Brokers Set Expectations for F45 Training Holdings Inc.’s FY2022 Earnings (NYSE:FXLV)
F45 Training Holdings Inc. (NYSE:FXLV – Get Rating) – Analysts at Jefferies Financial Group issued their FY2022 earnings per share (EPS) estimates for F45 Training in a research report issued to clients and investors on Tuesday, November 15th. Jefferies Financial Group analyst R. Konik forecasts that the company will post earnings of ($0.84) per share for the year. The consensus estimate for F45 Training’s current full-year earnings is ($0.41) per share. Jefferies Financial Group also issued estimates for F45 Training’s Q4 2022 earnings at ($0.06) EPS, Q1 2023 earnings at $0.08 EPS, Q2 2023 earnings at $0.04 EPS, Q3 2023 earnings at $0.04 EPS, Q4 2023 earnings at $0.01 EPS and FY2023 earnings at $0.29 EPS.
F45 Training (NYSE:FXLV – Get Rating) last issued its quarterly earnings results on Monday, August 15th. The company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.50). F45 Training had a negative return on equity of 63.87% and a negative net margin of 45.32%. The business had revenue of $30.03 million for the quarter, compared to analysts’ expectations of $56.96 million.
A number of other equities research analysts have also weighed in on the company. Guggenheim lowered F45 Training from a “buy” rating to a “neutral” rating in a research note on Thursday, July 28th. Macquarie lowered F45 Training from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $17.00 to $4.00 in a research note on Wednesday, July 27th. Robert W. Baird lowered F45 Training from an “outperform” rating to a “neutral” rating and set a $2.00 target price on the stock. in a research report on Wednesday, July 27th. Roth Capital dropped their target price on F45 Training from $8.00 to $2.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 16th. Finally, The Goldman Sachs Group upped their target price on F45 Training from $2.00 to $3.00 and gave the company a “neutral” rating in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, F45 Training currently has an average rating of “Hold” and an average price target of $9.88.
F45 Training Price Performance
Shares of FXLV stock opened at $2.99 on Thursday. F45 Training has a fifty-two week low of $0.79 and a fifty-two week high of $15.78. The firm has a market capitalization of $287.70 million, a price-to-earnings ratio of 18.69 and a beta of -1.23. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.34 and a current ratio of 1.61. The stock’s 50-day simple moving average is $2.92 and its 200-day simple moving average is $3.77.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. California State Teachers Retirement System lifted its holdings in F45 Training by 8.1% in the first quarter. California State Teachers Retirement System now owns 28,919 shares of the company’s stock valued at $309,000 after acquiring an additional 2,160 shares during the period. Swiss National Bank raised its stake in shares of F45 Training by 7.5% during the 1st quarter. Swiss National Bank now owns 42,800 shares of the company’s stock worth $458,000 after buying an additional 3,000 shares during the period. Amalgamated Bank acquired a new position in shares of F45 Training during the 1st quarter worth approximately $36,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of F45 Training by 30.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,260 shares of the company’s stock worth $44,000 after buying an additional 3,356 shares during the period. Finally, American International Group Inc. raised its stake in shares of F45 Training by 44.6% during the 1st quarter. American International Group Inc. now owns 15,755 shares of the company’s stock worth $169,000 after buying an additional 4,861 shares during the period. 48.99% of the stock is owned by institutional investors and hedge funds.
Insider Activity at F45 Training
In related news, Director Kennedy Lewis Management Lp purchased 600,000 shares of the firm’s stock in a transaction on Monday, August 22nd. The stock was bought at an average cost of $2.13 per share, with a total value of $1,278,000.00. Following the completion of the acquisition, the director now owns 9,019,437 shares of the company’s stock, valued at approximately $19,211,400.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought a total of 1,470,000 shares of company stock worth $3,498,550 over the last quarter. Insiders own 62.10% of the company’s stock.
About F45 Training
F45 Training Holdings Inc operates as a fitness franchisor. The company offers consumers functional 45-minute workouts that combine elements of high-intensity interval, circuit, and functional training. It provides workouts primarily through its digitally-connected network of studios. As of December 31, 2021, the company operated 1,749 total studios.
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