N-able, Inc. (NYSE:NABL) Expected to Post Earnings of $0.08 Per Share

Brokerages forecast that N-able, Inc. (NYSE:NABLGet Rating) will report $0.08 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for N-able’s earnings. The company is scheduled to report its next quarterly earnings report before the market opens on Monday, January 1st.

Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow N-able.

N-able (NYSE:NABLGet Rating) last issued its quarterly earnings data on Thursday, February 24th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.02). The firm had revenue of $89.50 million during the quarter, compared to the consensus estimate of $89.06 million. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year.

Separately, Zacks Investment Research raised shares of N-able from a “sell” rating to a “hold” rating in a research note on Friday, March 25th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $16.30.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. New York State Common Retirement Fund bought a new position in shares of N-able during the 3rd quarter worth about $490,000. Treasurer of the State of North Carolina bought a new position in N-able in the third quarter worth approximately $177,000. Shell Asset Management Co. acquired a new stake in N-able in the third quarter valued at approximately $72,000. Deutsche Bank AG bought a new stake in shares of N-able during the third quarter valued at approximately $1,596,000. Finally, Pzena Investment Management LLC acquired a new position in shares of N-able during the third quarter worth approximately $368,000.

Shares of NYSE NABL opened at $10.00 on Monday. The stock has a 50 day moving average price of $10.02. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.99 and a current ratio of 1.99. N-able has a 52-week low of $8.70 and a 52-week high of $16.00.

About N-able (Get Rating)

N-able, Inc provides cloud-based software solutions for managed service providers (MSPs) 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. Its software platform is designed to be an enterprise-grade solution that serves as an operating system for its MSP partners and scales as their businesses grow.

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