Brokerages Expect Planet Fitness, Inc. (NYSE:PLNT) Will Post Earnings of $0.27 Per Share

Equities research analysts expect Planet Fitness, Inc. (NYSE:PLNT – Get Rating) to report earnings per share (EPS) of $0.27 for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for Planet Fitness’ earnings. The highest EPS estimate is $0.33 and the lowest is $0.15. Planet Fitness reported earnings of $0.10 per share during the same quarter last year, which would indicate a positive year over year growth rate of 170%. The company is scheduled to report its next earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Planet Fitness will report full-year earnings of $1.52 per share for the current fiscal year, with EPS estimates ranging from $1.47 to $1.55. For the next year, analysts anticipate that the firm will post earnings of $2.16 per share, with EPS estimates ranging from $2.00 to $2.46. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Planet Fitness.

Planet Fitness (NYSE:PLNT – Get Rating) last posted its quarterly earnings results on Thursday, February 24th. The company reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $183.60 million for the quarter, compared to analyst estimates of $179.03 million. Planet Fitness had a negative return on equity of 10.63% and a net margin of 7.29%. Planet Fitness’s quarterly revenue was up 37.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 earnings per share.

Several brokerages have weighed in on PLNT. Cowen raised Planet Fitness to a “hold” rating and upped their target price for the stock from $100.00 to $110.00 in a research report on Wednesday, January 12th. JPMorgan Chase & Co. upped their target price on Planet Fitness from $88.00 to $90.00 in a research report on Friday, January 14th. TheStreet lowered Planet Fitness from a “b-” rating to a “c” rating in a research report on Thursday, February 24th. Evercore ISI started coverage on Planet Fitness in a research note on Monday, March 14th. They set an “outperform” rating and a $130.00 price target for the company. Finally, DA Davidson upped their price target on Planet Fitness from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, January 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Planet Fitness currently has an average rating of “Buy” and an average price target of $101.17.

Institutional investors and hedge funds have recently modified their holdings of the company. Oppenheimer Asset Management Inc. raised its holdings in shares of Planet Fitness by 26.2% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 14,043 shares of the company’s stock worth $1,272,000 after buying an additional 2,913 shares in the last quarter. WCM Investment Management LLC raised its holdings in shares of Planet Fitness by 9.3% in the 4th quarter. WCM Investment Management LLC now owns 194,583 shares of the company’s stock worth $17,625,000 after buying an additional 16,531 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of Planet Fitness by 44.4% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 65,403 shares of the company’s stock worth $5,137,000 after buying an additional 20,106 shares in the last quarter. Soroban Capital Partners LP raised its holdings in shares of Planet Fitness by 938.3% in the 3rd quarter. Soroban Capital Partners LP now owns 3,196,044 shares of the company’s stock worth $251,049,000 after buying an additional 2,888,217 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in Planet Fitness during the 3rd quarter valued at $657,000. 98.33% of the stock is owned by institutional investors and hedge funds.

NYSE:PLNT opened at $80.03 on Monday. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of 153.91, a PEG ratio of 2.69 and a beta of 1.19. Planet Fitness has a 1-year low of $67.89 and a 1-year high of $99.60. The business’s fifty day moving average price is $83.71 and its 200 day moving average price is $86.09.

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.

Featured Stories