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.
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.
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