Planet Fitness (NYSE:PLNT) Releases FY 2025 Earnings Guidance

Planet Fitness (NYSE:PLNT) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 2.870-2.900 for the period, compared to the consensus estimate of 2.930. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion. Planet Fitness also updated its FY25 guidance to $2.87-2.90 EPS.

Wall Street Analysts Forecast Growth

PLNT has been the subject of a number of recent analyst reports. DA Davidson restated a “neutral” rating and set a $87.00 price target on shares of Planet Fitness in a report on Tuesday, January 21st. Piper Sandler boosted their target price on shares of Planet Fitness from $115.00 to $123.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Roth Mkm restated a “buy” rating and set a $115.00 price objective (up previously from $110.00) on shares of Planet Fitness in a report on Wednesday. JPMorgan Chase & Co. increased their target price on shares of Planet Fitness from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, Macquarie reaffirmed a “neutral” rating and issued a $99.00 price target (up previously from $91.00) on shares of Planet Fitness in a report on Friday, November 8th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Planet Fitness currently has an average rating of “Moderate Buy” and an average target price of $99.71.

Planet Fitness Stock Up 1.0 %

PLNT stock traded up $0.87 during midday trading on Thursday, reaching $91.49. 923,190 shares of the company’s stock traded hands, compared to its average volume of 1,597,146. The company has a 50-day simple moving average of $102.44 and a two-hundred day simple moving average of $92.24. Planet Fitness has a 1-year low of $54.35 and a 1-year high of $110.00. The company has a market cap of $7.74 billion, a price-to-earnings ratio of 49.19, a PEG ratio of 2.45 and a beta of 1.53.

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

Planet Fitness Company Profile

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.