Planet Fitness (NYSE:PLNT) Updates FY25 Earnings Guidance

Planet Fitness (NYSE:PLNT) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $2.87-2.90 for the period, compared to the consensus earnings per share estimate of $2.94. The company issued revenue guidance of ~$1.30 billion, compared to the consensus revenue estimate of $1.28 billion. Planet Fitness also updated its FY 2025 guidance to 2.870-2.900 EPS.

Planet Fitness Stock Performance

PLNT stock traded down $8.10 during midday trading on Tuesday, reaching $91.14. The company’s stock had a trading volume of 2,364,362 shares, compared to its average volume of 1,487,900. Planet Fitness has a 1 year low of $54.35 and a 1 year high of $110.00. The firm has a market capitalization of $7.71 billion, a price-to-earnings ratio of 49.23, a PEG ratio of 2.45 and a beta of 1.53. The stock has a fifty day simple moving average of $102.82 and a two-hundred day simple moving average of $92.17.

Planet Fitness (NYSE:PLNT) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.62 by $0.08. The company 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 firm’s revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 EPS. As a group, analysts forecast that Planet Fitness will post 2.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PLNT has been the subject of a number of research reports. Macquarie reiterated a “neutral” rating and issued a $99.00 price target (up previously from $91.00) on shares of Planet Fitness in a report on Friday, November 8th. JPMorgan Chase & Co. increased their target price on shares of Planet Fitness from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Stifel Nicolaus boosted their price target on shares of Planet Fitness from $85.00 to $90.00 and gave the company a “hold” rating in a report on Friday, January 17th. Piper Sandler increased their price objective on shares of Planet Fitness from $115.00 to $123.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Finally, Robert W. Baird lifted their price objective on shares of Planet Fitness from $92.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Planet Fitness currently has a consensus rating of “Moderate Buy” and a consensus price target 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.