NYSE:PLNT - Planet Fitness Stock Price, News, & Analysis

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$67.43 -0.64 (-0.94 %)
(As of 03/20/2019 04:00 PM ET)
Previous Close$68.07
Today's Range$66.91 - $68.25
52-Week Range$35.92 - $68.46
Volume1.03 million shs
Average Volume1.41 million shs
Market Capitalization$6.27 billion
P/E Ratio55.27
Dividend YieldN/A
Beta0.71
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. The Corporate-Owned Stores segment operates corporate-owned stores in the United States and Canada. The Equipment segment engages in the sale of fitness equipment to franchisee-owned stores in the United States. As of June 30, 2018, the company had 1,608 stores in 50 states, the District of Columbia, Puerto Rico, Canada, the Dominican Republic, Panama, and Mexico. Planet Fitness, Inc. was founded in 1992 and is headquartered in Hampton, New Hampshire.

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Industry, Sector and Symbol

Industry Membership sports & recreation clubs
Sub-IndustryN/A
SectorConsumer Discretionary
CUSIPN/A
Phone603-750-0001

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$572.90 million
Cash Flow$1.7215 per share
Book Value($4.11) per share

Profitability

Net Income$88.02 million

Miscellaneous

Employees1,302
Market Cap$6.27 billion
Next Earnings Date5/14/2019 (Estimated)
OptionableOptionable

Planet Fitness (NYSE:PLNT) Frequently Asked Questions

What is Planet Fitness' stock symbol?

Planet Fitness trades on the New York Stock Exchange (NYSE) under the ticker symbol "PLNT."

How will Planet Fitness' stock buyback program work?

Planet Fitness announced that its board has authorized a stock repurchase plan on Friday, February 23rd 2018, which authorizes the company to repurchase $80,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

How were Planet Fitness' earnings last quarter?

Planet Fitness Inc (NYSE:PLNT) posted its quarterly earnings results on Tuesday, February, 26th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. The company earned $174.40 million during the quarter, compared to analyst estimates of $173.76 million. Planet Fitness had a negative return on equity of 67.65% and a net margin of 15.36%. The company's revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 EPS. View Planet Fitness' Earnings History.

When is Planet Fitness' next earnings date?

Planet Fitness is scheduled to release their next quarterly earnings announcement on Tuesday, May 14th 2019. View Earnings Estimates for Planet Fitness.

What guidance has Planet Fitness issued on next quarter's earnings?

Planet Fitness issued an update on its FY 2019 earnings guidance on Tuesday, February, 26th. The company provided EPS guidance of $1.53-1.53 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.43. The company issued revenue guidance of $658.833-658.833 million, compared to the consensus revenue estimate of $637.15 million.

What price target have analysts set for PLNT?

12 analysts have issued 1 year price objectives for Planet Fitness' stock. Their predictions range from $22.00 to $75.00. On average, they anticipate Planet Fitness' share price to reach $58.3077 in the next year. This suggests that the stock has a possible downside of 13.5%. View Analyst Price Targets for Planet Fitness.

What is the consensus analysts' recommendation for Planet Fitness?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Planet Fitness in the last year. There are currently 3 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Planet Fitness.

Has Planet Fitness been receiving favorable news coverage?

Headlines about PLNT stock have been trending positive on Wednesday, according to InfoTrie. The research group rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Planet Fitness earned a media sentiment score of 2.4 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the immediate future.

Who are some of Planet Fitness' key competitors?

What other stocks do shareholders of Planet Fitness own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Planet Fitness investors own include General Electric (GE), Twitter (TWTR), Micron Technology (MU), Netflix (NFLX), NVIDIA (NVDA), Canopy Growth (CGC), Mattel (MAT), Alibaba Group (BABA), Paypal (PYPL) and General Motors (GM).

Who are Planet Fitness' key executives?

Planet Fitness' management team includes the folowing people:
  • Mr. Christopher J. Rondeau, CEO & Director (Age 46)
  • Mr. Dorvin Donald Lively, Pres & CFO (Age 60)
  • Mr. Craig Jeffrey Miller, Chief Digital & Information Officer (Age 58)
  • Mr. Justin Vartanian, Gen. Counsel & Sec.
  • Ms. Jessica Correa, Sr. VP of Marketing

When did Planet Fitness IPO?

(PLNT) raised $202 million in an IPO on Thursday, August 6th 2015. The company issued 13,500,000 shares at $14.00-$16.00 per share. J.P. Morgan Securities Merrill Lynch, Jefferies and Credit Suisse Securities served as the underwriters for the IPO and Guggenheim Securities, Baird, William Blair, Piper Jaffray and Cowen and Company were co-managers.

Who are Planet Fitness' major shareholders?

Planet Fitness' stock is owned by many different of retail and institutional investors. Top institutional investors include FMR LLC (7.31%), BlackRock Inc. (6.54%), Eagle Asset Management Inc. (2.74%), Lord Abbett & CO. LLC (2.34%), Bank of New York Mellon Corp (2.21%) and Jennison Associates LLC (1.89%). Company insiders that own Planet Fitness stock include Charles Esserman, Christopher Rondeau, David P Berg, Dorvin D Lively and Richard L Moore. View Institutional Ownership Trends for Planet Fitness.

Which major investors are selling Planet Fitness stock?

PLNT stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, American Century Companies Inc., Eagle Asset Management Inc., Two Sigma Investments LP, Principal Financial Group Inc., Victory Capital Management Inc., Jennison Associates LLC and Engle Capital Management L.P.. Company insiders that have sold Planet Fitness company stock in the last year include Christopher Rondeau, David P Berg and Dorvin D Lively. View Insider Buying and Selling for Planet Fitness.

Which major investors are buying Planet Fitness stock?

PLNT stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Norges Bank, Stifel Financial Corp, BlackRock Inc., Thrivent Financial for Lutherans, Lord Abbett & CO. LLC, Handelsbanken Fonder AB and Canada Pension Plan Investment Board. View Insider Buying and Selling for Planet Fitness.

How do I buy shares of Planet Fitness?

Shares of PLNT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Planet Fitness' stock price today?

One share of PLNT stock can currently be purchased for approximately $67.43.

How big of a company is Planet Fitness?

Planet Fitness has a market capitalization of $6.27 billion and generates $572.90 million in revenue each year. The company earns $88.02 million in net income (profit) each year or $1.22 on an earnings per share basis. Planet Fitness employs 1,302 workers across the globe.

What is Planet Fitness' official website?

The official website for Planet Fitness is http://www.planetfitness.com.

How can I contact Planet Fitness?

Planet Fitness' mailing address is 4 LIBERTY LANE WEST, HAMPTON NH, 03842. The company can be reached via phone at 603-750-0001 or via email at [email protected]


MarketBeat Community Rating for Planet Fitness (NYSE PLNT)

Community Ranking:  3.3 out of 5 (star star star)
Outperform Votes:  412 (Vote Outperform)
Underperform Votes:  215 (Vote Underperform)
Total Votes:  627
MarketBeat's community ratings are surveys of what our community members think about Planet Fitness and other stocks. Vote "Outperform" if you believe PLNT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PLNT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/20/2019 by MarketBeat.com Staff

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