Planet Fitness (PLNT) Expected to Announce Earnings on Wednesday

Planet Fitness (NYSE:PLNT - Get Free Report) is expected to post its Q2 2025 quarterly earnings results before the market opens on Wednesday, August 6th. Analysts expect Planet Fitness to post earnings of $0.78 per share and revenue of $329.59 million for the quarter. Planet Fitness has set its FY 2025 guidance at 2.870-2.900 EPS.

Planet Fitness (NYSE:PLNT - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.62 by ($0.03). Planet Fitness had a negative return on equity of 88.70% and a net margin of 14.84%. The business had revenue of $276.66 million during the quarter, compared to analysts' expectations of $279.80 million. During the same period in the prior year, the firm posted $0.53 earnings per share. The firm's revenue for the quarter was up 11.6% on a year-over-year basis. On average, analysts expect Planet Fitness to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Planet Fitness Stock Down 1.5%

NYSE PLNT traded down $1.66 during trading hours on Friday, reaching $107.53. The company's stock had a trading volume of 1,159,092 shares, compared to its average volume of 1,103,311. The firm's 50-day moving average price is $107.30 and its 200-day moving average price is $101.86. Planet Fitness has a 1 year low of $68.75 and a 1 year high of $114.47. The company has a market capitalization of $9.05 billion, a price-to-earnings ratio of 50.72, a PEG ratio of 2.44 and a beta of 1.40.

Analyst Upgrades and Downgrades

PLNT has been the topic of a number of research analyst reports. Canaccord Genuity Group set a $126.00 price target on Planet Fitness and gave the stock a "buy" rating in a report on Thursday, June 12th. Morgan Stanley boosted their price target on Planet Fitness from $111.00 to $112.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Guggenheim reissued a "buy" rating and issued a $110.00 price target on shares of Planet Fitness in a report on Monday, May 12th. Macquarie reaffirmed a "neutral" rating and set a $95.00 price objective on shares of Planet Fitness in a report on Tuesday, May 13th. Finally, Stifel Nicolaus set a $120.00 price objective on Planet Fitness and gave the stock a "buy" rating in a report on Thursday, May 22nd. Three investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $106.63.

Hedge Funds Weigh In On Planet Fitness

An institutional investor recently bought a new position in Planet Fitness stock. Empowered Funds LLC bought a new stake in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 19,572 shares of the company's stock, valued at approximately $1,891,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

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.