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 stock repurchase program on Friday, February 23rd 2018, which allows the company to buyback $80,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign 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 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.35 by $0.01. The business earned $166.82 million during the quarter, compared to analyst estimates of $162.26 million. Planet Fitness had a negative return on equity of 37.57% and a net margin of 16.80%. Planet Fitness's quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.28 earnings per share. 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 updated its FY 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share (EPS) 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.

12 brokers have issued 1 year price objectives for Planet Fitness' shares. Their forecasts range from $60.00 to $90.00. On average, they anticipate Planet Fitness' stock price to reach $79.50 in the next twelve months. This suggests a possible upside of 1.4% 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.

Press coverage about PLNT stock has trended somewhat negative on Friday, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Planet Fitness earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave media stories about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the next several days. View News Stories for Planet Fitness.

Planet Fitness saw a drop in short interest in December. As of December 31st, there was short interest totalling 5,170,000 shares, a drop of 17.3% from the December 15th total of 6,250,000 shares. Based on an average trading volume of 1,150,000 shares, the days-to-cover ratio is currently 4.5 days. Currently, 6.3% of the shares of the company are short sold. View Planet Fitness' Current Options Chain.

Some companies that are related to Planet Fitness include TAL Education Group (TAL), Luxottica Group (LUXTY), Royal Caribbean Cruises (RCL), ANTA Sports Products (ANPDF), Carnival (CCL), Rogers Communications (RCI), Panasonic (PCRFY), FOX (FOX), Liberty Broadband Corp Series C (LBRDK), Liberty Broadband Corp Series A (LBRDA), FOX (FOXA), Toshiba (TOSYY), UNICHARM CORP/S (UNICY), Discovery Inc Series B (DISCB) and Trip.com Group (TCOM).

Based on aggregate information from My MarketBeat watchlists, some companies that other Planet Fitness investors own include NVIDIA (NVDA), Paypal (PYPL), Alibaba Group (BABA), Micron Technology (MU), Canopy Growth (CGC), Netflix (NFLX), Walt Disney (DIS), Boeing (BA), Twilio (TWLO) and Square (SQ).

(PLNT) raised $202 million in an 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 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 variety of of institutional and retail investors. Top institutional shareholders include Artemis Investment Management LLP (1.08%), Chicago Capital LLC (0.35%), Calamos Advisors LLC (0.08%), KAMES CAPITAL plc (0.08%), Three Peaks Capital Management LLC (0.06%) and Strs Ohio (0.04%). 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 Tocqueville Asset Management L.P., Three Peaks Capital Management LLC, Steward Partners Investment Advisory LLC and Executive Wealth Management 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 purchased by a variety of institutional investors in the last quarter, including Chicago Capital LLC, Strs Ohio, KAMES CAPITAL plc, Calamos Advisors LLC, Artemis Investment Management LLP, Tributary Capital Management LLC, Janney Montgomery Scott LLC and Covenant Asset Management LLC. 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 $78.40.

Planet Fitness has a market capitalization of $7.08 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]