Planet Fitness (NYSE:PLNT) Issues FY 2026 Earnings Guidance

Planet Fitness (NYSE:PLNT) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 3.190-3.190 for the period, compared to the consensus EPS estimate of 3.370. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. TD Cowen decreased their price objective on shares of Planet Fitness from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Zacks Research downgraded shares of Planet Fitness from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd. William Blair restated an “outperform” rating on shares of Planet Fitness in a research report on Tuesday, January 13th. Macquarie Infrastructure decreased their price objective on shares of Planet Fitness from $112.00 to $100.00 and set a “neutral” rating on the stock in a research report on Thursday, January 29th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Planet Fitness from $120.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $109.27.

Planet Fitness Stock Down 0.4%

Shares of NYSE:PLNT opened at $64.07 on Thursday. Planet Fitness has a 52 week low of $62.38 and a 52 week high of $114.47. The stock has a market capitalization of $5.13 billion, a P/E ratio of 24.45, a PEG ratio of 1.12 and a beta of 1.12. The firm has a fifty day simple moving average of $73.99 and a two-hundred day simple moving average of $91.54.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.11. Planet Fitness had a net margin of 16.55% and a negative return on equity of 97.97%. The business had revenue of $337.24 million during the quarter, compared to analysts’ expectations of $298.60 million. Planet Fitness has set its FY 2026 guidance at 3.190-3.190 EPS. On average, analysts expect that Planet Fitness will post 3.38 earnings per share for the current year.

Hedge Funds Weigh In On Planet Fitness

Large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in shares of Planet Fitness by 184.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock worth $36,000 after purchasing an additional 214 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Planet Fitness during the 4th quarter worth about $41,000. Danske Bank A S purchased a new position in shares of Planet Fitness during the 3rd quarter worth about $52,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Planet Fitness by 6,588.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 602 shares of the company’s stock worth $62,000 after purchasing an additional 593 shares during the period. Finally, Parallel Advisors LLC boosted its stake in shares of Planet Fitness by 300.9% during the 4th quarter. Parallel Advisors LLC now owns 930 shares of the company’s stock worth $101,000 after purchasing an additional 698 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

Planet Fitness Company Profile

Planet Fitness, Inc is a franchisor and operator of fitness centers based in Hampton, New Hampshire. Established in 1992, the company designs and equips its clubs to offer a non-intimidating workout environment, often marketed under its “Judgment Free Zone” philosophy. Planet Fitness markets affordable membership plans and a variety of cardio and strength-training equipment, positioning itself to attract casual and first-time gym users.

The company operates through a network of franchised and company-owned clubs.