Planet Fitness (NYSE:PLNT) Announces Earnings Results

Planet Fitness (NYSE:PLNT) released its earnings results on Tuesday. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.62 by $0.08, Zacks reports. The company had revenue of $340.50 million during the quarter, compared to analysts’ expectations of $324.57 million. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. The business’s revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the business earned $0.60 EPS. Planet Fitness updated its FY 2025 guidance to 2.870-2.900 EPS and its FY25 guidance to $2.87-2.90 EPS.

Planet Fitness Stock Down 8.1 %

Shares of PLNT traded down $8.02 on Tuesday, hitting $91.22. 641,209 shares of the stock traded hands, compared to its average volume of 1,438,675. The firm has a market capitalization of $7.72 billion, a P/E ratio of 49.72, a P/E/G ratio of 2.45 and a beta of 1.53. Planet Fitness has a 1 year low of $54.35 and a 1 year high of $110.00. The stock’s 50 day moving average is $102.82 and its two-hundred day moving average is $92.17.

Wall Street Analyst Weigh In

Several analysts have recently commented on PLNT shares. DA Davidson reissued a “neutral” rating and issued a $87.00 price target on shares of Planet Fitness in a report on Tuesday, January 21st. Raymond James lifted their price objective on Planet Fitness from $92.00 to $110.00 and gave the stock a “strong-buy” rating in a report on Friday, November 8th. JPMorgan Chase & Co. boosted their target price on Planet Fitness from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Piper Sandler raised their price target on Planet Fitness from $115.00 to $123.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $120.00 price objective on shares of Planet Fitness in a research report on Monday. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $97.69.

About Planet Fitness

Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. The company operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The company is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia.