Planet Fitness (PLNT) Scheduled to Post Quarterly Earnings on Tuesday

Planet Fitness (NYSE:PLNT) will be releasing its earnings data after the market closes on Tuesday, November 6th. Analysts expect Planet Fitness to post earnings of $0.24 per share for the quarter. Planet Fitness has set its FY18 guidance at $1.12 EPS.

Planet Fitness (NYSE:PLNT) last posted its quarterly earnings data on Thursday, August 9th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $140.55 million for the quarter, compared to analyst estimates of $130.99 million. Planet Fitness had a negative return on equity of 82.89% and a net margin of 11.68%. The business’s revenue was up 31.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 earnings per share. On average, analysts expect Planet Fitness to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Planet Fitness stock traded up $1.97 on Tuesday, reaching $47.60. The company’s stock had a trading volume of 508,856 shares, compared to its average volume of 1,333,118. The firm has a market cap of $4.60 billion, a P/E ratio of 56.66, a P/E/G ratio of 2.14 and a beta of 0.54. Planet Fitness has a twelve month low of $25.56 and a twelve month high of $55.35.

A number of research firms have commented on PLNT. Wedbush boosted their price objective on Planet Fitness from $35.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, August 10th. TheStreet raised Planet Fitness from a “c-” rating to a “b” rating in a research note on Monday, August 6th. DA Davidson boosted their price objective on Planet Fitness to $56.00 and gave the stock a “buy” rating in a research note on Monday, July 23rd. Guggenheim boosted their price objective on Planet Fitness from $55.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, September 24th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $60.00 price target on shares of Planet Fitness in a research note on Sunday, August 12th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $50.31.

In related news, CEO Christopher Rondeau sold 20,000 shares of the company’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $49.19, for a total value of $983,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Dorvin D. Lively sold 31,893 shares of the company’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $50.82, for a total value of $1,620,802.26. Following the completion of the sale, the chief financial officer now owns 31,893 shares of the company’s stock, valued at approximately $1,620,802.26. The disclosure for this sale can be found here. Insiders have sold 520,226 shares of company stock worth $26,271,812 in the last ninety days. 16.38% of the stock is currently owned by insiders.

About Planet Fitness

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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Earnings History for Planet Fitness (NYSE:PLNT)

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