Planet Fitness, Inc. (NYSE:PLNT) to Post Q1 2022 Earnings of $0.33 Per Share, William Blair Forecasts

Planet Fitness, Inc. (NYSE:PLNTGet Rating) – Equities research analysts at William Blair lowered their Q1 2022 earnings estimates for shares of Planet Fitness in a report released on Monday, April 25th. William Blair analyst S. Zackfia now anticipates that the company will post earnings per share of $0.33 for the quarter, down from their prior estimate of $0.35. William Blair also issued estimates for Planet Fitness’ Q4 2022 earnings at $0.49 EPS.

PLNT has been the topic of a number of other research reports. Evercore ISI started coverage on shares of Planet Fitness in a research report on Monday, March 14th. They set an “outperform” rating and a $130.00 price objective on the stock. Zacks Investment Research downgraded shares of Planet Fitness from a “hold” rating to a “strong sell” rating and set a $70.00 price objective on the stock. in a research report on Wednesday, March 2nd. Morgan Stanley increased their price objective on shares of Planet Fitness from $101.00 to $106.00 and gave the company an “overweight” rating in a research report on Wednesday, January 12th. Cowen upgraded shares of Planet Fitness to a “hold” rating and increased their price objective for the company from $100.00 to $110.00 in a research report on Wednesday, January 12th. Finally, StockNews.com started coverage on shares of Planet Fitness in a report on Thursday, March 31st. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $101.17.

Shares of NYSE PLNT opened at $79.75 on Wednesday. The firm’s 50 day moving average price is $84.45 and its 200-day moving average price is $86.07. The company has a market cap of $7.26 billion, a PE ratio of 153.37, a P/E/G ratio of 2.73 and a beta of 1.19. Planet Fitness has a 52-week low of $67.89 and a 52-week high of $99.60.

Planet Fitness (NYSE:PLNTGet Rating) last issued its earnings results on Thursday, February 24th. The company reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. The firm had revenue of $183.60 million for the quarter, compared to the consensus estimate of $179.03 million. Planet Fitness had a net margin of 7.29% and a negative return on equity of 10.63%. The business’s revenue was up 37.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.17 earnings per share.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Moors & Cabot Inc. purchased a new stake in shares of Planet Fitness in the third quarter worth $26,000. Liberty Wealth Management LLC increased its stake in shares of Planet Fitness by 388.6% in the third quarter. Liberty Wealth Management LLC now owns 342 shares of the company’s stock worth $29,000 after purchasing an additional 272 shares in the last quarter. Pinnacle Holdings LLC purchased a new stake in shares of Planet Fitness in the third quarter worth $30,000. Lazard Asset Management LLC bought a new position in shares of Planet Fitness during the fourth quarter worth $33,000. Finally, Manchester Capital Management LLC bought a new position in shares of Planet Fitness during the third quarter worth $35,000. 98.33% of the stock is owned by hedge funds and other institutional investors.

Planet Fitness Company Profile (Get Rating)

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

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Earnings History and Estimates for Planet Fitness (NYSE:PLNT)

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