Brokerages anticipate Planet Fitness, Inc. (NYSE:PLNT – Get Rating) to put up earnings of $0.37 per share for the present fiscal quarter, based on Zacks Investment Research. Eight analysts have issued estimates for Planet Fitness’ earnings. The lowest EPS estimate is $0.33 and the very best is $0.40. Planet Fitness reported earnings per share of $0.21 throughout the identical quarter final 12 months, which suggests a optimistic year-over-year progress fee of 76.2%. The agency is anticipated to report its subsequent earnings report on Monday, January 1st.
On common, analysts anticipate that Planet Fitness will report full-year earnings of $1.54 per share for the present 12 months, with EPS estimates starting from $1.50 to $1.60. For the subsequent 12 months, analysts anticipate that the enterprise will report earnings of $2.17 per share, with EPS estimates starting from $2.00 to $2.46. Zacks’ EPS averages are a imply common based mostly on a survey of sell-side analysts that comply with Planet Fitness.
Planet Fitness (NYSE:PLNT – Get Rating) final posted its earnings outcomes on Tuesday, May tenth. The firm reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. The enterprise had income of $186.70 million for the quarter, in comparison with analysts’ expectations of $190.44 million. Planet Fitness had a internet margin of 8.11% and a damaging return on fairness of 16.39%. The agency’s income for the quarter was up 66.8% on a year-over-year foundation. During the identical quarter within the earlier 12 months, the agency posted $0.10 earnings per share.
PLNT has been the subject of plenty of analyst reviews. JPMorgan Chase & Co. raised shares of Planet Fitness from a “impartial” score to an “chubby” score and set a $90.00 goal value on the inventory in a analysis be aware on Wednesday, May eleventh. StockNews.com assumed protection on shares of Planet Fitness in a analysis be aware on Thursday, March thirty first. They set a “maintain” score on the inventory. BMO Capital Markets decreased their value goal on shares of Planet Fitness from $96.00 to $88.00 in a analysis be aware on Wednesday, May eleventh. DA Davidson decreased their value goal on shares of Planet Fitness from $110.00 to $90.00 in a analysis be aware on Friday, May thirteenth. Finally, Piper Sandler decreased their value goal on shares of Planet Fitness from $87.00 to $72.00 in a analysis be aware on Wednesday, May eleventh. One analysis analyst has rated the inventory with a promote score, two have issued a maintain score and 9 have assigned a purchase score to the corporate. Based on knowledge from MarketBeat.com, the corporate presently has a consensus score of “Buy” and a median value goal of $96.50.
A lot of hedge funds and different institutional buyers have not too long ago made modifications to their positions in PLNT. Moors & Cabot Inc. acquired a brand new stake in Planet Fitness within the third quarter price $26,000. Liberty Wealth Management LLC elevated its place in shares of Planet Fitness by 388.6% throughout the third quarter. Liberty Wealth Management LLC now owns 342 shares of the corporate’s inventory price $29,000 after buying a further 272 shares within the final quarter. Pinnacle Holdings LLC purchased a brand new stake in shares of Planet Fitness throughout the third quarter price $30,000. O Dell Group LLC purchased a brand new stake in shares of Planet Fitness throughout the first quarter price $30,000. Finally, Lazard Asset Management LLC purchased a brand new stake in shares of Planet Fitness throughout the fourth quarter price $33,000. Institutional buyers and hedge funds personal 93.87% of the corporate’s inventory.
NYSE PLNT traded down $2.63 on Friday, reaching $65.19. The firm’s inventory had a buying and selling quantity of 1,405,090 shares, in comparison with its common quantity of 1,080,889. The agency has a market cap of $5.93 billion, a PE ratio of 101.86, a price-to-earnings-growth ratio of two.20 and a beta of 1.16. The enterprise has a 50-day transferring common value of $80.50 and a 200 day transferring common value of $85.24. Planet Fitness has a 52 week low of $64.11 and a 52 week excessive of $99.60.
Planet Fitness Company Profile (Get Rating)
Planet Fitness, Inc, along with its subsidiaries, franchises and operates health facilities underneath the Planet Fitness model. It operates by Franchise, Corporate-Owned Stores, and Equipment segments. The Franchise phase is concerned in franchising enterprise within the United States, Puerto Rico, Canada, Panama, Mexico, and Australia.
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