Model N, Inc. (MODN) Issues FY17 Earnings Guidance
Model N, Inc. (NYSE:MODN) updated its FY17 earnings guidance on Tuesday. The company provided EPS guidance of (0.23)-(0.13) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.62). The company issued revenue guidance of $147-150 million, compared to the consensus revenue estimate of $130.42 million.Model N also updated its Q1 guidance to (0.07)-(0.05) EPS.
Several brokerages have weighed in on MODN. Zacks Investment Research upgraded Model N from a hold rating to a buy rating and set a $15.00 price target on the stock in a report on Monday, August 14th. BidaskClub downgraded Model N from a buy rating to a hold rating in a report on Wednesday, October 25th. Finally, ValuEngine upgraded Model N from a sell rating to a hold rating in a report on Friday, September 1st. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $13.67.
Model N, Inc. (NYSE:MODN) traded down $0.10 during trading hours on Tuesday, hitting $13.75. The stock had a trading volume of 157,301 shares, compared to its average volume of 69,398. Model N, Inc. has a twelve month low of $6.97 and a twelve month high of $15.05. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.26.
Model N (NYSE:MODN) last released its quarterly earnings data on Tuesday, August 8th. The software maker reported ($0.23) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.04. The business had revenue of $34.20 million during the quarter, compared to analysts’ expectations of $34.41 million. Model N had a negative return on equity of 52.59% and a negative net margin of 30.85%. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.16) EPS. research analysts forecast that Model N, Inc. will post -0.95 earnings per share for the current year.
In related news, CFO David Barter sold 3,596 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $14.65, for a total value of $52,681.40. Following the completion of the sale, the chief financial officer now directly owns 111,676 shares of the company’s stock, valued at approximately $1,636,053.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Amelia Generalis sold 6,298 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $13.35, for a total value of $84,078.30. Following the completion of the sale, the senior vice president now directly owns 70,436 shares of the company’s stock, valued at $940,320.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,652 shares of company stock valued at $186,741. Insiders own 20.40% of the company’s stock.
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.
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