Town Sports International Holdings (CLUB) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $-0.28 earnings per share for the quarter, missing the analyst consensus estimate by $-0.06. Analysts had a consensus of $-0.22. The company posted revenue of $101.30 million in the period, compared to analysts expectations of $98.06 million. During the same quarter in the previous year, the company posted $-0.52 EPS.
Many Wall Street Analysts have commented on Town Sports International Holdings. Imperial Capital Initiated Town Sports International Holdings on Mar 23, 2016 to “Outperform”, Price Target of the shares are set at $3.
Town Sports International Holdings opened for trading at $3.34 and hit $3.52 on the upside on Monday, eventually ending the session at $3.45, with a gain of 3.60% or 0.12 points. The heightened volatility saw the trading volume jump to 30,381 shares. Company has a market cap of $86 M.
In a different news, on Mar 15, 2016, Robert J Giardina (director) sold 4,406 shares at $1.80 per share price. According to the SEC, on Mar 15, 2016, Nitin Ajmera (SVP – Controller) sold 604 shares at $1.95 per share price. On Mar 3, 2016, Carolyn Spatafora (Chief Financial Officer) sold 3,756 shares at $1.14 per share price, according to the Form-4 filing with the securities and exchange commission.
Town Sports International Holdings Inc. (Town Sports) is an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States. The Company through its subsidiaries operates approximately 158 fitness clubs under its four regional brand names: New York Sports Clubs (NYSC) Boston Sports Clubs (BSC) Philadelphia Sports Clubs (PSC) and Washington Sports Clubs (WSC). It operates in two segments which include Clubs and BFX Studio. The Clubs segment comprises clubs under the NYSC BSC PSC and WSC brand names and the clubs it owns in Switzerland. BFX Studio is the Company’s private studio brand. It offers three types of memberships in its clubs which include Passport which offers access to all clubs at all times: Core which offers access to a single home club at all times and Restricted memberships which is a restricted month-to-month membership offering access to a single home club.