William Blair Predicts Weaker Earnings for Planet Fitness

Planet Fitness, Inc. (NYSE:PLNT) – Equities research analysts at William Blair decreased their FY2025 earnings per share (EPS) estimates for Planet Fitness in a research report issued to clients and investors on Tuesday, February 25th. William Blair analyst S. Zackfia now forecasts that the company will earn $2.90 per share for the year, down from their prior forecast of $2.95. The consensus estimate for Planet Fitness’ current full-year earnings is $2.51 per share.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.70 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $324.57 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year.

Several other equities analysts have also weighed in on PLNT. Raymond James boosted their target price on shares of Planet Fitness from $92.00 to $110.00 and gave the company a “strong-buy” rating in a report on Friday, November 8th. Roth Mkm reiterated a “buy” rating and issued a $115.00 price objective (up from $110.00) on shares of Planet Fitness in a report on Wednesday. Piper Sandler increased their price objective on Planet Fitness from $115.00 to $123.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. 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 report on Friday, January 17th. Finally, JPMorgan Chase & Co. increased their price target on Planet Fitness from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $99.47.

Planet Fitness Trading Up 1.0 %

Shares of PLNT opened at $91.56 on Friday. Planet Fitness has a 12-month low of $54.35 and a 12-month high of $110.00. The firm has a market capitalization of $7.75 billion, a P/E ratio of 49.22, a P/E/G ratio of 2.45 and a beta of 1.53. The firm has a 50-day moving average price of $102.28 and a 200 day moving average price of $92.23.

Institutional Investors Weigh In On Planet Fitness

Large investors have recently bought and sold shares of the stock. Corient Private Wealth LLC grew its position in shares of Planet Fitness by 2.1% during the fourth quarter. Corient Private Wealth LLC now owns 4,623 shares of the company’s stock worth $457,000 after buying an additional 94 shares in the last quarter. M&T Bank Corp grew its holdings in Planet Fitness by 2.6% during the 3rd quarter. M&T Bank Corp now owns 4,947 shares of the company’s stock worth $402,000 after acquiring an additional 124 shares in the last quarter. Verdence Capital Advisors LLC increased its position in shares of Planet Fitness by 4.5% in the 3rd quarter. Verdence Capital Advisors LLC now owns 3,047 shares of the company’s stock valued at $247,000 after purchasing an additional 132 shares during the last quarter. Cetera Trust Company N.A raised its holdings in shares of Planet Fitness by 5.2% in the 4th quarter. Cetera Trust Company N.A now owns 2,710 shares of the company’s stock valued at $268,000 after purchasing an additional 135 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in shares of Planet Fitness by 67.4% during the 4th quarter. UMB Bank n.a. now owns 390 shares of the company’s stock worth $39,000 after purchasing an additional 157 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

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.