Model N (NYSE:MODN) announced its earnings results on Tuesday, February 6th. The software maker reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09, Bloomberg Earnings reports. The firm had revenue of $39.10 million for the quarter, compared to analyst estimates of $37.14 million. Model N had a negative return on equity of 55.03% and a negative net margin of 26.17%. The business’s revenue was up 39.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.15) EPS. Model N updated its Q2 guidance to ($0.05)-($0.03) EPS and its FY18 guidance to ($0.10)-($0.03) EPS.
Model N (NYSE MODN) traded up $0.05 during mid-day trading on Thursday, reaching $17.45. The company had a trading volume of 84,668 shares, compared to its average volume of 226,238. Model N has a 12-month low of $9.75 and a 12-month high of $17.65. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.15 and a quick ratio of 1.15.
A number of brokerages have weighed in on MODN. JPMorgan Chase & Co. lowered Model N from an “overweight” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a report on Tuesday, December 12th. Raymond James Financial reissued a “hold” rating on shares of Model N in a research report on Monday, December 4th. Dougherty & Co raised their price objective on Model N from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Zacks Investment Research raised Model N from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Friday, January 5th. Finally, ValuEngine raised Model N from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Model N currently has a consensus rating of “Hold” and an average price target of $18.00.
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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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