Inc.’s analysts see 400.00% EPS growth. The stock decreased 0.22% or $0.09 during the last trading session, reaching $40.97. About 176,309 shares traded. BlackLine, Inc. (NASDAQ:BL) has risen 35.71% since April 24, 2017 and is uptrending. It has outperformed by 24.16% the S&P500.

Ativo Capital Management Llc decreased Taiwan Semiconductor Mfg Ltd S (TSM) stake by 43.58% reported in 2017Q4 SEC filing. Ativo Capital Management Llc sold 78,141 shares as Taiwan Semiconductor Mfg Ltd S (TSM)’s stock rose 9.24%. The Ativo Capital Management Llc holds 101,151 shares with $4.01 million value, down from 179,292 last quarter. Taiwan Semiconductor Mfg Ltd S now has $200.74 billion valuation. The stock decreased 0.51% or $0.2 during the last trading session, reaching $38.75. About 11.18 million shares traded or 44.16% up from the average. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has risen 30.51% since April 24, 2017 and is uptrending. It has outperformed by 18.96% the S&P500.

BlackLine, Inc. provides financial accounting close solutions delivered as a Software as a Service in the United States and internationally. The company has market cap of $2.19 billion. The Company’s solutions enables its clients to address various aspects of their financial closing process, including account reconciliations, variance analysis of account balances, and journal entry capabilities, as well as a range of data matching capabilities. It currently has negative earnings. The company's solutions comprise reconciliation management solution that consists of account reconciliations, transaction matching, consolidation integrity manager, and daily reconciliations; and a framework for the reconciliation process, which allows users to build integrity checks and automation into the entire end-to-end work flow.

Among 7 analysts covering BlackLine (NASDAQ:BL), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. BlackLine had 8 analyst reports since November 22, 2016 according to SRatingsIntel. The firm has “Neutral” rating given on Tuesday, November 22 by Goldman Sachs. The rating was upgraded by JMP Securities on Thursday, November 16 to “Market Outperform”. KeyBanc Capital Markets maintained the shares of BL in report on Friday, November 17 with “Overweight” rating. The stock of BlackLine, Inc. (NASDAQ:BL) earned “Outperform” rating by Raymond James on Tuesday, November 22. Pacific Crest initiated BlackLine, Inc. (NASDAQ:BL) on Tuesday, November 22 with “Overweight” rating. Robert W. Baird initiated it with “Outperform” rating and $33 target in Tuesday, November 22 report. The rating was initiated by JP Morgan with “Neutral” on Tuesday, November 22.

Among 8 analysts covering Taiwan Semiconductor Manufacturing (NYSE:TSM), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Taiwan Semiconductor Manufacturing had 17 analyst reports since August 24, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Tuesday, October 4 by Susquehanna. Susquehanna maintained the stock with “Hold” rating in Thursday, April 19 report. As per Monday, January 22, the company rating was upgraded by Goldman Sachs. The stock of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has “Buy” rating given on Tuesday, October 10 by J.P. Morgan. The stock of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) earned “Outperform” rating by Credit Suisse on Friday, December 11. Goldman Sachs downgraded Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) on Tuesday, June 28 to “Neutral” rating. HSBC upgraded the stock to “Buy” rating in Tuesday, January 16 report. Susquehanna maintained Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) rating on Thursday, January 18. Susquehanna has “Hold” rating and $38.0 target. Susquehanna maintained Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) on Tuesday, March 13 with “Hold” rating. The firm has “Equal-Weight” rating given on Monday, November 27 by Morgan Stanley.

BlackLine, Inc. (NASDAQ:BL) Ratings Chart

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