Q1 EPS Estimates for Planet Fitness Cut by Zacks Research

Planet Fitness, Inc. (NYSE:PLNT) – Equities researchers at Zacks Research dropped their Q1 2025 earnings estimates for Planet Fitness in a research note issued on Tuesday, March 18th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $0.62 for the quarter, down from their prior forecast of $0.64. The consensus estimate for Planet Fitness’ current full-year earnings is $2.51 per share. Zacks Research also issued estimates for Planet Fitness’ Q3 2025 earnings at $0.73 EPS, Q4 2025 earnings at $0.75 EPS, FY2025 earnings at $2.88 EPS, Q1 2026 earnings at $0.70 EPS, Q2 2026 earnings at $0.90 EPS, Q3 2026 earnings at $0.81 EPS, Q4 2026 earnings at $0.93 EPS, FY2026 earnings at $3.33 EPS and FY2027 earnings at $3.68 EPS.

A number of other analysts also recently issued reports on the company. Stifel Nicolaus lowered their target price on Planet Fitness from $90.00 to $82.00 and set a “hold” rating on the stock in a research report on Friday, February 28th. Canaccord Genuity Group began coverage on Planet Fitness in a research note on Thursday, March 13th. They set a “buy” rating and a $120.00 price objective on the stock. Piper Sandler increased their price objective on Planet Fitness from $115.00 to $123.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and set a $120.00 target price on shares of Planet Fitness in a report on Monday, February 24th. Finally, Roth Mkm reiterated a “buy” rating and issued a $115.00 price target (up previously from $110.00) on shares of Planet Fitness in a research note on Wednesday, February 26th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $100.17.

Planet Fitness Trading Up 2.0 %

Shares of PLNT stock opened at $100.66 on Thursday. The firm’s fifty day moving average price is $101.01 and its two-hundred day moving average price is $93.79. 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 $8.52 billion, a P/E ratio of 54.12, a PEG ratio of 2.45 and a beta of 1.54.

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, topping analysts’ consensus estimates of $0.62 by $0.08. 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 the consensus estimate of $324.57 million. During the same period last year, the company earned $0.60 earnings per share. Planet Fitness’s quarterly revenue was up 19.4% on a year-over-year basis.

Institutional Trading of Planet Fitness

Several large investors have recently made changes to their positions in PLNT. KBC Group NV lifted its stake in Planet Fitness by 14.7% during the third quarter. KBC Group NV now owns 2,503 shares of the company’s stock worth $203,000 after purchasing an additional 321 shares during the last quarter. Natixis Advisors LLC bought a new position in Planet Fitness in the third quarter valued at about $855,000. Quest Partners LLC raised its stake in Planet Fitness by 126.0% during the third quarter. Quest Partners LLC now owns 9,504 shares of the company’s stock worth $772,000 after acquiring an additional 5,298 shares in the last quarter. Premier Fund Managers Ltd bought a new position in shares of Planet Fitness in the third quarter worth about $775,000. Finally, Hilton Capital Management LLC bought a new position in shares of Planet Fitness in the third quarter worth about $1,688,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

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.