Planet Fitness (NYSE:PLNT) Releases FY 2025 Earnings Guidance

Planet Fitness (NYSE:PLNT) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 2.870-2.900 for the period, compared to the consensus earnings per share estimate of 2.930. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion. Planet Fitness also updated its FY25 guidance to $2.87-2.90 EPS.

Wall Street Analyst Weigh In

PLNT has been the subject of several analyst reports. DA Davidson reissued a “neutral” rating and issued a $87.00 price objective on shares of Planet Fitness in a report on Tuesday, January 21st. Macquarie reiterated a “neutral” rating and issued a $99.00 target price (up from $91.00) on shares of Planet Fitness in a research note on Friday, November 8th. Morgan Stanley increased their target price on Planet Fitness from $84.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Robert W. Baird lifted their price objective on Planet Fitness from $92.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Stifel Nicolaus upped their target price on shares of Planet Fitness from $85.00 to $90.00 and gave the stock a “hold” rating in a report on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Planet Fitness has a consensus rating of “Moderate Buy” and a consensus target price of $97.69.

Planet Fitness Trading Down 0.2 %

Shares of PLNT opened at $89.92 on Wednesday. The company’s 50-day moving average price is $102.57 and its 200 day moving average price is $92.25. Planet Fitness has a 12-month low of $54.35 and a 12-month high of $110.00. The firm has a market cap of $7.61 billion, a P/E ratio of 48.27, a price-to-earnings-growth ratio of 2.45 and a beta of 1.53.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.08. The business had revenue of $340.50 million for the quarter, compared to the consensus estimate of $324.57 million. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. The business’s revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 EPS. Equities research analysts forecast that Planet Fitness will post 2.51 earnings per share for the current year.

About Planet Fitness

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.