Xponential Fitness (NYSE:XPOF) Announces Earnings Results

Xponential Fitness (NYSE:XPOF) announced its earnings results on Thursday. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02), Briefing.com reports. The company had revenue of $79.52 million for the quarter, compared to the consensus estimate of $78.77 million. Xponential Fitness had a negative net margin of 0.28% and a negative return on equity of 16.60%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same period last year, the business posted ($0.02) EPS.

Xponential Fitness Trading Down 14.1 %

Shares of NYSE:XPOF traded down $1.90 on Friday, hitting $11.53. 1,694,720 shares of the company were exchanged, compared to its average volume of 680,019. The firm has a market capitalization of $547.56 million, a P/E ratio of -6.99 and a beta of 1.20. Xponential Fitness has a 1-year low of $8.30 and a 1-year high of $33.49. The stock’s 50 day moving average price is $13.89 and its 200 day moving average price is $12.94.

Insider Activity at Xponential Fitness

In other news, CFO John P. Meloun sold 6,160 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $10.09, for a total value of $62,154.40. Following the transaction, the chief financial officer now directly owns 245,003 shares of the company’s stock, valued at $2,472,080.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Andrew Hagopian sold 5,260 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $10.06, for a total transaction of $52,915.60. Following the completion of the transaction, the insider now directly owns 228,390 shares in the company, valued at $2,297,603.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John P. Meloun sold 6,160 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $10.09, for a total transaction of $62,154.40. Following the completion of the sale, the chief financial officer now directly owns 245,003 shares in the company, valued at $2,472,080.27. The disclosure for this sale can be found here. Insiders have sold a total of 35,632 shares of company stock valued at $356,848 in the last ninety days. Company insiders own 47.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on XPOF. Stifel Nicolaus restated a “buy” rating and set a $20.00 price objective on shares of Xponential Fitness in a research note on Friday, April 12th. Robert W. Baird lowered their price target on shares of Xponential Fitness from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, March 1st. B. Riley lifted their price objective on shares of Xponential Fitness from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday. Bank of America increased their target price on shares of Xponential Fitness from $13.00 to $15.50 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Finally, Citigroup cut their price target on shares of Xponential Fitness from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Monday, March 4th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $23.85.

About Xponential Fitness

Xponential Fitness, Inc, through its subsidiaries, operates as a boutique fitness franchisor in North America. It offers pilates, indoor cycling, barre, stretching, rowing, dancing, boxing, running, functional training, and yoga services under the Club Pilates, Pure Barre, CycleBar, StretchLab, Row House, YogaSix, Rumble, AKT, Stride, and BFT brands.