Town Sports International (CLUB) Earning Somewhat Favorable Press Coverage, Study Shows

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Media headlines about Town Sports International (NASDAQ:CLUB) have trended somewhat positive on Friday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Town Sports International earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the company an impact score of 44.8518759892039 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

NASDAQ:CLUB opened at $8.30 on Friday. The company has a market cap of $217.64, a price-to-earnings ratio of -48.82 and a beta of 2.69. The company has a debt-to-equity ratio of -2.49, a current ratio of 1.09 and a quick ratio of 1.09. Town Sports International has a fifty-two week low of $3.15 and a fifty-two week high of $8.40.

Town Sports International (NASDAQ:CLUB) last released its earnings results on Wednesday, February 28th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.13. The firm had revenue of $105.33 million for the quarter, compared to analyst estimates of $99.64 million. sell-side analysts expect that Town Sports International will post -0.04 EPS for the current year.

Several research firms have recently issued reports on CLUB. ValuEngine raised Town Sports International from a “hold” rating to a “buy” rating in a research note on Tuesday. Imperial Capital reaffirmed an “outperform” rating and issued a $8.50 price objective (up previously from $7.50) on shares of Town Sports International in a research note on Friday, March 2nd. Finally, Zacks Investment Research downgraded Town Sports International from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th.

In other Town Sports International news, CFO Carolyn Spatafora sold 12,811 shares of the stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $7.39, for a total transaction of $94,673.29. Following the transaction, the chief financial officer now directly owns 202,353 shares in the company, valued at approximately $1,495,388.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 20,483 shares of company stock worth $147,494 over the last 90 days. Company insiders own 19.00% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Town Sports International (NASDAQ:CLUB)

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