Town Sports International Holdings (CLUB) Announces Quarterly Results
Town Sports International Holdings (NASDAQ:CLUB) posted its quarterly earnings results on Wednesday. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.01, Stock Ratings Network.com reports. The company had revenue of $117.04 million for the quarter, compared to the consensus estimate of $118.98 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was down 2.1% on a year-over-year basis. Town Sports International Holdings updated its Q4 guidance to $0.08-0.10 EPS.
In other Town Sports International Holdings news, CEO Robert J. Giardina sold 14,071 shares of the stock on the open market in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $13.00, for a total value of $182,923.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
On a related note, analysts at Wedbush upgraded shares of Town Sports International Holdings from a “neutral” rating to an “outperform” rating in a research note to investors on Monday. They now have a $16.00 price target on the stock, up previously from $12.00.
Town Sports International Holdings (NASDAQ:CLUB) traded up 1.49% on Wednesday, hitting $13.60. 290,300 shares of the company’s stock traded hands. Town Sports International Holdings has a 1-year low of $8.91 and a 1-year high of $13.55. The stock’s 50-day moving average is $12.03 and its 200-day moving average is $10.79. The company has a market cap of $327.8 million and a P/E ratio of 24.68.
Town Sports International Holdings, Inc (NASDAQ:CLUB) is an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States.
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