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

Planet Fitness (NYSE:PLNT) issued an update on its FY 2025 earnings guidance on Tuesday morning. 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.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PLNT shares. Macquarie reaffirmed a “neutral” rating and set 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. upped their price target on shares of Planet Fitness from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Piper Sandler boosted their price objective on shares of Planet Fitness from $115.00 to $123.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Stifel Nicolaus increased their price objective 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. Finally, Morgan Stanley lifted their target price on shares of Planet Fitness from $84.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Planet Fitness currently has an average rating of “Moderate Buy” and an average price target of $97.69.

Planet Fitness Trading Down 8.8 %

Shares of NYSE:PLNT traded down $8.76 during trading on Tuesday, hitting $90.48. 1,927,867 shares of the company’s stock were exchanged, compared to its average volume of 1,469,128. The firm has a 50-day moving average price of $102.82 and a two-hundred day moving average price of $92.17. The firm has a market cap of $7.65 billion, a P/E ratio of 48.60, a PEG ratio of 2.45 and a beta of 1.53. Planet Fitness has a 1-year low of $54.35 and a 1-year high of $110.00.

Planet Fitness (NYSE:PLNT) last posted its quarterly earnings data 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. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. The company had revenue of $340.50 million for the quarter, compared to the consensus estimate of $324.57 million. During the same period last year, the company earned $0.60 earnings per share. The firm’s revenue was up 19.4% compared to the same quarter last year. As a group, research analysts predict that Planet Fitness will post 2.51 EPS 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.