Model N (NYSE:MODN) Updates Q1 Earnings Guidance

Share on StockTwits

Model N (NYSE:MODN) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.05-$0.07 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.05. The company issued revenue guidance of $37.0-$37.4 million, compared to the consensus revenue estimate of $36.84 million.Model N also updated its FY20 guidance to $0.22-$0.31 EPS.

NYSE MODN traded up $0.05 during trading hours on Wednesday, hitting $29.48. 496,202 shares of the stock were exchanged, compared to its average volume of 258,582. The company has a market cap of $987.56 million, a price-to-earnings ratio of -40.38 and a beta of 0.52. Model N has a 12-month low of $12.60 and a 12-month high of $30.68. The stock has a 50-day moving average of $28.34 and a 200 day moving average of $23.23. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.85.

Model N (NYSE:MODN) last issued its earnings results on Tuesday, November 5th. The software maker reported $0.12 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.15. Model N had a negative net margin of 12.21% and a negative return on equity of 27.17%. The company had revenue of $36.60 million for the quarter, compared to analyst estimates of $35.72 million. During the same period in the prior year, the business posted $0.06 earnings per share. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. On average, equities research analysts expect that Model N will post -0.32 earnings per share for the current year.

Several brokerages have weighed in on MODN. Dougherty & Co upped their target price on shares of Model N from $26.00 to $32.00 and gave the stock a buy rating in a research report on Monday, September 23rd. JMP Securities upped their target price on shares of Model N to $29.00 and gave the stock a positive rating in a research report on Wednesday, August 7th. They noted that the move was a valuation call. ValuEngine lowered shares of Model N from a buy rating to a hold rating in a research report on Wednesday, October 2nd. Needham & Company LLC restated a buy rating and set a $34.00 target price on shares of Model N in a research report on Wednesday. Finally, JPMorgan Chase & Co. upped their target price on shares of Model N from $21.00 to $25.00 and gave the stock a neutral rating in a research 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 stock. Model N has an average rating of Buy and an average target price of $25.25.

In other news, CEO Jason Blessing sold 4,326 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $26.12, for a total value of $112,995.12. Following the sale, the chief executive officer now directly owns 357,858 shares in the company, valued at $9,347,250.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David Barter sold 1,522 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $26.12, for a total transaction of $39,754.64. Following the completion of the sale, the chief financial officer now owns 176,862 shares in the company, valued at $4,619,635.44. The disclosure for this sale can be found here. Insiders have sold 8,998 shares of company stock worth $237,992 over the last 90 days. 1.20% of the stock is currently owned by company insiders.

Model N Company Profile

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.

Read More: Momentum Indicators

Earnings History and Estimates for Model N (NYSE:MODN)

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



Latest News

Jennifer R. Condame Sells 1,609 Shares of Graham Co.  Stock
Jennifer R. Condame Sells 1,609 Shares of Graham Co. Stock
Michael R. Smith Purchases 5,000 Shares of ICC Holdings Inc  Stock
Michael R. Smith Purchases 5,000 Shares of ICC Holdings Inc Stock
Insider Selling: eXp World Holdings Inc  CAO Sells 8,334 Shares of Stock
Insider Selling: eXp World Holdings Inc CAO Sells 8,334 Shares of Stock
Mario J. Gabelli Buys 2,264 Shares of Associated Capital Group Inc  Stock
Mario J. Gabelli Buys 2,264 Shares of Associated Capital Group Inc Stock
Joshua Levine Sells 17,587 Shares of Accuray Incorporated  Stock
Joshua Levine Sells 17,587 Shares of Accuray Incorporated Stock
Hanger Inc  Shares Purchased by Barclays PLC
Hanger Inc Shares Purchased by Barclays PLC


© 2006-2019 Ticker Report