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.
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.
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