Town Sports International (NASDAQ:CLUB) issued its quarterly earnings data on Thursday. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.13), Fidelity Earnings reports. Town Sports International had a negative return on equity of 1.31% and a net margin of 4.32%. The company had revenue of $110.17 million for the quarter, compared to the consensus estimate of $110.98 million.
Shares of NASDAQ:CLUB opened at $7.78 on Friday. Town Sports International has a 12 month low of $5.00 and a 12 month high of $14.85. The stock has a market cap of $250.15 million, a price-to-earnings ratio of 460.00 and a beta of 2.31.
In other Town Sports International news, CEO Patrick Walsh bought 4,301 shares of the business’s stock in a transaction on Friday, September 14th. The shares were bought at an average cost of $8.80 per share, for a total transaction of $37,848.80. Following the transaction, the chief executive officer now owns 1,507,749 shares in the company, valued at approximately $13,268,191.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Carolyn Spatafora sold 35,584 shares of the company’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $10.14, for a total transaction of $360,821.76. Following the transaction, the chief financial officer now owns 165,537 shares in the company, valued at $1,678,545.18. The disclosure for this sale can be found here. 16.00% of the stock is owned by corporate insiders.
A number of equities research analysts have commented on CLUB shares. Zacks Investment Research lowered shares of Town Sports International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 3rd. ValuEngine lowered shares of Town Sports International from a “strong-buy” rating to a “buy” rating in a report on Friday, August 3rd. Finally, BidaskClub lowered shares of Town Sports International from a “strong-buy” rating to a “buy” rating in a report on Friday, August 31st. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $12.00.
About Town Sports International
Town Sports International Holdings, Inc, together with its subsidiaries, owns and operates fitness clubs in the Northeast and Mid-Atlantic regions of the United States. The company's clubs offer special purpose rooms for group fitness classes; and other exercise programs, as well as accommodate cardiovascular and strength-training equipment.
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