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 announced that its Board of Directors has initiated a share repurchase program on Friday, February 23rd 2018, which authorizes the company to buyback $80,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Planet Fitness Inc (NYSE:PLNT) announced its quarterly earnings data on Thursday, November, 7th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.35 by $0.01. The firm had revenue of $166.82 million for 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 revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the business 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 updated 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 EPS 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 12 month price targets for Planet Fitness' shares. Their forecasts range from $60.00 to $90.00. On average, they expect Planet Fitness' stock price to reach $79.50 in the next year. This suggests that the stock has a possible downside of 0.3%. 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.

News coverage about PLNT stock has trended very negative on Sunday, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Planet Fitness earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few 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 daily trading volume, of 1,150,000 shares, the short-interest ratio is presently 4.5 days. Currently, 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 Royal Caribbean Cruises (RCL), ANTA Sports Products (ANPDF), Luxottica Group (LUXTY), Carnival (CCL), Rogers Communications (RCI), Panasonic (PCRFY), FOX (FOXA), FOX (FOX), Liberty Broadband Corp Series C (LBRDK), Liberty Broadband Corp Series A (LBRDA), Toshiba (TOSYY), Trip.com Group (TCOM), UNICHARM CORP/S (UNICY), New Oriental Education & Tech Grp (EDU) and Discovery Inc Series B (DISCB).

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

(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 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 a number of of institutional and retail investors. Top institutional investors include Artemis Investment Management LLP (1.08%), Chicago Capital LLC (0.35%), Calamos Advisors LLC (0.08%), Three Peaks Capital Management LLC (0.06%), Tributary Capital Management LLC (0.02%) and OLD National Bancorp IN (0.01%). 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 and Steward Partners Investment Advisory 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, Calamos Advisors LLC, Artemis Investment Management LLP, Tributary Capital Management LLC, OLD National Bancorp IN and Patten & Patten Inc. TN. 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 $79.75.

Planet Fitness has a market capitalization of $7.21 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]