N-able (NABL) to Release Earnings on Thursday

N-able (NYSE:NABL) will issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. N-able has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

N-able (NYSE:NABL) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. The company had revenue of $119.40 million during the quarter, compared to analysts’ expectations of $116.83 million. N-able had a return on equity of 5.67% and a net margin of 7.19%. The business’s revenue was up 12.5% on a year-over-year basis. During the same period last year, the firm posted $0.03 earnings per share. On average, analysts expect N-able to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

N-able Stock Up 0.8 %

NABL stock opened at $12.47 on Wednesday. N-able has a 1-year low of $11.50 and a 1-year high of $15.48. The business’s 50 day simple moving average is $12.62 and its 200 day simple moving average is $13.21. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $2.31 billion, a PE ratio of 73.35 and a beta of 0.47.

Insider Activity at N-able

In other news, EVP Peter C. Anastos sold 16,000 shares of N-able stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $13.04, for a total value of $208,640.00. Following the completion of the sale, the executive vice president now directly owns 322,774 shares in the company, valued at approximately $4,208,972.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Peter C. Anastos sold 16,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $13.04, for a total value of $208,640.00. Following the completion of the transaction, the executive vice president now owns 322,774 shares of the company’s stock, valued at $4,208,972.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John Pagliuca sold 150,956 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $12.77, for a total transaction of $1,927,708.12. Following the sale, the chief executive officer now directly owns 1,465,346 shares of the company’s stock, valued at $18,712,468.42. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 199,351 shares of company stock worth $2,551,240. Corporate insiders own 1.43% of the company’s stock.

Analyst Ratings Changes

Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $16.50 target price on shares of N-able in a report on Friday, August 9th.

N-able Company Profile

N-able, Inc provides cloud-based software solutions for managed service providers in the United States, the United Kingdom, and internationally. The company's solutions enable MSPs to support digital transformation and growth within small and medium-sized enterprises. It provides software platform designed to be an integrated, enterprise-grade solution that serves as an operating system for its MSP partners and scales as their businesses grow.