Planet Fitness (NYSE:PLNT) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Planet Fitness (NYSE:PLNT) released its quarterly earnings data on Tuesday. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.08, Zacks reports. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The business had revenue of $340.50 million during the quarter, compared to analyst estimates of $324.57 million. During the same quarter in the previous year, the firm posted $0.60 EPS. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. Planet Fitness updated its FY 2025 guidance to 2.870-2.900 EPS and its FY25 guidance to $2.87-2.90 EPS.

Planet Fitness Stock Performance

Planet Fitness stock opened at $94.35 on Tuesday. The company has a 50 day moving average price of $102.82 and a 200 day moving average price of $92.17. Planet Fitness has a 52 week low of $54.35 and a 52 week high of $110.00. The firm has a market capitalization of $7.98 billion, a price-to-earnings ratio of 49.92, a P/E/G ratio of 2.45 and a beta of 1.53.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Macquarie restated a “neutral” rating and set a $99.00 price target (up previously from $91.00) on shares of Planet Fitness in a research report on Friday, November 8th. JPMorgan Chase & Co. upped their target price on shares of Planet Fitness from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $120.00 price target on shares of Planet Fitness in a report on Monday. Piper Sandler raised their target price on Planet Fitness from $115.00 to $123.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Finally, Stifel Nicolaus lifted their target price on Planet Fitness from $85.00 to $90.00 and gave the company a “hold” rating in a research note on Friday, January 17th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $97.69.

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.