Planet Fitness (NYSE:PLNT) Issues Earnings Results

Planet Fitness (NYSE:PLNT) posted its quarterly earnings results on Tuesday. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.62 by $0.08, Zacks reports. The company had revenue of $340.50 million during the quarter, compared to analysts’ expectations of $324.57 million. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The firm’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 EPS. 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 Stock Down 8.1 %

Shares of PLNT traded down $8.02 during mid-day trading on Tuesday, reaching $91.22. 641,209 shares of the stock traded hands, compared to its average volume of 1,438,675. The stock has a fifty day simple moving average of $102.82 and a 200 day simple moving average of $92.17. 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 $7.72 billion, a price-to-earnings ratio of 49.72, a P/E/G ratio of 2.45 and a beta of 1.53.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on PLNT shares. Piper Sandler boosted their target price on shares of Planet Fitness from $115.00 to $123.00 and gave the company an “overweight” rating in a report on Monday, January 6th. DA Davidson reissued a “neutral” rating and set a $87.00 price objective on shares of Planet Fitness in a research note on Tuesday, January 21st. Morgan Stanley increased their target price on Planet Fitness from $84.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Macquarie reissued a “neutral” rating and set a $99.00 price target (up previously from $91.00) on shares of Planet Fitness in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. raised their price objective on Planet Fitness from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.