Model N (MODN) Releases FY19 Earnings Guidance

Model N (NYSE:MODN) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.05-0.17 for the period, compared to the Thomson Reuters consensus estimate of $0.21. The company issued revenue guidance of $138-142 million, compared to the consensus revenue estimate of $156.02 million.Model N also updated its FY 2019 guidance to $0.05-0.17 EPS.

Shares of Model N stock traded down $0.19 during trading on Tuesday, reaching $14.95. 231,846 shares of the stock were exchanged, compared to its average volume of 228,468. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.37. The firm has a market cap of $472.51 million, a P/E ratio of -18.01 and a beta of 0.77. Model N has a 1 year low of $13.36 and a 1 year high of $20.33.

Model N (NYSE:MODN) last posted its earnings results on Tuesday, August 7th. The software maker reported ($0.07) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.03. The company had revenue of $39.62 million during the quarter, compared to analyst estimates of $39.28 million. Model N had a negative net margin of 21.89% and a negative return on equity of 61.62%. Research analysts forecast that Model N will post -0.78 earnings per share for the current fiscal year.

MODN has been the subject of a number of analyst reports. JMP Securities reiterated a buy rating and set a $25.00 target price on shares of Model N in a report on Sunday, September 2nd. ValuEngine upgraded shares of Model N from a hold rating to a buy rating in a report on Thursday, October 11th. Needham & Company LLC initiated coverage on shares of Model N in a report on Wednesday, July 18th. They set a buy rating and a $23.00 target price for the company. Zacks Investment Research lowered shares of Model N from a buy rating to a hold rating in a report on Tuesday, October 9th. Finally, JPMorgan Chase & Co. increased their target price on shares of Model N to $23.00 and gave the stock a neutral rating in a report on Tuesday, August 7th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $22.67.

An institutional investor recently raised its position in Model N stock. Bank of New York Mellon Corp boosted its stake in Model N Inc (NYSE:MODN) by 3.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 157,145 shares of the software maker’s stock after buying an additional 5,799 shares during the period. Bank of New York Mellon Corp owned 0.50% of Model N worth $2,923,000 at the end of the most recent reporting period. 71.47% of the stock is currently owned by institutional investors and hedge funds.

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Model N Company Profile

Model N, Inc provides revenue management cloud solutions for the life sciences, technology, and manufacturing companies. The company's cloud-based revenue management solutions include Revenue Cloud for Pharma, Revenue Cloud for Med Tech, Revenue Cloud for High Tech, and Revenue Cloud. It develops software applications, such as managed care and government pricing for life science companies; and channel incentives for technology companies.

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