Analysts Anticipate Model N Inc (NYSE:MODN) to Announce $0.08 Earnings Per Share

Analysts forecast that Model N Inc (NYSE:MODN) will announce $0.08 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Model N’s earnings. Model N posted earnings of $0.06 per share in the same quarter last year, which would indicate a positive year over year growth rate of 33.3%. The firm is scheduled to announce its next earnings report on Tuesday, November 5th.

On average, analysts expect that Model N will report full year earnings of $0.18 per share for the current year. For the next year, analysts forecast 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 calculations are a mean average based on a survey of sell-side research firms that cover Model N.

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



MODN has been the topic of a number of research reports. National Securities reaffirmed a “buy” rating on shares of Model N in a research note on Wednesday, May 8th. JPMorgan Chase & Co. upped their price target on shares of Model N from $21.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Chardan Capital reaffirmed a “buy” rating and issued a $23.00 price target on shares of Model N in a research note on Monday, May 20th. Needham & Company LLC raised shares of Model N from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Wednesday, August 7th. Finally, JMP Securities upped their price target on shares of Model N to $29.00 and gave the stock a “positive” rating in a research note on Wednesday, August 7th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $23.13.

Shares of NYSE MODN traded up $0.23 during mid-day trading on Wednesday, reaching $27.03. The company had a trading volume of 693,819 shares, compared to its average volume of 223,879. Model N has a twelve month low of $12.60 and a twelve month high of $27.47. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market capitalization of $855.73 million, a PE ratio of -37.03 and a beta of 0.56. The stock’s 50 day moving average is $22.54 and its 200-day moving average is $19.03.

In other Model N news, SVP Mark Albert Anderson sold 2,600 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $27.26, for a total transaction of $70,876.00. Following the transaction, the senior vice president now directly owns 128,125 shares of the company’s stock, valued at $3,492,687.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David Barter sold 1,522 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $26.12, for a total transaction of $39,754.64. Following the transaction, the chief financial officer now directly 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 three months. Company insiders own 1.20% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Altshuler Shaham Ltd increased its position in Model N by 216.5% during the second quarter. Altshuler Shaham Ltd now owns 1,459 shares of the software maker’s stock worth $28,000 after buying an additional 998 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Model N during the second quarter worth $40,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Model N by 68.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,209 shares of the software maker’s stock worth $43,000 after buying an additional 896 shares during the last quarter. Aperio Group LLC acquired a new position in Model N during the second quarter worth $47,000. Finally, BNP Paribas Arbitrage SA increased its position in Model N by 7,886.8% during the first quarter. BNP Paribas Arbitrage SA now owns 5,431 shares of the software maker’s stock worth $95,000 after buying an additional 5,363 shares during the last quarter. 75.70% of the stock is currently owned by hedge funds and other institutional investors.

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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