Brokerages expect Planet Fitness Inc (NYSE:PLNT) to announce earnings of $0.32 per share for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Planet Fitness’ earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.35. Planet Fitness reported earnings of $0.24 per share in the same quarter last year, which indicates a positive year over year growth rate of 33.3%. The business is scheduled to issue its next earnings results on Thursday, February 28th.

According to Zacks, analysts expect that Planet Fitness will report full-year earnings of $1.20 per share for the current financial year, with EPS estimates ranging from $1.18 to $1.24. For the next year, analysts forecast that the company will post earnings of $1.43 per share, with EPS estimates ranging from $1.29 to $1.54. Zacks’ EPS averages are an average based on a survey of analysts that cover Planet Fitness.

Planet Fitness (NYSE:PLNT) last released its earnings results on Tuesday, November 6th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.04. The business had revenue of $136.66 million for the quarter, compared to the consensus estimate of $126.10 million. Planet Fitness had a net margin of 11.22% and a negative return on equity of 95.97%. The firm’s quarterly revenue was up 40.2% compared to the same quarter last year. During the same period last year, the firm posted $0.19 earnings per share.

Several research analysts have recently weighed in on the stock. ValuEngine raised shares of Planet Fitness from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 14th. Piper Jaffray Companies reissued a “buy” rating and issued a $60.00 target price on shares of Planet Fitness in a research report on Sunday, August 12th. Roth Capital set a $55.00 target price on shares of Planet Fitness and gave the stock a “buy” rating in a research report on Saturday, August 11th. Wedbush lifted their target price on shares of Planet Fitness from $35.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, August 10th. Finally, Imperial Capital lifted their target price on shares of Planet Fitness from $40.00 to $45.00 and gave the stock an “inline” rating in a research report on Friday, August 10th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $53.07.

Shares of Planet Fitness stock traded down $2.77 during trading on Monday, hitting $53.46. The stock had a trading volume of 1,250,054 shares, compared to its average volume of 1,041,416. The company has a market cap of $5.49 billion, a P/E ratio of 63.64, a price-to-earnings-growth ratio of 2.39 and a beta of 0.77. Planet Fitness has a 1 year low of $28.98 and a 1 year high of $58.50.

In related news, CEO Christopher Rondeau sold 80,000 shares of the business’s stock in a transaction that occurred on Thursday, October 4th. The shares were sold at an average price of $50.81, for a total transaction of $4,064,800.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 19.87% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Kendall Capital Management purchased a new position in Planet Fitness during the third quarter valued at approximately $249,000. Dynamic Technology Lab Private Ltd lifted its stake in Planet Fitness by 210.9% in the second quarter. Dynamic Technology Lab Private Ltd now owns 20,799 shares of the company’s stock valued at $914,000 after acquiring an additional 14,108 shares during the last quarter. Raymond James & Associates lifted its stake in Planet Fitness by 7.8% in the second quarter. Raymond James & Associates now owns 73,865 shares of the company’s stock valued at $3,246,000 after acquiring an additional 5,351 shares during the last quarter. OppenheimerFunds Inc. acquired a new stake in Planet Fitness in the second quarter valued at approximately $15,098,000. Finally, Swiss National Bank lifted its stake in Planet Fitness by 1.7% in the second quarter. Swiss National Bank now owns 151,785 shares of the company’s stock valued at $6,669,000 after acquiring an additional 2,600 shares during the last quarter. 90.80% of the stock is currently owned by hedge funds and other institutional investors.

Planet Fitness Company Profile

Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness name. It operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, the Dominican Republic, and Panama.

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Earnings History and Estimates for Planet Fitness (NYSE:PLNT)

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