MINDBODY Inc (MB) Expected to Announce Earnings of -$0.09 Per Share

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Brokerages expect MINDBODY Inc (NASDAQ:MB) to post ($0.09) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for MINDBODY’s earnings, with estimates ranging from ($0.10) to ($0.08). MINDBODY posted earnings per share of $0.03 during the same quarter last year, which indicates a negative year over year growth rate of 400%. The company is expected to report its next quarterly earnings results on Wednesday, February 20th.

On average, analysts expect that MINDBODY will report full year earnings of ($0.14) per share for the current year, with EPS estimates ranging from ($0.15) to ($0.13). For the next fiscal year, analysts anticipate that the company will report earnings of $0.00 per share, with EPS estimates ranging from ($0.10) to $0.04. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover MINDBODY.

MINDBODY (NASDAQ:MB) last issued its earnings results on Tuesday, November 6th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.02. The business had revenue of $63.80 million for the quarter, compared to analysts’ expectations of $63.99 million. MINDBODY had a negative return on equity of 9.15% and a negative net margin of 16.91%. The company’s quarterly revenue was up 36.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.01 EPS.

MB has been the subject of several recent analyst reports. Zacks Investment Research cut MINDBODY from a “hold” rating to a “sell” rating in a research report on Wednesday, December 5th. TheStreet raised MINDBODY from a “d+” rating to a “c-” rating in a research report on Thursday, January 24th. BidaskClub cut MINDBODY from a “hold” rating to a “sell” rating in a research report on Saturday. JMP Securities cut MINDBODY from an “outperform” rating to a “market perform” rating and set a $36.42 target price for the company. in a research report on Thursday, January 24th. Finally, Imperial Capital decreased their target price on MINDBODY from $42.00 to $36.00 and set an “outperform” rating for the company in a research report on Thursday, November 8th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $36.29.

Shares of NASDAQ MB opened at $36.42 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 9.45 and a current ratio of 9.45. The firm has a market capitalization of $1.75 billion, a P/E ratio of -121.40 and a beta of -0.35. MINDBODY has a 52-week low of $21.61 and a 52-week high of $45.50.

In related news, CEO Richard Lee Stollmeyer sold 17,739 shares of MINDBODY stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $27.85, for a total transaction of $494,031.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brett T. White sold 10,000 shares of MINDBODY stock in a transaction on Friday, February 1st. The shares were sold at an average price of $36.41, for a total value of $364,100.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,427 shares of company stock valued at $1,936,999. Insiders own 6.02% of the company’s stock.

Several large investors have recently made changes to their positions in MB. Bank of Montreal Can lifted its position in shares of MINDBODY by 147.9% in the fourth quarter. Bank of Montreal Can now owns 1,014 shares of the technology company’s stock worth $37,000 after buying an additional 605 shares during the last quarter. D.A. Davidson & CO. acquired a new stake in shares of MINDBODY in the third quarter worth about $201,000. Whetstone Capital Advisors LLC acquired a new stake in shares of MINDBODY in the third quarter worth about $232,000. Public Employees Retirement Association of Colorado acquired a new stake in shares of MINDBODY in the third quarter worth about $259,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of MINDBODY in the third quarter worth about $302,000.

About MINDBODY

MINDBODY, Inc operates a cloud-based business management software and payments platform for the small and medium-sized businesses in the wellness services industry. Its platform enables businesses to run, market, and build scheduling and online booking, performance tracking, staff management, client relationship management, integrated payment processing, retail point-of-sale, purchase tracking, inventory, hardware integration, analytics and reporting, branded Web, mobility, social integration, client acquisition dashboard, security and compliance, and integration with other cloud-based partners for yoga, Pilates, indoor cycling, group and personal training, boutique fitness, salons, spas, and integrative health businesses.

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