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 Inc (NYSE:PLNT) released its quarterly earnings results on Tuesday, February, 25th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.03. The company earned $191.51 million during the quarter, compared to analysts' expectations of $188.75 million. Planet Fitness had a negative return on equity of 39.70% and a net margin of 17.09%. View Planet Fitness' Earnings History.

Planet Fitness is scheduled to release their next quarterly earnings announcement on Thursday, May 7th 2020. View Earnings Estimates for Planet Fitness.

Planet Fitness issued an update on its FY 2020 After-Hours earnings guidance on Tuesday, February, 25th. The company provided earnings per share guidance of 1.84-1.84 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.90. The company issued revenue guidance of $771.459-771.459 million, compared to the consensus revenue estimate of $782.73 million.

13 equities research analysts have issued 12 month price objectives for Planet Fitness' shares. Their forecasts range from $69.00 to $100.00. On average, they anticipate Planet Fitness' stock price to reach $83.54 in the next year. This suggests a possible upside of 13.2% from the stock's current price. View Analyst Price Targets for Planet Fitness.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Planet Fitness in the last year. There are currently 3 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Planet Fitness.

News articles about PLNT stock have trended negative on Thursday, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Planet Fitness earned a coverage optimism score of -2.0 on InfoTrie's scale. They also gave news headlines 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 stock's share price in the next few days. View News Stories for Planet Fitness.

Planet Fitness saw a decrease in short interest during the month of February. As of February 14th, there was short interest totalling 4,370,000 shares, a decrease of 17.4% from the January 30th total of 5,290,000 shares. Based on an average daily volume of 1,010,000 shares, the short-interest ratio is presently 4.3 days. Approximately 5.4% of the shares of the company are short sold. View Planet Fitness' Current Options Chain.

Some companies that are related to Planet Fitness include Hilton Hotels (HLT), Luxottica Group (LUXTY), Panasonic (PCRFY), Rogers Communications (RCI), Liberty Broadband Corp Series C (LBRDK), Liberty Broadband Corp Series A (LBRDA), ANTA Sports Products (ANPDF), New Oriental Education & Tech Grp (EDU), UNICHARM CORP/S (UNICY), FOX (FOX), FOX (FOXA), Carnival (CCL), Royal Caribbean Cruises (RCL), DISH Network (DISH) and Toshiba (TOSYY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Planet Fitness investors own include Alibaba Group (BABA), NVIDIA (NVDA), Micron Technology (MU), Netflix (NFLX), Walt Disney (DIS), Paypal (PYPL), Canopy Growth (CGC), Lululemon Athletica (LULU), Trade Desk (TTD) and Mastercard (MA).

(PLNT) raised $202 million in an initial public offering 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.

Planet Fitness' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include FMR LLC (6.35%), Alliancebernstein L.P. (3.04%), Pelham Capital Ltd. (2.46%), William Blair Investment Management LLC (1.66%), Eagle Asset Management Inc. (1.36%) and Bank of New York Mellon Corp (1.30%). 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 Massachusetts Financial Services Co. MA, Jennison Associates LLC, Bank of New York Mellon Corp, Fred Alger Management LLC, Great Lakes Advisors LLC, Cubist Systematic Strategies LLC, Bank of America Corp DE and FMR LLC. 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 bought by a variety of institutional investors in the last quarter, including William Blair Investment Management LLC, Pelham Capital Ltd., Franklin Resources Inc., Chicago Capital LLC, Russell Investments Group Ltd., Eaton Vance Management, Victory Capital Management Inc. and Marshall Wace LLP. 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 $73.82.

Planet Fitness has a market capitalization of $6.67 billion and generates $688.80 million in revenue each year. The company earns $88.02 million in net income (profit) each year or $1.59 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]