Brokerages expect Anaplan Inc (NYSE:PLAN) to report ($0.19) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Anaplan’s earnings, with the highest EPS estimate coming in at ($0.18) and the lowest estimate coming in at ($0.20). The business is scheduled to report its next quarterly earnings report on Tuesday, August 27th.
According to Zacks, analysts expect that Anaplan will report full-year earnings of ($0.68) per share for the current fiscal year, with EPS estimates ranging from ($0.71) to ($0.63). For the next fiscal year, analysts forecast that the business will report earnings of ($0.50) per share, with EPS estimates ranging from ($0.53) to ($0.46). Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Anaplan.
Anaplan (NYSE:PLAN) last posted its earnings results on Tuesday, May 28th. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.18. The business had revenue of $75.80 million during the quarter, compared to analyst estimates of $70.66 million. The business’s quarterly revenue was up 46.9% on a year-over-year basis.PLAN has been the topic of several analyst reports. Barclays cut Anaplan from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $30.00 to $32.00 in a research report on Friday, February 8th. Needham & Company LLC restated a “buy” rating and issued a $38.00 target price on shares of Anaplan in a research report on Friday, February 22nd. SunTrust Banks raised their target price on Anaplan to $42.00 and gave the company a “buy” rating in a research report on Tuesday, February 26th. Canaccord Genuity restated a “buy” rating and issued a $40.00 target price on shares of Anaplan in a research report on Tuesday, February 26th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Anaplan in a research note on Tuesday, February 26th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Anaplan presently has a consensus rating of “Buy” and a consensus target price of $40.08.
PLAN traded down $2.28 during trading hours on Wednesday, hitting $41.59. The company’s stock had a trading volume of 219,513 shares, compared to its average volume of 1,397,324. Anaplan has a fifty-two week low of $20.37 and a fifty-two week high of $41.76. The stock has a market cap of $4.69 billion and a P/E ratio of -24.17.
In other news, insider Frank Calderoni sold 48,366 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $37.79, for a total transaction of $1,827,751.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO David Ying Xian Chung sold 1,720 shares of the firm’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $35.45, for a total value of $60,974.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 199,274 shares of company stock valued at $7,078,976.
Several institutional investors and hedge funds have recently added to or reduced their stakes in PLAN. Coatue Management LLC bought a new stake in shares of Anaplan during the 4th quarter worth $240,575,000. Meritech Capital Associates IV L.L.C. bought a new stake in shares of Anaplan during the 4th quarter worth $210,369,000. Salesforce Com Inc. bought a new stake in shares of Anaplan during the 4th quarter worth $79,105,000. Baillie Gifford & Co. bought a new stake in shares of Anaplan during the 4th quarter worth $49,673,000. Finally, HMI Capital LLC bought a new stake in shares of Anaplan during the 4th quarter worth $35,261,000. 35.80% of the stock is owned by institutional investors and hedge funds.
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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