N-able (NABL) Scheduled to Post Quarterly Earnings on Thursday

N-able (NYSE:NABL) is scheduled to release its earnings data before the market opens on Thursday, May 9th. Analysts expect N-able to post earnings of $0.10 per share for the quarter. N-able has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

N-able (NYSE:NABL) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. N-able had a net margin of 5.55% and a return on equity of 4.20%. The firm had revenue of $108.42 million for the quarter, compared to analyst estimates of $106.86 million. On average, analysts expect N-able to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

N-able Stock Performance

NYSE NABL opened at $12.71 on Wednesday. The company has a fifty day moving average of $12.80 and a two-hundred day moving average of $12.85. The company has a market capitalization of $2.35 billion, a PE ratio of 105.93 and a beta of 0.40. N-able has a 1 year low of $11.50 and a 1 year high of $15.44. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.75 and a quick ratio of 2.75.

Analysts Set New Price Targets

A number of analysts recently issued reports on NABL shares. Needham & Company LLC reissued a “buy” rating and issued a $16.50 target price on shares of N-able in a research report on Thursday, February 22nd. Royal Bank of Canada boosted their price objective on N-able from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd.

About N-able

N-able, Inc provides cloud-based software solutions for managed service providers in the United States, the United Kingdom, and internationally. The company's solutions enable MSPs to support digital transformation and growth within small and medium-sized enterprises. It provides software platform designed to be an integrated, enterprise-grade solution that serves as an operating system for its MSP partners and scales as their businesses grow.