NYSE:PLNT - Planet Fitness Stock Price, Forecast & News

Planet Fitness' stock was trading at $57.00 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PLNT stock has decreased by 25.7% and is now trading at $42.34. View which stocks have been mosted impacted by Coronavirus.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Planet Fitness in the last year. There are currently 2 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Planet Fitness.

Planet Fitness is scheduled to release its next quarterly earnings announcement on Thursday, May 7th 2020. View our earnings forecast for Planet Fitness.

Planet Fitness Inc (NYSE:PLNT) announced its earnings results on Tuesday, February, 25th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm earned $191.51 million during the quarter, compared to analyst estimates of $188.75 million. Planet Fitness had a net margin of 17.09% and a negative return on equity of 32.33%. View Planet Fitness' earnings history.

Planet Fitness issued an update on 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.

13 brokerages have issued 12-month price objectives for Planet Fitness' shares. Their forecasts range from $50.00 to $100.00. On average, they anticipate Planet Fitness' share price to reach $81.75 in the next twelve months. This suggests a possible upside of 93.1% from the stock's current price. View analysts' price targets for Planet Fitness.

News articles about PLNT stock have been trending very negative this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Planet Fitness earned a coverage optimism score of -3.3 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutPlanet Fitness.

Planet Fitness saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 6,927,100 shares, an increase of 75.4% from the February 27th total of 3,950,000 shares. Based on an average trading volume of 1,220,000 shares, the days-to-cover ratio is presently 5.7 days. Currently, 8.9% of the shares of the company are short sold. View Planet Fitness' Current Options Chain.

Some companies that are related to Planet Fitness include New Oriental Education & Tech Grp (EDU), FOX (FOXA), Discovery Inc Series B (DISCB), FOX (FOX), Toshiba (TOSYY), SMC (SMNNY), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), IQIYI (IQ), Trip.com Group (TCOM), Liberty Global (LBTYB), DISH Network (DISH), Roku (ROKU), Viacom (VIA), Discovery Communications (DISCA) and Liberty Global (LBTYA).

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), Walt Disney (DIS), Netflix (NFLX), Trade Desk (TTD), Paypal (PYPL), Canopy Growth (CGC), Advanced Micro Devices (AMD) and Lululemon Athletica (LULU).

(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 acted 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 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 $42.34.

Planet Fitness has a market capitalization of $3.69 billion and generates $688.80 million in revenue each year. The company earns $117.69 million in net income (profit) each year or $1.59 on an earnings per share basis. Planet Fitness employs 1,464 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]