Zacks: Brokerages Expect MINDBODY Inc (MB) to Post -$0.07 EPS

Analysts expect MINDBODY Inc (NASDAQ:MB) to report earnings of ($0.07) per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for MINDBODY’s earnings, with the lowest EPS estimate coming in at ($0.08) and the highest estimate coming in at ($0.07). MINDBODY reported earnings per share of $0.01 in the same quarter last year, which would suggest a negative year over year growth rate of 800%. The company is scheduled to report its next quarterly earnings report on Thursday, October 25th.

On average, analysts expect that MINDBODY will report full-year earnings of ($0.14) per share for the current fiscal year, with EPS estimates ranging from ($0.17) to ($0.11). For the next financial year, analysts forecast that the firm will post earnings of $0.02 per share, with EPS estimates ranging from ($0.08) to $0.09. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for MINDBODY.

MINDBODY (NASDAQ:MB) last released its earnings results on Tuesday, July 31st. The technology company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.04). The firm had revenue of $61.61 million during the quarter, compared to analysts’ expectations of $60.48 million. MINDBODY had a negative net margin of 11.85% and a negative return on equity of 6.83%.

Several equities analysts have recently weighed in on MB shares. TheStreet upgraded MINDBODY from a “d+” rating to a “c” rating in a research report on Monday, June 18th. BidaskClub raised MINDBODY from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 8th. Zacks Investment Research cut MINDBODY from a “hold” rating to a “sell” rating in a report on Wednesday, April 25th. ValuEngine raised MINDBODY from a “buy” rating to a “strong-buy” rating in a report on Monday, May 7th. Finally, Credit Suisse Group cut their price target on MINDBODY from $41.00 to $38.00 and set a “neutral” rating for the company in a report on Wednesday, August 1st. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $37.77.

Shares of NASDAQ MB traded down $0.25 during midday trading on Friday, hitting $36.15. The stock had a trading volume of 567,274 shares, compared to its average volume of 787,774. MINDBODY has a 1 year low of $21.57 and a 1 year high of $45.50. The company has a debt-to-equity ratio of 0.86, a quick ratio of 8.10 and a current ratio of 9.61.

In other MINDBODY news, insider Kimberly Gail Lytikainen sold 1,004 shares of the firm’s stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $38.73, for a total transaction of $38,884.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard Lee Stollmeyer sold 17,739 shares of the firm’s stock in a transaction on Friday, June 1st. The stock was sold at an average price of $38.88, for a total value of $689,692.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 91,015 shares of company stock valued at $3,432,613. Insiders own 6.02% of the company’s stock.

A number of hedge funds have recently bought and sold shares of MB. Geode Capital Management LLC increased its stake in MINDBODY by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 312,489 shares of the technology company’s stock worth $9,515,000 after acquiring an additional 13,114 shares during the last quarter. Teachers Advisors LLC increased its stake in MINDBODY by 27.0% during the fourth quarter. Teachers Advisors LLC now owns 89,124 shares of the technology company’s stock worth $2,714,000 after acquiring an additional 18,973 shares during the last quarter. MetLife Investment Advisors LLC acquired a new stake in MINDBODY during the fourth quarter worth $609,000. Wells Fargo & Company MN increased its stake in MINDBODY by 15.3% during the first quarter. Wells Fargo & Company MN now owns 78,315 shares of the technology company’s stock worth $3,046,000 after acquiring an additional 10,396 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in MINDBODY during the first quarter worth $122,000. 91.33% of the stock is owned by institutional investors.

MINDBODY Company Profile

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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