DA Davidson Estimates Planet Fitness Q1 Earnings

Planet Fitness, Inc. (NYSE:PLNT - Free Report) - Analysts at DA Davidson issued their Q1 2025 earnings per share estimates for Planet Fitness in a report released on Wednesday, February 26th. DA Davidson analyst L. Weiser anticipates that the company will post earnings per share of $0.58 for the quarter. DA Davidson currently has a "Neutral" rating and a $87.00 target price on the stock. The consensus estimate for Planet Fitness' current full-year earnings is $2.51 per share. DA Davidson also issued estimates for Planet Fitness' FY2026 earnings at $3.35 EPS.

Several other analysts have also issued reports on the stock. Macquarie reduced their price target on shares of Planet Fitness from $99.00 to $95.00 and set a "neutral" rating on the stock in a research report on Thursday. JPMorgan Chase & Co. increased their price target on shares of Planet Fitness from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Stifel Nicolaus reduced their price target on shares of Planet Fitness from $90.00 to $82.00 and set a "hold" rating on the stock in a research report on Friday. Piper Sandler increased their price target on shares of Planet Fitness from $115.00 to $123.00 and gave the stock an "overweight" rating in a research report on Monday, January 6th. Finally, Raymond James increased their price target on shares of Planet Fitness from $92.00 to $110.00 and gave the stock a "strong-buy" rating in a research report on Friday, November 8th. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $99.00.

Planet Fitness Stock Up 1.2 %

Shares of NYSE:PLNT traded up $1.12 during midday trading on Thursday, hitting $92.50. The stock had a trading volume of 1,992,493 shares, compared to its average volume of 1,643,143. The company has a market capitalization of $7.82 billion, a P/E ratio of 49.73, a price-to-earnings-growth ratio of 2.45 and a beta of 1.53. The company's 50-day moving average price is $102.15 and its 200-day moving average price is $92.41. Planet Fitness has a fifty-two week low of $54.35 and a fifty-two week high of $110.00.

Planet Fitness (NYSE:PLNT - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.08. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The company had revenue of $340.50 million during the quarter, compared to the consensus estimate of $324.57 million. During the same quarter last year, the firm earned $0.60 earnings per share. The company's revenue was up 19.4% on a year-over-year basis.

Hedge Funds Weigh In On Planet Fitness

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Planet Fitness by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 8,035,765 shares of the company's stock valued at $794,496,000 after acquiring an additional 39,928 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Planet Fitness by 48.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,911,081 shares of the company's stock valued at $782,169,000 after acquiring an additional 2,570,826 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Planet Fitness by 1.0% during the fourth quarter. JPMorgan Chase & Co. now owns 3,609,196 shares of the company's stock valued at $356,841,000 after acquiring an additional 36,803 shares during the last quarter. State Street Corp raised its stake in Planet Fitness by 1.5% during the third quarter. State Street Corp now owns 2,524,764 shares of the company's stock worth $205,061,000 after buying an additional 37,236 shares during the last quarter. Finally, Anomaly Capital Management LP raised its stake in Planet Fitness by 20.3% during the fourth quarter. Anomaly Capital Management LP now owns 1,772,593 shares of the company's stock worth $175,256,000 after buying an additional 299,148 shares during the last quarter. Institutional investors own 95.53% of the company's stock.

Planet Fitness Company Profile

Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. The company operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The company is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia.