N-able (NABL) Set to Announce Quarterly Earnings on Thursday

N-able (NYSE:NABL) is scheduled to release its earnings data before the market opens on Thursday, November 7th. Analysts expect N-able to post earnings of $0.10 per share for the quarter. N-able has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

N-able (NYSE:NABL) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. The firm had revenue of $119.40 million during the quarter, compared to the consensus estimate of $116.83 million. N-able had a return on equity of 5.67% and a net margin of 7.19%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 EPS. 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 Price Performance

Shares of NYSE NABL traded up $0.10 during trading hours on Tuesday, reaching $12.47. 17,732 shares of the stock traded hands, compared to its average volume of 521,560. The company has a market capitalization of $2.31 billion, a P/E ratio of 72.76 and a beta of 0.47. N-able has a 52-week low of $11.50 and a 52-week high of $15.48. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.46. The company’s 50-day simple moving average is $12.62 and its two-hundred day simple moving average is $13.21.

Insider Activity

In other news, Director Ann Johnson sold 21,200 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $12.79, for a total value of $271,148.00. Following the completion of the transaction, the director now directly owns 48,797 shares in the company, valued at approximately $624,113.63. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Ann Johnson sold 21,200 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $12.79, for a total transaction of $271,148.00. Following the transaction, the director now directly owns 48,797 shares of the company’s stock, valued at approximately $624,113.63. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John Pagliuca sold 150,956 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $12.77, for a total value of $1,927,708.12. Following the completion of the sale, the chief executive officer now directly owns 1,465,346 shares of the company’s stock, valued at $18,712,468.42. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 199,351 shares of company stock worth $2,551,240 over the last 90 days. 1.43% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Needham & Company LLC reissued a “buy” rating and issued a $16.50 target price on shares of N-able in a report on Friday, August 9th.

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.