Planet Fitness (NYSE:PLNT) Announces Earnings Results

Planet Fitness (NYSE:PLNT) released its quarterly earnings data on Tuesday. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.08, Zacks reports. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The business had revenue of $340.50 million during the quarter, compared to analysts’ expectations of $324.57 million. During the same period in the prior year, the firm posted $0.60 EPS. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. Planet Fitness updated its FY 2025 guidance to 2.870-2.900 EPS and its FY25 guidance to $2.87-2.90 EPS.

Planet Fitness Trading Down 9.7 %

Shares of PLNT stock opened at $89.66 on Wednesday. Planet Fitness has a twelve month low of $54.35 and a twelve month high of $110.00. The company has a market capitalization of $7.58 billion, a PE ratio of 48.20, a price-to-earnings-growth ratio of 2.45 and a beta of 1.53. The firm has a fifty day simple moving average of $102.57 and a 200-day simple moving average of $92.25.

Analyst Upgrades and Downgrades

PLNT has been the topic of several recent analyst reports. Stifel Nicolaus increased their price target on shares of Planet Fitness from $85.00 to $90.00 and gave the company a “hold” rating in a research note on Friday, January 17th. Royal Bank of Canada reissued an “outperform” rating and issued a $120.00 price objective on shares of Planet Fitness in a research note on Monday. Raymond James lifted their target price 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. Macquarie reiterated a “neutral” rating and issued a $99.00 price target (up from $91.00) on shares of Planet Fitness in a research report on Friday, November 8th. Finally, 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 research report on Friday, November 8th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Planet Fitness presently has an average rating of “Moderate Buy” and an average target price of $97.69.

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.