Equities analysts predict that Anaplan Inc (NYSE:PLAN) will post sales of $63.69 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Anaplan’s earnings, with the highest sales estimate coming in at $63.82 million and the lowest estimate coming in at $63.49 million. The business is scheduled to issue its next quarterly earnings results on Wednesday, February 27th.
On average, analysts expect that Anaplan will report full year sales of $235.13 million for the current financial year, with estimates ranging from $234.88 million to $235.29 million. For the next fiscal year, analysts anticipate that the company will report sales of $297.41 million, with estimates ranging from $289.87 million to $303.30 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Anaplan.
Anaplan (NYSE:PLAN) last released its quarterly earnings results on Wednesday, November 28th. The company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.01. The firm had revenue of $62.00 million during the quarter, compared to analyst estimates of $57.47 million. The business’s quarterly revenue was up 40.3% on a year-over-year basis.
PLAN has been the topic of a number of research analyst reports. Goldman Sachs Group initiated coverage on Anaplan in a report on Tuesday, November 6th. They issued a “neutral” rating and a $25.00 price target on the stock. Evercore ISI assumed coverage on Anaplan in a research report on Tuesday, November 6th. They set an “inline” rating and a $26.00 price objective on the stock. SunTrust Banks started coverage on Anaplan in a research note on Tuesday, November 6th. They issued a “buy” rating and a $28.00 price objective for the company. KeyCorp began coverage on Anaplan in a report on Tuesday, November 6th. They set a “sector weight” rating for the company. Finally, Zacks Investment Research cut Anaplan from a “hold” rating to a “sell” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $27.33.
In other news, Director Sandesh Kaveripatnam acquired 1,104,999 shares of the firm’s stock in a transaction dated Tuesday, October 16th. The shares were acquired at an average cost of $17.00 per share, with a total value of $18,784,983.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider David Ying Xian Chung bought 3,600 shares of the business’s stock in a transaction dated Tuesday, October 16th. The shares were bought at an average cost of $17.00 per share, for a total transaction of $61,200.00. The disclosure for this purchase can be found here.
Shares of NYSE PLAN traded up $0.65 during trading on Monday, hitting $28.55. The stock had a trading volume of 373,167 shares, compared to its average volume of 424,362. Anaplan has a 12 month low of $20.37 and a 12 month high of $29.70.
Anaplan, Inc provides a cloud-based connected planning platform Its platform unites traditionally distinct or disconnected database structures, including relational, columnar, and online analytical processing with in-memory data storage and calculation that is used in various lines of business, such as finance, sales, supply chain, marketing, human resources, and operations.
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