Planet Fitness (NYSE:PLNT) Issues Earnings Results, Beats Estimates By $0.08 EPS

Planet Fitness (NYSE:PLNT) issued its quarterly earnings data on Tuesday. The company reported $0.70 earnings per share 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 company had revenue of $340.50 million during the quarter, compared to analyst estimates of $324.57 million. During the same period in the prior year, the business posted $0.60 earnings per share. The firm’s revenue for the quarter 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 Price Performance

Shares of PLNT traded up $1.64 during midday trading on Thursday, reaching $92.26. The stock had a trading volume of 639,670 shares, compared to its average volume of 1,587,278. The company has a market cap of $7.80 billion, a price-to-earnings ratio of 49.60, a PEG ratio of 2.45 and a beta of 1.53. The company’s fifty day simple moving average is $102.44 and its two-hundred day simple moving average is $92.24. Planet Fitness has a 1-year low of $54.35 and a 1-year high of $110.00.

Wall Street Analysts Forecast Growth

PLNT has been the subject of a number of research analyst reports. Piper Sandler increased their price target on Planet Fitness from $115.00 to $123.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Guggenheim reaffirmed a “buy” rating and set a $105.00 target price on shares of Planet Fitness in a research note on Thursday. DA Davidson reiterated a “neutral” rating and set a $87.00 price target on shares of Planet Fitness in a research report on Tuesday, January 21st. Royal Bank of Canada restated an “outperform” rating and issued a $120.00 price objective on shares of Planet Fitness in a report on Monday. Finally, Macquarie reiterated a “neutral” rating and issued a $99.00 target price (up previously from $91.00) on shares of Planet Fitness in a report on Friday, November 8th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Planet Fitness has a consensus rating of “Moderate Buy” and an average price target of $99.71.

Planet Fitness Company Profile

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.