Zacks: Brokers Predict Model N, Inc. (NYSE: MODN) to Post $ 0.10 in EPS
Equity research analysts expect Model N, Inc. (NYSE: MODN) to report earnings per share (EPS) of $ 0.10 for the current fiscal quarter, reports Zacks Investment Research. Three analysts made estimates for Model N’s earnings. Model N reported earnings of $ 0.14 per share in the same quarter last year, which would indicate a negative growth rate of 28.6 % year over year. The company is expected to release its next results on Tuesday, November 9.
According to Zacks, analysts expect the Model N to report annual earnings of $ 0.41 per share for the current fiscal year, with EPS estimates ranging from $ 0.32 to $ 0.46. For next year, analysts predict the company will post earnings of $ 0.51 per share, with EPS estimates ranging from $ 0.46 to $ 0.55. Zacks earnings per share averages are an average based on a survey of sell-side research analysts who cover the N model.
Model N (NYSE: MODN) last released its quarterly results on Monday, August 9. The software maker reported earnings per share (EPS) of $ 0.16 for the quarter, beating Zacks’ consensus estimate of $ 0.02 by $ 0.14. Model N had a negative net margin of 14.90% and a negative return on equity of 7.20%. The company posted revenue of $ 51.04 million in the quarter, compared to a consensus estimate of $ 48.86 million. During the same period of the previous year, the company made a profit of $ 0.15 per share. Model N revenues increased 23.7% year over year.
MODN has been the subject of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and published a price target of $ 50.00 on Model N shares in a report released on Tuesday, August 10. Craig Hallum downgraded Model N stocks from a “hold” rating to a “buy” rating and raised their price target for the stock from $ 40.00 to $ 41.00 in a report published Tuesday August 10. One investment analyst rated the stock with a conservation rating and five gave the company a buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $ 50.20.
In addition, director Alan S. Henricks sold 2,000 shares in a transaction that took place on Thursday, August 26. The shares were sold at an average price of $ 33.75, for a total trade of $ 67,500.00. As a result of the sale, the director now owns 47,002 shares of the company, valued at $ 1,586,317.50. The transaction was disclosed in a file with the SEC, which is available at this link. In addition, Executive Vice President Mark Albert Anderson sold 5,208 shares in a trade that took place on Thursday, July 1. The shares were sold at an average price of $ 34.70, for a total trade of $ 180,717.60. Disclosure of this sale can be found here. During the last quarter, insiders sold 28,367 shares of the company valued at $ 936,894. Company insiders own 1.80% of the company’s shares.
A number of hedge funds have recently changed their holdings to MODN. Solstein Capital LLC purchased a new position in Model N in the first quarter valued at approximately $ 42,000. FORA Capital LLC purchased a new position in Model N in the first quarter valued at approximately $ 45,000. Fifth Third Bancorp increased its position in the Model N by 49.4% in the first quarter. Fifth Third Bancorp now owns 1,303 shares of the software maker valued at $ 46,000 after acquiring 431 additional shares during the period. Benjamin F. Edwards & Company Inc. purchased a new position in Model N in the first quarter valued at approximately $ 47,000. Finally, Quantbot Technologies LP increased its position in the N model by 58.0% in the first quarter. Quantbot Technologies LP now owns 2,844 shares of the software maker valued at $ 100,000 after acquiring an additional 1,044 shares during the period. Institutional investors hold 94.63% of the company’s shares.
MODN stock traded down $ 0.34 in Friday trading, reaching $ 34.14. The company had a trading volume of 109,894 shares, compared to an average volume of 249,368. The company has a market capitalization of $ 1.22 billion, a P / E ratio of -43.77 and a beta of 0. 96. The company has a debt to equity ratio of 1.00, a current ratio of 2.26, and a rapid ratio of 2.26. Model N has a 52-week low of $ 28.98 and a 52-week high of $ 48.20. The company has a 50-day moving average of $ 33.84 and a 200-day moving average of $ 35.44.
Company Profile Model N
Model N, Inc is committed to providing cloud-based revenue management solutions for the life science and technology industries. Its solutions include two complementary software application suites: Revenue Management Enterprise and Revenue Management Intelligence. The Revenue Management Enterprise suite serves as a recording system and automates the execution of revenue management processes such as pricing, contracts, and management of incentives and discounts.
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