Model N (NYSE:MODN) Releases FY 2021 Earnings Guidance

Model N (NYSE:MODN) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.210-0.240 for the period, compared to the Thomson Reuters consensus estimate of $0.140. The company issued revenue guidance of $189 million-190 million, compared to the consensus revenue estimate of $185.60 million.Model N also updated its Q3 2021 guidance to $0.010-0.020 EPS.

Separately, Colliers Securities restated a buy rating on shares of Model N in a research note on Tuesday, May 11th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $49.60.

NYSE:MODN traded down $0.19 on Friday, reaching $34.37. 1,308 shares of the company’s stock traded hands, compared to its average volume of 300,766. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.43 and a current ratio of 2.43. The stock’s 50-day moving average is $37.10. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -54.86 and a beta of 0.97. Model N has a 12 month low of $28.76 and a 12 month high of $48.20.

Model N (NYSE:MODN) last issued its quarterly earnings data on Monday, May 10th. The software maker reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.09. Model N had a negative return on equity of 4.79% and a negative net margin of 12.60%. The company had revenue of $48.19 million for the quarter, compared to analysts’ expectations of $46.43 million. During the same period in the previous year, the firm posted $0.07 earnings per share. The firm’s revenue for the quarter was up 20.6% on a year-over-year basis. As a group, sell-side analysts expect that Model N will post -0.54 EPS for the current year.

In other news, SVP Christopher Lyon sold 4,771 shares of the company’s stock in a transaction on Wednesday, May 19th. The stock was sold at an average price of $33.93, for a total transaction of $161,880.03. Following the transaction, the senior vice president now directly owns 100,988 shares of the company’s stock, valued at $3,426,522.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CMO Dave Michaud sold 1,151 shares of the company’s stock in a transaction on Monday, May 17th. The stock was sold at an average price of $35.12, for a total value of $40,423.12. Following the transaction, the chief marketing officer now directly owns 53,023 shares in the company, valued at $1,862,167.76. The disclosure for this sale can be found here. Insiders have sold 26,756 shares of company stock valued at $952,690 in the last 90 days. Company insiders own 1.80% of the company’s stock.

Model N Company Profile

Model N, Inc provides revenue management cloud solutions for the life sciences and high tech industries. The company offers Global Pricing Management, which minimizes price erosion of products; Global Tender Management that enhances revenue by enabling segmentation and targeting, optimal bid pricing, and post-award tracking; Provider Management, which minimizes rebate overpayments; Payer Management that minimizes revenue leakage and noncompliance of complex contracts; Government Pricing, which optimizes revenue, and reduces the risk of fines and other penalties; and Medicaid that enhances compliance with regulatory requirements and payments of rebate claims timely, as well as at correct rates for government medicaid programs.

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Earnings History and Estimates for Model N (NYSE:MODN)

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