Model N (MODN) Updates FY18 Earnings Guidance

Model N (NYSE:MODN) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share guidance of ($0.10)-($0.03) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.16). The company issued revenue guidance of $149.0-$151.0 million, compared to the consensus revenue estimate of $149.25 million.Model N also updated its Q2 guidance to ($0.05)-($0.03) EPS.

Model N (NYSE MODN) opened at $17.40 on Thursday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.13 and a quick ratio of 1.13. Model N has a 12 month low of $9.60 and a 12 month high of $17.50. The company has a market capitalization of $405.26, a PE ratio of -13.49 and a beta of 1.06.

Model N (NYSE:MODN) last posted its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.09. Model N had a negative return on equity of 53.40% and a negative net margin of 26.17%. The firm had revenue of $39.10 million for the quarter, compared to the consensus estimate of $37.14 million. During the same quarter last year, the company earned ($0.15) earnings per share. The business’s revenue for the quarter was up 39.1% compared to the same quarter last year. research analysts expect that Model N will post -0.64 EPS for the current fiscal year.

Several research analysts have recently commented on MODN shares. Zacks Investment Research raised Model N from a hold rating to a buy rating and set a $18.00 price objective on the stock in a research note on Friday, January 5th. BidaskClub downgraded Model N from a buy rating to a hold rating in a research note on Wednesday, October 25th. Dougherty & Co lifted their target price on Model N from $17.00 to $20.00 and gave the company a buy rating in a research note on Tuesday, December 19th. Raymond James Financial reaffirmed a hold rating on shares of Model N in a research note on Monday, December 4th. Finally, JPMorgan Chase & Co. downgraded Model N from an overweight rating to a neutral rating and set a $18.00 price objective on the stock. in a research note on Tuesday, December 12th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of $18.00.

In other news, Director Alan S. Henricks sold 13,475 shares of Model N stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $14.50, for a total value of $195,387.50. Following the completion of the transaction, the director now owns 40,134 shares in the company, valued at approximately $581,943. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Alan S. Henricks sold 4,730 shares of Model N stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $14.59, for a total value of $69,010.70. Following the completion of the transaction, the director now owns 40,134 shares of the company’s stock, valued at approximately $585,555.06. The disclosure for this sale can be found here. 18.90% of the stock is currently owned by insiders.

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About Model N

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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