Planet Fitness Inc (NYSE:PLNT) – Research analysts at Imperial Capital raised their FY2019 earnings per share (EPS) estimates for Planet Fitness in a research report issued on Tuesday, November 12th. Imperial Capital analyst G. Kelly now anticipates that the company will earn $1.56 per share for the year, up from their prior forecast of $1.55. Imperial Capital has a “Outperform” rating and a $80.00 price target on the stock. Imperial Capital also issued estimates for Planet Fitness’ Q1 2020 earnings at $0.44 EPS, Q2 2020 earnings at $0.51 EPS, Q3 2020 earnings at $0.41 EPS, Q4 2020 earnings at $0.61 EPS, FY2020 earnings at $1.97 EPS and FY2021 earnings at $2.28 EPS.
Planet Fitness (NYSE:PLNT) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Planet Fitness had a net margin of 16.80% and a negative return on equity of 40.02%. The company had revenue of $166.82 million for the quarter, compared to analysts’ expectations of $162.26 million. During the same quarter in the previous year, the firm posted $0.28 EPS. Planet Fitness’s revenue was up 22.1% on a year-over-year basis.
PLNT opened at $71.03 on Wednesday. The company has a fifty day moving average price of $60.93 and a 200-day moving average price of $70.50. The firm has a market capitalization of $6.52 billion, a P/E ratio of 58.22, a price-to-earnings-growth ratio of 1.92 and a beta of 0.63. Planet Fitness has a one year low of $48.00 and a one year high of $81.90.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Aperio Group LLC lifted its holdings in Planet Fitness by 4.7% during the 2nd quarter. Aperio Group LLC now owns 16,832 shares of the company’s stock valued at $1,219,000 after buying an additional 755 shares in the last quarter. Cetera Advisors LLC bought a new stake in shares of Planet Fitness in the 2nd quarter valued at about $332,000. Atria Investments LLC bought a new stake in shares of Planet Fitness in the 2nd quarter valued at about $294,000. BBT Capital Management LLC bought a new stake in shares of Planet Fitness in the 2nd quarter valued at about $231,000. Finally, Allianz Asset Management GmbH raised its holdings in shares of Planet Fitness by 96.0% in the 2nd quarter. Allianz Asset Management GmbH now owns 150,217 shares of the company’s stock valued at $10,882,000 after purchasing an additional 73,573 shares in the last quarter. Institutional investors own 87.75% 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 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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