Analysts Anticipate Model N, Inc. (NYSE:MODN) Will Post Earnings of $0.07 Per Share

Wall Street analysts expect that Model N, Inc. (NYSE:MODNGet Rating) will post $0.07 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Model N’s earnings, with the highest EPS estimate coming in at $0.07 and the lowest estimate coming in at $0.06. Model N posted earnings per share of $0.04 during the same quarter last year, which indicates a positive year-over-year growth rate of 75%. The company is expected to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Model N will report full-year earnings of $0.48 per share for the current year, with EPS estimates ranging from $0.47 to $0.48. For the next fiscal year, analysts expect that the firm will post earnings of $0.57 per share, with EPS estimates ranging from $0.48 to $0.65. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Model N.

Model N (NYSE:MODNGet Rating) last released its earnings results on Tuesday, February 8th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.10. Model N had a negative return on equity of 10.06% and a negative net margin of 15.25%. The company had revenue of $51.54 million for the quarter, compared to analysts’ expectations of $49.88 million. During the same quarter in the previous year, the firm posted $0.02 EPS. The firm’s quarterly revenue was up 20.6% on a year-over-year basis.

Several research firms have issued reports on MODN. Needham & Company LLC reiterated a “buy” rating and set a $34.00 target price on shares of Model N in a research report on Friday, March 25th. StockNews.com upgraded Model N from a “hold” rating to a “buy” rating in a research report on Tuesday, April 5th. JPMorgan Chase & Co. raised Model N from a “neutral” rating to an “overweight” rating and set a $38.00 price target on the stock in a research note on Tuesday, December 14th. Finally, TheStreet lowered Model N from a “c-” rating to a “d+” rating in a research note on Thursday, February 3rd. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Model N presently has a consensus rating of “Buy” and an average price target of $39.50.

NYSE MODN traded up $0.52 on Tuesday, hitting $27.63. 1,205 shares of the company’s stock were exchanged, compared to its average volume of 144,064. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.98. The firm has a 50-day moving average price of $25.58. Model N has a fifty-two week low of $22.55 and a fifty-two week high of $42.74. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -32.24 and a beta of 0.97.

In related news, insider Laura Selig sold 1,756 shares of the company’s stock in a transaction that occurred on Wednesday, February 16th. The stock was sold at an average price of $25.33, for a total value of $44,479.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Christopher Lyon sold 3,415 shares of the company’s stock in a transaction that occurred on Wednesday, February 16th. The shares were sold at an average price of $25.32, for a total value of $86,467.80. The disclosure for this sale can be found here. Insiders have sold a total of 20,562 shares of company stock worth $520,194 in the last three months. Corporate insiders own 2.00% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Byrne Asset Management LLC raised its holdings in Model N by 76.7% in the 1st quarter. Byrne Asset Management LLC now owns 961 shares of the software maker’s stock valued at $26,000 after acquiring an additional 417 shares during the last quarter. Fifth Third Bancorp raised its holdings in Model N by 23.1% in the 4th quarter. Fifth Third Bancorp now owns 4,006 shares of the software maker’s stock valued at $120,000 after acquiring an additional 753 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of Model N during the 4th quarter worth $201,000. Summit Global Investments acquired a new stake in shares of Model N during the 3rd quarter worth $204,000. Finally, Keebeck Alpha LP acquired a new stake in shares of Model N during the 4th quarter worth $204,000. Institutional investors own 95.27% of the company’s stock.

About Model N (Get Rating)

Model N, Inc provides cloud revenue management solutions for life sciences and high-tech companies. The company offers Global Pricing Management, which minimizes price erosion of products; Global Tender Management that enhances revenue by enabling segmentation and targeting, optimal bid pricing, and post-award tracking; Provider Management, which minimizes rebate overpayments; Payer Management that minimizes revenue leakage and noncompliance of complex contracts; Government Pricing, which optimizes revenue, and reduces the risk of fines and other penalties; and Medicaid that enhances compliance with regulatory requirements and payments of rebate claims timely, as well as at correct rates for government medicaid programs.

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