Model N (MODN) Announces Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Model N (NYSE:MODN) released its quarterly earnings data on Tuesday. The software maker reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.09, Bloomberg Earnings reports. Model N had a negative net margin of 26.17% and a negative return on equity of 53.40%. The business had revenue of $39.10 million for the quarter, compared to analyst estimates of $37.14 million. During the same quarter last year, the firm earned ($0.15) EPS. Model N’s quarterly revenue was up 39.1% compared to the same quarter last year. Model N updated its Q2 guidance to ($0.05)-($0.03) EPS and its FY18 guidance to ($0.10)-($0.03) EPS.

Shares of Model N (NYSE MODN) traded down $0.05 during mid-day trading on Thursday, reaching $17.35. 67,247 shares of the company’s stock traded hands, compared to its average volume of 197,989. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.27. The firm has a market cap of $405.26, a P/E ratio of -13.49 and a beta of 1.06. Model N has a 52-week low of $9.75 and a 52-week high of $17.65.

In other Model N news, Director Alan S. Henricks sold 13,475 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $14.50, for a total transaction of $195,387.50. Following the sale, the director now directly owns 40,134 shares in the company, valued at approximately $581,943. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan S. Henricks sold 4,730 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $14.59, for a total transaction of $69,010.70. Following the sale, the director now owns 40,134 shares in the company, valued at $585,555.06. The disclosure for this sale can be found here. Company insiders own 18.90% of the company’s stock.

MODN has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Model N from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Monday, November 13th. Raymond James Financial reissued a “hold” rating on shares of Model N in a research note on Monday, December 4th. Dougherty & Co lifted their price objective on shares of Model N from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, December 19th. BidaskClub lowered shares of Model N from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, JPMorgan Chase & Co. lowered shares of Model N from an “overweight” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a research note on Tuesday, December 12th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Model N currently has an average rating of “Hold” and a consensus price target of $18.00.

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About Model N

Model N, Inc is a provider of revenue management solutions for life science and technology companies. The Company’s solutions enable its customers to maximize revenues and reduce revenue compliance risk by transforming their revenue life cycle from a series of tactical, disjointed operations into a strategic end-to-end process.

Earnings History for Model N (NYSE:MODN)

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