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 declared that its board has approved a share repurchase plan on Friday, February 23rd 2018, which allows the company to repurchase $80,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often 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 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.01. The business earned $166.82 million during 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 business's revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the company 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 will be holding an earnings conference call on Tuesday, February 25th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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

13 brokerages have issued 1 year price targets for Planet Fitness' shares. Their forecasts range from $60.00 to $90.00. On average, they anticipate Planet Fitness' stock price to reach $80.31 in the next twelve months. This suggests that the stock has a possible downside of 8.3%. 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.

Headlines about PLNT stock have been trending extremely negative recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Planet Fitness earned a daily sentiment score of -4.2 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Planet Fitness.

Planet Fitness saw a decline in short interest in the month of January. As of January 15th, there was short interest totalling 5,170,000 shares, a decline of 17.3% from the December 31st total of 6,250,000 shares. Based on an average trading volume of 1,140,000 shares, the short-interest ratio is currently 4.5 days. Approximately 6.3% of the company's shares are sold short. 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), Royal Caribbean Cruises (RCL), FOX (FOXA), Carnival (CCL), FOX (FOX), New Oriental Education & Tech Grp (EDU), UNICHARM CORP/S (UNICY), DISH Network (DISH) 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), Paypal (PYPL), Canopy Growth (CGC), Walt Disney (DIS), Twilio (TWLO), Lululemon Athletica (LULU) and Trade Desk (TTD).

(PLNT) raised $202 million in an initial public offering 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 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 many different of retail and institutional 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 $87.56.

Planet Fitness has a market capitalization of $7.91 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]