Town Sports International (NASDAQ:CLUB) Releases Earnings Results

Town Sports International (NASDAQ:CLUB) released its quarterly earnings data on Friday. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.02), MarketWatch Earnings reports. The business had revenue of $115.96 million for the quarter, compared to analysts’ expectations of $115.04 million.

CLUB stock opened at $1.20 on Monday. The firm’s 50-day moving average price is $1.50 and its two-hundred day moving average price is $1.78. Town Sports International has a 12-month low of $0.50 and a 12-month high of $5.39. The stock has a market capitalization of $33.60 million, a price-to-earnings ratio of -1.74 and a beta of 1.59.

A number of research firms have issued reports on CLUB. ValuEngine upgraded shares of Town Sports International from a “hold” rating to a “buy” rating in a research report on Friday, January 3rd. Zacks Investment Research upgraded shares of Town Sports International from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 8th.

In related news, CEO Patrick Walsh purchased 4,300,000 shares of Town Sports International stock in a transaction that occurred on Friday, January 3rd. The shares were bought at an average price of $1.50 per share, for a total transaction of $6,450,000.00. Following the completion of the transaction, the chief executive officer now directly owns 8,702,499 shares of the company’s stock, valued at $13,053,748.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 13.30% of the stock is currently owned by insiders.

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 for Town Sports International (NASDAQ:CLUB)

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