N-able (NABL) Set to Announce Quarterly Earnings on Thursday

N-able (NYSE:NABL) is set to post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect N-able to post earnings of $0.10 per share for the quarter. N-able has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

N-able (NYSE:NABL) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. The business had revenue of $119.40 million for the quarter, compared to analyst estimates of $116.83 million. N-able had a return on equity of 5.67% and a net margin of 7.19%. N-able’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS. On average, analysts expect N-able to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

N-able Price Performance

N-able stock opened at $12.47 on Wednesday. The stock has a 50-day moving average price of $12.62 and a two-hundred day moving average price of $13.21. N-able has a 12 month low of $11.50 and a 12 month high of $15.48. The company has a market capitalization of $2.31 billion, a PE ratio of 73.35 and a beta of 0.47. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.46.

Insider Activity

In other N-able news, Director Ann Johnson sold 21,200 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $12.79, for a total transaction of $271,148.00. Following the completion of the sale, the director now owns 48,797 shares of the company’s stock, valued at approximately $624,113.63. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other N-able news, Director Ann Johnson sold 21,200 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $12.79, for a total transaction of $271,148.00. Following the sale, the director now owns 48,797 shares of the company’s stock, valued at approximately $624,113.63. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Tim James O’brien sold 11,195 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $12.84, for a total value of $143,743.80. Following the completion of the transaction, the chief financial officer now directly owns 654,232 shares in the company, valued at $8,400,338.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 199,351 shares of company stock valued at $2,551,240. Company insiders own 1.43% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reiterated a “buy” rating and issued a $16.50 price objective on shares of N-able in a report on Friday, August 9th.

About N-able

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