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) announced its quarterly earnings results on Tuesday, February, 25th. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.03. The business earned $191.51 million during the quarter, compared to analysts' expectations of $188.75 million. Planet Fitness had a net margin of 17.09% and a negative return on equity of 39.70%. 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 updated its FY 2020 After-Hours earnings guidance on Tuesday, February, 25th. The company provided EPS guidance of 1.84-1.84 for the period, compared to the Thomson Reuters consensus 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.

12 brokerages have issued twelve-month price targets for Planet Fitness' shares. Their forecasts range from $69.00 to $100.00. On average, they expect Planet Fitness' share price to reach $84.67 in the next twelve months. This suggests a possible upside of 24.3% 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.

Headlines about PLNT stock have trended extremely negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded 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 -4.4 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect 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 in 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 trading volume, of 1,010,000 shares, the short-interest ratio is currently 4.3 days. Currently, 5.4% of the shares of the stock are sold short. View Planet Fitness' Current Options Chain.

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

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 (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 institutional and retail investors. Top institutional investors 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 acquired 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 $68.11.

Planet Fitness has a market capitalization of $6.15 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]