Anaplan Inc Forecasted to Post Q3 2019 Earnings of ($0.20) Per Share (PLAN)

Anaplan Inc (NYSE:PLAN) – Research analysts at KeyCorp issued their Q3 2019 earnings per share estimates for Anaplan in a report issued on Tuesday, November 6th. KeyCorp analyst B. Bracelin anticipates that the company will post earnings per share of ($0.20) for the quarter. KeyCorp has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Anaplan’s Q4 2019 earnings at ($0.18) EPS, FY2019 earnings at ($0.79) EPS, Q1 2020 earnings at ($0.20) EPS, Q2 2020 earnings at ($0.17) EPS, Q3 2020 earnings at ($0.15) EPS, Q4 2020 earnings at ($0.15) EPS, FY2020 earnings at ($0.67) EPS and FY2021 earnings at ($0.46) EPS.

Other equities research analysts also recently issued reports about the company. Goldman Sachs Group assumed coverage on Anaplan in a report on Tuesday. They issued a “neutral” rating and a $25.00 price objective for the company. Evercore ISI assumed coverage on Anaplan in a report on Tuesday. They issued an “inline” rating and a $26.00 price objective for the company. SunTrust Banks assumed coverage on Anaplan in a report on Tuesday. They issued a “buy” rating and a $28.00 price objective for the company. Morgan Stanley assumed coverage on Anaplan in a report on Tuesday. They issued an “equal weight” rating and a $23.00 price objective for the company. Finally, JMP Securities assumed coverage on Anaplan in a report on Tuesday. They issued an “outperform” rating and a $29.00 price objective for the company. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $27.33.

Shares of PLAN opened at $26.61 on Thursday. Anaplan has a 52-week low of $20.37 and a 52-week high of $27.30.

In related news, Director Sandesh Kaveripatnam purchased 1,104,999 shares of the business’s stock in a transaction dated Tuesday, October 16th. The stock was acquired at an average price of $17.00 per share, for a total transaction of $18,784,983.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David Ying Xian Chung purchased 3,600 shares of the business’s stock in a transaction dated Tuesday, October 16th. The shares were bought at an average price of $17.00 per share, with a total value of $61,200.00. The disclosure for this purchase can be found here. Insiders bought 1,118,599 shares of company stock valued at $19,088,283 over the last three months.

About Anaplan

Anaplan, Inc provides a cloud-based connected planning platform Its platform unites traditionally distinct or disconnected database structures, including relational, columnar, and online analytical processing with in-memory data storage and calculation that is used in various lines of business, such as finance, sales, supply chain, marketing, human resources, and operations.

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Earnings History and Estimates for Anaplan (NYSE:PLAN)

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