Planet Fitness (NYSE:PLNT) Releases FY25 Earnings Guidance

Planet Fitness (NYSE:PLNT) updated its FY25 earnings guidance on Tuesday. The company provided EPS guidance of $2.87-2.90 for the period, compared to the consensus EPS estimate of $2.94. The company issued revenue guidance of ~$1.30 billion, compared to the consensus revenue estimate of $1.28 billion. Planet Fitness also updated its FY 2025 guidance to 2.870-2.900 EPS.

Analyst Ratings Changes

Several research analysts recently weighed in on PLNT shares. Raymond James upped their target price on shares of 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. upped their price objective on Planet Fitness from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Stifel Nicolaus lifted their target price on Planet Fitness from $85.00 to $90.00 and gave the company a “hold” rating in a research note on Friday, January 17th. Macquarie reissued a “neutral” rating and issued a $99.00 price target (up from $91.00) on shares of Planet Fitness in a report on Friday, November 8th. Finally, DA Davidson reiterated a “neutral” rating and set a $87.00 price objective on shares of Planet Fitness in a research report on Tuesday, January 21st. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Planet Fitness presently has an average rating of “Moderate Buy” and an average target price of $97.69.

Planet Fitness Stock Down 8.2 %

PLNT traded down $8.10 on Tuesday, hitting $91.14. The company had a trading volume of 2,364,362 shares, compared to its average volume of 1,487,900. Planet Fitness has a 12-month low of $54.35 and a 12-month high of $110.00. The business’s fifty day simple moving average is $102.82 and its 200 day simple moving average is $92.17. The company has a market cap of $7.71 billion, a PE ratio of 49.23, a PEG ratio of 2.45 and a beta of 1.53.

Planet Fitness (NYSE:PLNT) last released its earnings results on Tuesday, February 25th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.08. The firm had revenue of $340.50 million for the quarter, compared to the consensus estimate of $324.57 million. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. On average, analysts anticipate that Planet Fitness will post 2.51 earnings per share for the current fiscal year.

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.