Model N, Inc. (MODN) Releases Earnings Results, Beats Estimates By $0.03 EPS

Model N, Inc. (NYSE:MODN) announced its quarterly earnings results on Tuesday, November 7th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03, Bloomberg Earnings reports. The firm had revenue of $35.61 million for the quarter, compared to the consensus estimate of $34.86 million. Model N had a negative net margin of 30.15% and a negative return on equity of 55.26%. The business’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.28) EPS. Model N updated its Q1 guidance to (0.07)-(0.05) EPS and its FY17 guidance to (0.23)-(0.13) EPS.

Shares of Model N (NYSE MODN) opened at $15.90 on Friday. Model N has a one year low of $7.90 and a one year high of $16.20. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.13 and a quick ratio of 1.13.

ILLEGAL ACTIVITY WARNING: This article was originally published by BBNS and is the property of of BBNS. If you are reading this article on another website, it was stolen and republished in violation of international copyright laws. The correct version of this article can be accessed at https://baseballnewssource.com/markets/model-n-inc-modn-announces-earnings-results/1759571.html.

A number of analysts have recently issued reports on the stock. BidaskClub raised shares of Model N from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. Zacks Investment Research downgraded shares of Model N from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. Finally, ValuEngine raised shares of Model N from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $14.75.

In other Model N news, Director Alan S. Henricks sold 4,730 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were 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 approximately $585,555.06. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David Barter sold 3,596 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $14.65, for a total transaction of $52,681.40. Following the sale, the chief financial officer now owns 111,676 shares in the company, valued at approximately $1,636,053.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,099 shares of company stock worth $401,158. 20.40% of the stock is owned by company insiders.

Model N Company Profile

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)

Receive News & Ratings for Model N Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Model N Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot


Leave a Reply

 
© 2006-2017 BBNS.