Zacks: Analysts Expect Model N, Inc. (MODN) Will Announce Quarterly Sales of $37.31 Million

Brokerages expect that Model N, Inc. (NYSE:MODN) will announce sales of $37.31 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Model N’s earnings. The lowest sales estimate is $37.00 million and the highest is $37.80 million. Model N posted sales of $28.06 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 33%. The company is expected to announce its next quarterly earnings report on Monday, February 5th.

According to Zacks, analysts expect that Model N will report full-year sales of $37.31 million for the current financial year, with estimates ranging from $148.79 million to $173.90 million. For the next year, analysts expect that the firm will report sales of $167.17 million per share, with estimates ranging from $164.92 million to $170.70 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Model N.

Model N (NYSE:MODN) last released its earnings results on Tuesday, November 7th. The software maker reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. The business had revenue of $35.61 million during the quarter, compared to analysts’ expectations of $34.86 million. Model N had a negative net margin of 30.15% and a negative return on equity of 55.26%. The company’s quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.28) earnings per share.

A number of analysts have recently commented on the stock. ValuEngine raised shares of Model N from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research cut shares of Model N from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. J P Morgan Chase & Co cut shares of Model N from an “overweight” rating to a “neutral” rating and set a $18.00 target price for the company. in a research note on Tuesday. BidaskClub cut shares of Model N from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 10th. Finally, Raymond James Financial reissued a “hold” rating on shares of Model N in a research note on Monday, December 4th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $16.75.

Model N (NYSE:MODN) traded up $0.45 during mid-day trading on Friday, hitting $15.80. 207,694 shares of the stock were exchanged, compared to its average volume of 376,509. 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 twelve month low of $8.30 and a twelve month high of $16.75.

In related news, Director Alan S. Henricks sold 4,730 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $14.59, for a total transaction of $69,010.70. Following the completion of the sale, the director now owns 40,134 shares of the company’s stock, valued at approximately $585,555.06. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO David Barter sold 3,596 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $14.65, for a total transaction of $52,681.40. Following 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,801 shares of company stock valued at $317,080. 20.40% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Model N by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 963,235 shares of the software maker’s stock valued at $12,811,000 after acquiring an additional 28,369 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Model N during the 2nd quarter valued at about $670,000. Redmile Group LLC grew its stake in Model N by 4.4% during the 2nd quarter. Redmile Group LLC now owns 858,314 shares of the software maker’s stock valued at $11,416,000 after acquiring an additional 36,000 shares in the last quarter. TIAA CREF Investment Management LLC boosted its holdings in Model N by 28.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 73,474 shares of the software maker’s stock valued at $977,000 after purchasing an additional 16,334 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Model N by 4.2% in the 1st quarter. Geode Capital Management LLC now owns 189,226 shares of the software maker’s stock valued at $1,977,000 after purchasing an additional 7,707 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

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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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