Brokerages Anticipate MINDBODY, Inc. (MB) to Post $0.01 Earnings Per Share
Wall Street brokerages expect that MINDBODY, Inc. (NASDAQ:MB) will report earnings per share of $0.01 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for MINDBODY’s earnings. The highest EPS estimate is $0.02 and the lowest is $0.00. MINDBODY posted earnings per share of ($0.04) in the same quarter last year, which would indicate a positive year-over-year growth rate of 125%. The company is scheduled to report its next earnings report on Wednesday, February 14th.
On average, analysts expect that MINDBODY will report full year earnings of ($0.01) per share for the current year, with EPS estimates ranging from ($0.02) to $0.00. For the next financial year, analysts anticipate that the business will report earnings of $0.20 per share, with EPS estimates ranging from $0.06 to $0.36. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover MINDBODY.
MINDBODY (NASDAQ:MB) last posted its quarterly earnings data on Thursday, October 26th. The technology company reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.05. MINDBODY had a negative net margin of 9.26% and a negative return on equity of 8.39%. The business had revenue of $46.60 million for the quarter, compared to analysts’ expectations of $45.59 million. During the same quarter in the previous year, the business posted ($0.09) earnings per share. The business’s revenue was up 32.0% compared to the same quarter last year.
A number of research analysts have weighed in on MB shares. KeyCorp upgraded shares of MINDBODY from a “sector weight” rating to an “overweight” rating and boosted their price objective for the company from $16.95 to $32.00 in a research report on Friday, September 22nd. Jefferies Group LLC initiated coverage on shares of MINDBODY in a report on Thursday, August 24th. They issued a “hold” rating and a $26.00 price target on the stock. Zacks Investment Research cut shares of MINDBODY from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Craig Hallum restated a “buy” rating and issued a $30.00 price target on shares of MINDBODY in a report on Monday, September 25th. Finally, BidaskClub cut shares of MINDBODY from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. MINDBODY currently has an average rating of “Buy” and an average target price of $30.95.
In other MINDBODY news, CFO Brett T. White sold 10,000 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard Lee Stollmeyer sold 17,739 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $23.71, for a total transaction of $420,591.69. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 955,594 shares of company stock valued at $25,273,140 and have sold 168,717 shares valued at $4,684,727. Corporate insiders own 8.22% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in MB. FMR LLC raised its position in shares of MINDBODY by 481.5% in the 2nd quarter. FMR LLC now owns 3,150,890 shares of the technology company’s stock valued at $85,705,000 after purchasing an additional 2,609,059 shares during the last quarter. Capital World Investors raised its position in shares of MINDBODY by 14.7% in the 2nd quarter. Capital World Investors now owns 2,593,000 shares of the technology company’s stock valued at $70,530,000 after purchasing an additional 333,000 shares during the last quarter. Vanguard Group Inc. raised its position in shares of MINDBODY by 67.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,511,343 shares of the technology company’s stock valued at $41,109,000 after purchasing an additional 607,182 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of MINDBODY by 4.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,441,696 shares of the technology company’s stock valued at $37,268,000 after purchasing an additional 61,950 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of MINDBODY by 44.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,110,900 shares of the technology company’s stock valued at $30,216,000 after purchasing an additional 340,300 shares during the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.
MINDBODY (MB) opened at $32.30 on Friday.
MINDBODY Company Profile
MINDBODY, Inc is a provider of cloud-based business management software for the wellness services industry and operates as a consumer marketplace with local business subscribers on its platform. The Company’s subscribers provide a range of wellness services to active consumers. Its integrated software and payments platform helps business owners in the wellness services industry run, market and build their businesses.
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