Anaplan Inc (NYSE:PLAN) Expected to Post Earnings of -$0.16 Per Share

Wall Street brokerages predict that Anaplan Inc (NYSE:PLAN) will report earnings of ($0.16) per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Anaplan’s earnings, with estimates ranging from ($0.17) to ($0.16). The company is expected to report its next quarterly earnings results on Tuesday, August 27th.

According to Zacks, analysts expect that Anaplan will report full year earnings of ($0.60) per share for the current fiscal year, with EPS estimates ranging from ($0.60) to ($0.59). For the next financial year, analysts forecast that the firm will report earnings of ($0.45) per share, with EPS estimates ranging from ($0.52) to ($0.38). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Anaplan.

Anaplan (NYSE:PLAN) last posted its earnings results on Tuesday, May 28th. The company reported ($0.16) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.34) by $0.18. The firm had revenue of $75.80 million for the quarter, compared to analysts’ expectations of $70.66 million. The company’s quarterly revenue was up 46.9% compared to the same quarter last year.

A number of equities analysts recently issued reports on PLAN shares. KeyCorp reissued a “hold” rating on shares of Anaplan in a research note on Tuesday, May 28th. Needham & Company LLC increased their price target on shares of Cara Therapeutics from $28.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Barclays increased their price target on shares of Anaplan from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 29th. They noted that the move was a valuation call. FBN Securities started coverage on shares of Anaplan in a research note on Thursday, April 11th. They issued an “outperform” rating and a $45.00 price target for the company. Finally, SunTrust Banks increased their price target on shares of Anaplan to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Anaplan presently has an average rating of “Buy” and an average price target of $43.77.

PLAN stock traded down $0.38 during trading on Friday, reaching $56.72. The company had a trading volume of 13,260 shares, compared to its average volume of 2,591,103. Anaplan has a 52 week low of $20.37 and a 52 week high of $57.31. The stock has a market cap of $7.39 billion and a P/E ratio of -32.98. The business’s 50 day moving average price is $47.88. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.94 and a current ratio of 1.94.

In related news, CAO David Ying Xian Chung sold 1,720 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $35.45, for a total value of $60,974.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Frank Calderoni sold 149,188 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $34.79, for a total transaction of $5,190,250.52. The disclosure for this sale can be found here. Insiders sold 1,487,851 shares of company stock worth $71,001,790 in the last 90 days. 37.20% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers lifted its position in shares of Anaplan by 1.3% in the 1st quarter. Rhumbline Advisers now owns 24,549 shares of the company’s stock worth $966,000 after purchasing an additional 324 shares during the period. First Trust Advisors LP lifted its position in shares of Anaplan by 0.4% in the 1st quarter. First Trust Advisors LP now owns 104,734 shares of the company’s stock worth $4,122,000 after purchasing an additional 387 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Anaplan in the 1st quarter worth approximately $39,000. Neuburgh Advisers LLC purchased a new stake in shares of Anaplan in the 4th quarter worth approximately $27,000. Finally, Advisor Group Inc. purchased a new stake in shares of Anaplan in the 4th quarter worth approximately $41,000. Institutional investors own 35.05% of the company’s stock.

Anaplan Company Profile

Anaplan, Inc engages in the provision of cloud-based connected planning platform that helps connect organizations and people to make better and faster decisions. It also offers professional services, including consulting, implementation, and training. The company was founded by Michael Gould, John David Guy Haddleton, and Sue Haddleton in 2006 and is headquartered in San Francisco, CA.

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Earnings History and Estimates for Anaplan (NYSE:PLAN)

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