Key Developments For Town Sports International Holdings, Inc.
Town Sports International Holdings, Inc. (CLUB.O) (Consolidated Issue listed on NASDAQ Global Market)
Town Sports International Holdings, Inc. Issues Q4 2009 Guidance Below Analysts' Estimates
Town Sports International Holdings, Inc. announced that for fourth quarter of 2009, it expects revenue to be in the range of $112.5-$114.5 million, net loss to be in the range of $1.8-$2.3 million and loss per share to be in the range of $0.08-$0.10 per share (EPS), assuming a 50% effective tax rate and 22.6 million weighted average fully diluted shares outstanding. According to Reuters Estimates, analysts were expecting the Company to report revenue of $116 million, net profit of $(1.30) million and EPS of $(0.05) for the same period.
Town Sports International Holdings, Inc. Issues Q3 2009 Guidance Below Analysts' Estimates
Town Sports International Holdings, Inc. announced that for third quarter of 2009, it expects revenue to be between $117.0-$119.0 million and net loss of between $1.5-$2.5 million and loss per share to be in the range of $0.07-$0.11 per share, assuming a 34.1% effective tax rate. According to Reuters Estimates, analysts were expecting the Company to report revenues of $124.3 million, net income of $1.28 million and EPS of $0.05 for the same period.
Town Sports International Holdings, Inc. Issues Q2 2009 Guidance Below Analysts' Estimates
Town Sports International Holdings, Inc. announced that for second quarter 2009 it expects revenue to be between $123.0 million and $125.0 million and including severance and early lease termination costs, it expect net income to be between $1.25 million to $1.75 million, and earnings per share to be in the range of $0.06 per share to $0.08 per share. The Company expects to record between $400,000 and $500,000 of early lease termination costs, and $250,000 of severance and related costs related to the separation agreement with the Company's Chief Information Officer in April 2009. According to Reuters Estimates, analysts are expecting the Company to report revenue of $126.9 million and EPS of $0.16 for second quarter 2009.
Town Sports International Holdings, Inc. Issue Q1 2009 Guidance; Earnings Guidance Below Analysts' Estimates
Town Sports International Holdings, Inc. announced that for first quarter of 2009, it expects revenue to be in the range of $123.0-$125.0 million, net income to be in the range of $0.5-$1.0 million and earnings per share (EPS) to be in the range of $0.02-$0.04. According to Reuters Estimates, analysts were expecting the Company to report revenue of $123 million, net profit of $2.15 million and EPS of $0.07 for the same period.
Town Sports International Holdings, Inc. Lowers Fiscal 2008 Guidance
Town Sports International Holdings, Inc. lowered its previous guidance for fiscal 2008 and expects total revenue of $504.0 to $508.0 million, down from $510.0 to $520.0 million, net income of $16.5 to $17.5 million, down from $21.3 to $22.3 million and earnings per share (EPS) on a fully diluted basis of $0.62 to $0.66, down from $0.80 to $0.84. According to Reuters Estimates, analysts were expecting the Company to report EPS of $0.83 and net profit of $21.9 million on revenue of $512 million for the same period. The Company cited weaker than anticipated growth in net members as the primary reason for negative guidance.
