Planet Fitness (NYSE:PLNT) issued its quarterly earnings results on Thursday. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01, Briefing.com reports. The company had revenue of $166.82 million for the quarter, compared to analyst estimates of $162.26 million. Planet Fitness had a negative return on equity of 46.45% and a net margin of 16.29%. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 earnings per share. Planet Fitness updated its FY19 guidance to ~$1.56 EPS.
PLNT traded up $5.71 on Friday, hitting $68.42. 4,475,984 shares of the company were exchanged, compared to its average volume of 1,423,953. Planet Fitness has a 12 month low of $48.00 and a 12 month high of $81.90. The company has a market cap of $5.55 billion, a PE ratio of 56.08, a PEG ratio of 1.69 and a beta of 0.63. The stock’s fifty day moving average is $60.22 and its 200-day moving average is $70.59.
A number of analysts have recently commented on the company. Berenberg Bank lowered Planet Fitness from a “buy” rating to a “hold” rating and cut their price target for the company from $80.00 to $69.00 in a report on Tuesday, September 3rd. Zacks Investment Research lowered Planet Fitness from a “hold” rating to a “strong sell” rating and set a $63.00 price target on the stock. in a report on Wednesday. Roth Capital cut their price target on Planet Fitness from $86.00 to $75.00 and set a “buy” rating on the stock in a report on Friday. Imperial Capital upgraded Planet Fitness from an “in-line” rating to an “outperform” rating and set a $72.50 price target on the stock in a report on Monday, October 14th. Finally, ValuEngine lowered Planet Fitness from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. Planet Fitness presently has a consensus rating of “Buy” and an average price target of $76.50.
Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness name. It operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, the Dominican Republic, and Panama.
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