Brokerages expect that Model N Inc (NYSE:MODN) will announce earnings of $0.01 per share for the current quarter, Zacks reports. Three analysts have made estimates for Model N’s earnings, with estimates ranging from $0.01 to $0.02. Model N posted earnings of ($0.07) per share during the same quarter last year, which indicates a positive year over year growth rate of 114.3%. The firm is expected to issue its next quarterly earnings results on Tuesday, August 6th.
On average, analysts expect that Model N will report full year earnings of $0.14 per share for the current financial year, with EPS estimates ranging from $0.11 to $0.15. For the next year, analysts forecast that the firm will report earnings of $0.25 per share, with EPS estimates ranging from $0.23 to $0.28. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Model N.
Model N (NYSE:MODN) last released its earnings results on Tuesday, May 7th. The software maker reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.20. The firm had revenue of $34.84 million for the quarter, compared to analyst estimates of $34.52 million. Model N had a negative return on equity of 56.80% and a negative net margin of 20.30%. Model N’s revenue was down 11.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.02 earnings per share.
NYSE:MODN traded up $0.19 during mid-day trading on Tuesday, reaching $18.52. 117,220 shares of the stock were exchanged, compared to its average volume of 176,659. The firm has a market cap of $595.40 million, a P/E ratio of -25.37 and a beta of 0.60. Model N has a 1-year low of $12.60 and a 1-year high of $20.33. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.86.
In other Model N news, Director Alan S. Henricks sold 12,914 shares of Model N stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $17.08, for a total transaction of $220,571.12. Following the transaction, the director now owns 50,173 shares of the company’s stock, valued at approximately $856,954.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Neeraj Gokhale sold 7,725 shares of Model N stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $17.06, for a total value of $131,788.50. The disclosure for this sale can be found here. Insiders sold a total of 56,143 shares of company stock worth $1,002,302 in the last three months. 1.20% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. BlueMountain Capital Management LLC lifted its holdings in shares of Model N by 109.9% during the 1st quarter. BlueMountain Capital Management LLC now owns 28,636 shares of the software maker’s stock valued at $502,000 after buying an additional 14,994 shares during the last quarter. M&T Bank Corp acquired a new stake in shares of Model N during the 1st quarter valued at about $268,000. ArrowMark Colorado Holdings LLC lifted its holdings in shares of Model N by 10.3% during the 1st quarter. ArrowMark Colorado Holdings LLC now owns 1,143,955 shares of the software maker’s stock valued at $20,065,000 after buying an additional 106,608 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Model N during the 1st quarter valued at about $395,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Model N by 4.4% during the 1st quarter. Geode Capital Management LLC now owns 309,308 shares of the software maker’s stock valued at $5,425,000 after buying an additional 12,955 shares during the last quarter. 72.37% of the stock is currently owned by institutional investors.
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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