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

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

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

Planet Fitness Inc (NYSE:PLNT) announced its quarterly earnings results on Thursday, August, 9th. The company reported $0.34 EPS for the quarter, beating the Zacks' consensus estimate of $0.31 by $0.03. The firm had revenue of $140.55 million for the quarter, compared to analysts' expectations of $130.99 million. Planet Fitness had a negative return on equity of 82.89% and a net margin of 11.68%. The business's revenue for the quarter was up 31.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 EPS. View Planet Fitness' Earnings History.

Planet Fitness is scheduled to release their next quarterly earnings announcement on Tuesday, November, 6th 2018. View Earnings Estimates for Planet Fitness.

Planet Fitness issued an update on its FY18 earnings guidance on Thursday, August, 9th. The company provided earnings per share guidance of $1.12 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.17. The company issued revenue guidance of $541.7 million, compared to the consensus revenue estimate of $530.66 million.

11 analysts have issued 12 month price targets for Planet Fitness' stock. Their forecasts range from $22.00 to $60.00. On average, they expect Planet Fitness' stock price to reach $49.4545 in the next year. This suggests that the stock has a possible downside of 0.8%. View Analyst Price Targets for Planet Fitness.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Planet Fitness in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Planet Fitness.

Some companies that are related to Planet Fitness include Toshiba (TOSYY), IQIYI (IQ), DISH Network (DISH), Discovery Inc Series B (DISCB), Discovery Communications (DISCA), Liberty Broadband Corp Series A (LBRDA), Liberty Broadband Corp Series C (LBRDK), Discovery Inc Series C (DISCK), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), MGM Resorts International (MGM), Wynn Resorts (WYNN), Mohawk Industries (MHK), Hasbro (HAS), Viacom, Inc. Class A (VIA) and Carnival (CUK).

(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 acted as the underwriters for the IPO and Guggenheim Securities, Baird, William Blair, Piper Jaffray and Cowen and Company were co-managers.

Media stories about PLNT stock have trended somewhat positive recently, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Planet Fitness earned a daily sentiment score of 0.18 on Accern's scale. They also assigned press coverage about the company an impact score of 46.57 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next several days. View Recent Headlines for Planet Fitness.

Planet Fitness' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.13%), Bank of New York Mellon Corp (3.65%), Bank of New York Mellon Corp (3.65%), Eagle Asset Management Inc. (3.23%), Jennison Associates LLC (2.58%) and FMR LLC (2.57%). Company insiders that own Planet Fitness stock include Charles Esserman, Christopher Rondeau, Dorvin D Lively, Marc Grondahl, Pierre Lecomte and Richard L Moore. View Institutional Ownership Trends for Planet Fitness.

PLNT stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Bank of New York Mellon Corp, Investec Asset Management LTD, DSAM Partners London Ltd, Point72 Asset Management L.P., RWC Asset Management LLP, Fred Alger Management Inc. and Castleark Management LLC. Company insiders that have sold Planet Fitness company stock in the last year include Christopher Rondeau, Dorvin D Lively and Richard L Moore. View Insider Buying and Selling for Planet Fitness.

PLNT stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, FMR LLC, BlackRock Inc., OppenheimerFunds Inc., Bank of America Corp DE, Voya Investment Management LLC, State of Wisconsin Investment Board and Northern Trust Corp. 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, Scottrade, Fidelity and Charles Schwab.

One share of PLNT stock can currently be purchased for approximately $49.85.

Planet Fitness has a market capitalization of $4.92 billion and generates $429.94 million in revenue each year. The company earns $33.14 million in net income (profit) each year or $0.84 on an earnings per share basis. Planet Fitness employs 833 workers across the globe.

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]