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

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

Planet Fitness announced that its board has initiated a stock repurchase program on Friday, February 23rd 2018, which authorizes the company to buyback $80,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its stock is undervalued.

Planet Fitness Inc (NYSE:PLNT) posted its quarterly earnings results on Thursday, November, 7th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $166.82 million for the quarter, compared to analysts' expectations of $162.26 million. Planet Fitness had a net margin of 16.80% and a negative return on equity of 37.57%. The company's quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 EPS. View Planet Fitness' Earnings History.

Planet Fitness is scheduled to release their next quarterly earnings announcement on Tuesday, February 25th 2020. View Earnings Estimates for Planet Fitness.

Planet Fitness issued an update on its FY 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share (EPS) guidance of $1.56-1.56 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.57. The company issued revenue guidance of $$681.74862-681.74862 million, compared to the consensus revenue estimate of $$683.7 million.

12 analysts have issued 12 month target prices for Planet Fitness' stock. Their forecasts range from $60.00 to $90.00. On average, they anticipate Planet Fitness' share price to reach $78.67 in the next year. This suggests a possible upside of 5.6% from the stock's current price. View Analyst Price Targets 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.

Press coverage about PLNT stock has trended extremely negative recently, InfoTrie reports. The research group identifies positive and negative media coverage by analyzing 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 nearest to five being the most favorable. Planet Fitness earned a media sentiment score of -4.0 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for Planet Fitness.

Planet Fitness saw a decrease in short interest during the month of November. As of November 15th, there was short interest totalling 3,550,000 shares, a decrease of 20.4% from the October 31st total of 4,460,000 shares. Based on an average daily trading volume, of 1,360,000 shares, the short-interest ratio is presently 2.6 days. Approximately 4.4% of the company's stock are sold short. View Planet Fitness' Current Options Chain.

Some companies that are related to Planet Fitness include TAL Education Group (TAL), ANTA Sports Products (ANPDF), Royal Caribbean Cruises (RCL), Rogers Communications (RCI), Carnival (CCL), Panasonic (PCRFY), Toshiba (TOSYY), FOX (FOXA), Liberty Broadband Corp Series C (LBRDK), Liberty Broadband Corp Series A (LBRDA), FOX (FOX), Discovery Inc Series B (DISCB), UNICHARM CORP/S (UNICY), New Oriental Education & Tech Grp (EDU) and Roku (ROKU).

Based on aggregate information from My MarketBeat watchlists, some companies that other Planet Fitness investors own include NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), Paypal (PYPL), Netflix (NFLX), Canopy Growth (CGC), Boeing (BA), Twilio (TWLO), Walt Disney (DIS) and Roku (ROKU).

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

Planet Fitness' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Pelham Capital Ltd. (1.73%), Eagle Asset Management Inc. (1.49%), Carillon Tower Advisers Inc. (1.34%), Massachusetts Financial Services Co. MA (1.27%), State Street Corp (1.19%) and Artemis Investment Management LLP (1.03%). Company insiders that own Planet Fitness stock include Christopher Rondeau, David P Berg and Dorvin D Lively. View Institutional Ownership Trends for Planet Fitness.

PLNT stock was sold by a variety of institutional investors in the last quarter, including Eagle Asset Management Inc., Millennium Management LLC, Carillon Tower Advisers Inc., SG Americas Securities LLC, Russell Investments Group Ltd., TimesSquare Capital Management LLC, Lisanti Capital Growth LLC and First Trust Advisors LP. 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.

PLNT stock was acquired by a variety of institutional investors in the last quarter, including Squarepoint Ops LLC, Scout Investments Inc., Pelham Capital Ltd., Maverick Capital Ltd., Massachusetts Financial Services Co. MA, State of New Jersey Common Pension Fund D, California Public Employees Retirement System and Handelsbanken Fonder AB. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of PLNT stock can currently be purchased for approximately $74.48.

Planet Fitness has a market capitalization of $6.73 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.View Additional Information About Planet Fitness.

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

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]