Imperial Capital Comments on Town Sports International Holdings, Inc.’s Q4 2018 Earnings (CLUB)

Town Sports International Holdings, Inc. (NASDAQ:CLUB) – Equities research analysts at Imperial Capital dropped their Q4 2018 earnings per share estimates for Town Sports International in a research note issued on Tuesday, October 30th. Imperial Capital analyst G. Kelly now forecasts that the company will post earnings per share of $0.08 for the quarter, down from their previous forecast of $0.10. Imperial Capital currently has a “Outperform” rating and a $11.00 target price on the stock. Imperial Capital also issued estimates for Town Sports International’s Q2 2019 earnings at $0.06 EPS, Q3 2019 earnings at $0.03 EPS, FY2019 earnings at $0.23 EPS and FY2020 earnings at $0.28 EPS.

Town Sports International (NASDAQ:CLUB) last posted its earnings results on Thursday, October 25th. The company reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.13). Town Sports International had a net margin of 4.32% and a negative return on equity of 1.31%. The business had revenue of $110.17 million during the quarter, compared to analysts’ expectations of $110.98 million.



Other equities research analysts have also recently issued reports about the company. ValuEngine cut Town Sports International from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Zacks Investment Research cut Town Sports International from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. Finally, BidaskClub cut Town Sports International from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 31st. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. Town Sports International currently has a consensus rating of “Buy” and an average target price of $11.00.

Shares of NASDAQ CLUB opened at $7.68 on Thursday. Town Sports International has a twelve month low of $5.45 and a twelve month high of $14.85. The firm has a market capitalization of $209.30 million, a PE ratio of -45.18 and a beta of 2.31.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLUB. JPMorgan Chase & Co. boosted its position in shares of Town Sports International by 12,229.5% during the 1st quarter. JPMorgan Chase & Co. now owns 107,267 shares of the company’s stock worth $815,000 after acquiring an additional 106,397 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Town Sports International by 7.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 561,310 shares of the company’s stock worth $4,266,000 after acquiring an additional 37,561 shares in the last quarter. Millennium Management LLC boosted its position in shares of Town Sports International by 49.9% during the 1st quarter. Millennium Management LLC now owns 184,688 shares of the company’s stock worth $1,404,000 after acquiring an additional 61,476 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of Town Sports International during the 2nd quarter worth about $195,000. Finally, CAPROCK Group Inc. acquired a new position in shares of Town Sports International during the 2nd quarter worth about $205,000. 70.73% of the stock is owned by hedge funds and other institutional investors.

In related news, SVP Nitin Ajmera sold 15,728 shares of the business’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $9.36, for a total transaction of $147,214.08. Following the completion of the transaction, the senior vice president now directly owns 36,258 shares of the company’s stock, valued at approximately $339,374.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick Walsh bought 4,301 shares of the stock in a transaction that occurred on Friday, September 14th. The shares were bought at an average cost of $8.80 per share, with a total value of $37,848.80. Following the completion of the purchase, the chief executive officer now directly owns 1,507,749 shares in the company, valued at $13,268,191.20. The disclosure for this purchase can be found here. Insiders own 16.00% of the company’s stock.

Town Sports International Company Profile

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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Earnings History and Estimates for Town Sports International (NASDAQ:CLUB)

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