FY2025 EPS Forecast for Planet Fitness Decreased by Analyst

Planet Fitness, Inc. (NYSE:PLNT - Free Report) - William Blair reduced their FY2025 earnings per share estimates for Planet Fitness in a research note issued on Tuesday, February 25th. William Blair analyst S. Zackfia now expects that the company will post earnings of $2.90 per share for the year, down from their prior estimate of $2.95. The consensus estimate for Planet Fitness' current full-year earnings is $2.51 per share.

A number of other equities research analysts have also issued reports on the stock. DA Davidson reissued a "neutral" rating and set a $87.00 target price on shares of Planet Fitness in a research note on Tuesday, January 21st. Macquarie reduced their price objective on Planet Fitness from $99.00 to $95.00 and set a "neutral" rating for the company in a research report on Thursday. Guggenheim restated a "buy" rating and issued a $105.00 target price on shares of Planet Fitness in a research note on Thursday. Royal Bank of Canada reaffirmed an "outperform" rating and set a $120.00 price target on shares of Planet Fitness in a research note on Monday, February 24th. Finally, Robert W. Baird boosted their price target on Planet Fitness from $92.00 to $110.00 and gave the company an "outperform" rating in a research note 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 stock. Based on data from MarketBeat.com, Planet Fitness currently has a consensus rating of "Moderate Buy" and a consensus target price of $99.00.

Planet Fitness Stock Performance

Shares of PLNT stock traded up $0.29 during trading on Friday, hitting $92.84. 2,174,549 shares of the company were exchanged, compared to its average volume of 1,656,426. The business's 50-day simple moving average is $102.00 and its 200 day simple moving average is $92.59. Planet Fitness has a twelve month low of $54.35 and a twelve month high of $110.00. The firm has a market capitalization of $7.85 billion, a price-to-earnings ratio of 49.91, a P/E/G ratio of 2.45 and a beta of 1.53.

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

Institutional Investors Weigh In On Planet Fitness

A number of hedge funds have recently bought and sold shares of PLNT. Creative Planning lifted its position in shares of Planet Fitness by 2.1% during the 3rd quarter. Creative Planning now owns 9,144 shares of the company's stock worth $743,000 after purchasing an additional 192 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Planet Fitness by 202.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 45,928 shares of the company's stock worth $3,730,000 after buying an additional 30,736 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Planet Fitness by 3.3% during the third quarter. State of Alaska Department of Revenue now owns 9,825 shares of the company's stock worth $797,000 after buying an additional 310 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Planet Fitness in the third quarter valued at approximately $13,592,000. Finally, Verdence Capital Advisors LLC grew its stake in shares of Planet Fitness by 4.5% in the third quarter. Verdence Capital Advisors LLC now owns 3,047 shares of the company's stock worth $247,000 after acquiring an additional 132 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.

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.