Anaplan Inc (NYSE:PLAN) Expected to Announce Earnings of -$0.27 Per Share

Wall Street brokerages forecast that Anaplan Inc (NYSE:PLAN) will post ($0.27) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Anaplan’s earnings. Anaplan reported earnings per share of ($0.82) in the same quarter last year, which indicates a positive year-over-year growth rate of 67.1%. The business is scheduled to announce its next quarterly earnings report on Wednesday, November 27th.

On average, analysts expect that Anaplan will report full year earnings of ($1.11) per share for the current year, with EPS estimates ranging from ($1.12) to ($1.10). For the next financial year, analysts anticipate that the business will post earnings of ($1.17) per share, with EPS estimates ranging from ($1.18) to ($1.16). Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Anaplan.

Anaplan (NYSE:PLAN) last issued its quarterly earnings results on Tuesday, August 27th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.01). The business had revenue of $84.50 million for the quarter, compared to analyst estimates of $78.25 million. Anaplan had a negative return on equity of 46.52% and a negative net margin of 50.87%. The company’s revenue was up 46.2% compared to the same quarter last year.

A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Anaplan from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. JMP Securities lifted their price target on shares of Anaplan from $40.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, May 28th. Barclays lifted their price target on shares of Anaplan from $43.00 to $54.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Morgan Stanley lifted their price target on shares of Anaplan from $49.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Finally, Deutsche Bank assumed coverage on shares of Anaplan in a report on Wednesday, July 24th. They set a “buy” rating and a $70.00 price target on the stock. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $55.94.

Shares of NYSE:PLAN traded down $1.64 during mid-day trading on Friday, reaching $46.27. 2,826,800 shares of the company’s stock were exchanged, compared to its average volume of 1,663,685. The firm has a market capitalization of $6.11 billion and a price-to-earnings ratio of -26.90. The business’s fifty day moving average price is $55.43 and its 200-day moving average price is $46.09. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.94 and a current ratio of 1.87. Anaplan has a twelve month low of $20.37 and a twelve month high of $60.36.

In related news, Director Sandesh Kaveripatnam sold 495,000 shares of Anaplan stock in a transaction on Friday, June 28th. The shares were sold at an average price of $49.52, for a total transaction of $24,512,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Frank Calderoni sold 49,550 shares of Anaplan stock in a transaction on Friday, June 21st. The stock was sold at an average price of $50.93, for a total transaction of $2,523,581.50. The disclosure for this sale can be found here. Insiders have sold 1,195,184 shares of company stock valued at $61,383,693 in the last three months. 37.20% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada increased its stake in Anaplan by 18.9% in the second quarter. Royal Bank of Canada now owns 1,768 shares of the company’s stock valued at $89,000 after purchasing an additional 281 shares in the last quarter. Rhumbline Advisers increased its position in shares of Anaplan by 1.3% during the first quarter. Rhumbline Advisers now owns 24,549 shares of the company’s stock worth $966,000 after acquiring an additional 324 shares in the last quarter. First Trust Advisors LP increased its position in shares of Anaplan by 0.4% during the first quarter. First Trust Advisors LP now owns 104,734 shares of the company’s stock worth $4,122,000 after acquiring an additional 387 shares in the last quarter. Parallel Advisors LLC bought a new stake in shares of Anaplan during the second quarter worth about $35,000. Finally, Quantamental Technologies LLC bought a new stake in shares of Anaplan during the second quarter worth about $43,000. 63.95% of the stock is owned by hedge funds and other institutional investors.

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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