Model N, Inc. (NYSE:MODN) Expected to Announce Quarterly Sales of $51.26 Million

Equities analysts expect Model N, Inc. (NYSE:MODNGet Rating) to post $51.26 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Model N’s earnings, with the lowest sales estimate coming in at $51.18 million and the highest estimate coming in at $51.35 million. Model N reported sales of $48.19 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.4%. The business is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Model N will report full year sales of $213.93 million for the current financial year, with estimates ranging from $213.25 million to $214.85 million. For the next fiscal year, analysts anticipate that the company will report sales of $239.77 million, with estimates ranging from $238.03 million to $241.77 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Model N.

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

Several equities research analysts have recently commented on MODN shares. StockNews.com cut Model N from a “buy” rating to a “hold” rating in a research note on Wednesday. TheStreet cut Model N from a “c-” rating to a “d+” rating in a research note on Thursday, February 3rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $34.00 target price on shares of Model N in a research note on Friday, March 25th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Model N has a consensus rating of “Buy” and a consensus target price of $39.50.

Shares of MODN opened at $27.26 on Thursday. The stock has a fifty day moving average price of $25.64 and a two-hundred day moving average price of $28.69. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.72 and a current ratio of 2.72. Model N has a 52-week low of $22.55 and a 52-week high of $42.74. The company has a market cap of $993.16 million, a price-to-earnings ratio of -31.70 and a beta of 0.97.

In related news, insider Laura Selig sold 1,756 shares of the company’s stock in a transaction dated Wednesday, February 16th. The stock was sold at an average price of $25.33, for a total transaction of $44,479.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO John Ederer sold 3,584 shares of the business’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 $90,782.72. The disclosure for this sale can be found here. Insiders have sold 20,562 shares of company stock worth $520,194 in the last quarter. 2.00% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Hancock Whitney Corp grew its position in shares of Model N by 3.2% in the third quarter. Hancock Whitney Corp now owns 12,702 shares of the software maker’s stock valued at $426,000 after purchasing an additional 388 shares during the last quarter. Byrne Asset Management LLC grew its position in Model N by 76.7% during the first quarter. Byrne Asset Management LLC now owns 961 shares of the software maker’s stock worth $26,000 after buying an additional 417 shares in the last quarter. M&T Bank Corp grew its position in Model N by 5.8% during the fourth quarter. M&T Bank Corp now owns 12,417 shares of the software maker’s stock worth $373,000 after buying an additional 677 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its position in Model N by 9.2% during the third quarter. Schonfeld Strategic Advisors LLC now owns 8,300 shares of the software maker’s stock worth $278,000 after buying an additional 700 shares in the last quarter. Finally, Raymond James & Associates grew its position in Model N by 3.0% during the third quarter. Raymond James & Associates now owns 25,525 shares of the software maker’s stock worth $855,000 after buying an additional 740 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors.

Model N Company Profile (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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