Planet Fitness - PLNT Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Planet Fitness in the last year. There are currently 3 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" PLNT shares.
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13 Wall Street analysts have issued 12-month price objectives for Planet Fitness' stock. Their PLNT share price forecasts range from $70.00 to $130.00. On average, they anticipate the company's stock price to reach $92.64 in the next year. This suggests a possible upside of 62.6% from the stock's current price.
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Planet Fitness' stock was trading at $90.58 at the start of the year. Since then, PLNT stock has decreased by 37.1% and is now trading at $56.96.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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Planet Fitness, Inc. (NYSE:PLNT) released its quarterly earnings results on Tuesday, August, 9th. The company reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38. The business had revenue of $224.40 million for the quarter, compared to the consensus estimate of $230.13 million. Planet Fitness had a net margin of 8.28% and a negative trailing twelve-month return on equity of 24.38%. The business's revenue was up 63.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 earnings per share.

Planet Fitness issued an update on its FY22 earnings guidance on Tuesday, August, 9th. The company provided earnings per share guidance of ~$1.52-1.53 for the period, compared to the consensus EPS estimate of $1.55. The company issued revenue guidance of ~$910-915 million, compared to the consensus revenue estimate of $914.67 million.

615 employees have rated Planet Fitness Chief Executive Officer Chris Rondeau on Glassdoor.com. Chris Rondeau has an approval rating of 68% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Planet Fitness investors own include NVIDIA (NVDA), Alibaba Group (BABA), Walt Disney (DIS), Micron Technology (MU), PayPal (PYPL), Advanced Micro Devices (AMD), Tesla (TSLA), Salesforce (CRM), JPMorgan Chase & Co. (JPM) and Netflix (NFLX).

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

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

Shares of PLNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PLNT stock can currently be purchased for approximately $56.96.

Planet Fitness (NYSE:PLNT) has a market capitalization of $5.19 billion and generates $587.02 million in revenue each year. The company earns $42.77 million in net income (profit) each year or $0.73 on an earnings per share basis.

The company employs 1,774 workers across the globe.

Planet Fitness' mailing address is 4 LIBERTY LANE WEST, HAMPTON NH, 03842. The official website for the company is www.planetfitness.com. The company can be reached via phone at (603) 750-0001 or via email at investor@planetfitness.com.