Zacks: Brokerages Expect Model N Inc (NYSE:MODN) Will Announce Earnings of $0.08 Per Share

Analysts expect Model N Inc (NYSE:MODN) to post $0.08 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Model N’s earnings. Model N reported earnings of $0.06 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 33.3%. The company is expected to issue its next earnings results after the market closes on Tuesday, November 5th.

According to Zacks, analysts expect that Model N will report full-year earnings of $0.18 per share for the current fiscal year. For the next financial year, analysts expect that the business will post earnings of $0.26 per share, with EPS estimates ranging from $0.24 to $0.27. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Model N.

Model N (NYSE:MODN) last released its earnings results on Tuesday, August 6th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.09. The firm had revenue of $34.71 million during the quarter, compared to analyst estimates of $34.16 million. Model N had a negative return on equity of 27.17% and a negative net margin of 12.21%. Model N’s revenue was down 12.4% compared to the same quarter last year. During the same period last year, the business posted ($0.07) earnings per share.

A number of research analysts recently issued reports on MODN shares. JMP Securities lifted their target price on Model N to $29.00 and gave the company a “positive” rating in a report on Wednesday, August 7th. They noted that the move was a valuation call. JPMorgan Chase & Co. lifted their target price on Model N from $21.00 to $25.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Dougherty & Co lifted their target price on Model N from $26.00 to $32.00 and gave the company a “buy” rating in a report on Monday, September 23rd. ValuEngine lowered Model N from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Needham & Company LLC upgraded Model N from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $24.25.

In other Model N news, SVP Mark Albert Anderson sold 2,600 shares of Model N stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $27.26, for a total transaction of $70,876.00. Following the completion of the sale, the senior vice president now directly owns 128,125 shares of the company’s stock, valued at approximately $3,492,687.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David Barter sold 1,522 shares of Model N stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $26.12, for a total value of $39,754.64. Following the sale, the chief financial officer now directly owns 176,862 shares of the company’s stock, valued at $4,619,635.44. The disclosure for this sale can be found here. Insiders have sold a total of 8,998 shares of company stock valued at $237,992 over the last ninety days. 1.20% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dupont Capital Management Corp purchased a new stake in Model N during the 3rd quarter worth about $344,000. Cutler Group LP lifted its holdings in shares of Model N by 1,500.0% in the 3rd quarter. Cutler Group LP now owns 1,400 shares of the software maker’s stock valued at $38,000 after purchasing an additional 1,500 shares during the last quarter. Wakefield Asset Management LLLP purchased a new stake in shares of Model N in the 3rd quarter valued at about $493,000. Envestnet Asset Management Inc. purchased a new stake in shares of Model N in the 3rd quarter valued at about $236,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Model N in the 3rd quarter valued at about $93,000. 78.69% of the stock is owned by institutional investors.

NYSE:MODN traded up $0.37 during midday trading on Monday, reaching $28.95. The company had a trading volume of 229,675 shares, compared to its average volume of 249,280. The firm has a market capitalization of $933.87 million, a price-to-earnings ratio of -39.66 and a beta of 0.50. The stock’s fifty day simple moving average is $28.02 and its 200-day simple moving average is $22.75. Model N has a 12-month low of $12.60 and a 12-month high of $29.26. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.85.

About Model N

Model N, Inc provides revenue management cloud solutions for the life sciences and technology companies. The company's cloud-based revenue management solutions include Revenue Cloud for Pharma, Revenue Cloud for Med Tech, and Revenue Cloud for Semiconductors and High Tech Manufacturing. It develops software applications, such as managed care and government pricing for life science companies; and channel incentives for technology companies.

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