Planet Fitness (PLNT) Projected to Post Earnings on Tuesday

Planet Fitness (NYSE:PLNT) is expected to be posting its quarterly earnings results before the market opens on Tuesday, February 25th. Analysts expect Planet Fitness to post earnings of $0.62 per share and revenue of $324.57 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Planet Fitness Trading Down 2.7 %

Shares of PLNT opened at $101.07 on Tuesday. The stock has a market capitalization of $8.55 billion, a price-to-earnings ratio of 54.34, a PEG ratio of 2.68 and a beta of 1.53. Planet Fitness has a 12 month low of $54.35 and a 12 month high of $110.00. The firm has a fifty day simple moving average of $102.93 and a 200 day simple moving average of $91.32.

Analyst Ratings Changes

PLNT has been the topic of a number of recent research reports. Macquarie reaffirmed a “neutral” rating and issued a $99.00 target price (up previously from $91.00) on shares of Planet Fitness in a research report on Friday, November 8th. Stifel Nicolaus upped their price objective on Planet Fitness from $85.00 to $90.00 and gave the stock a “hold” rating in a research note on Friday, January 17th. Royal Bank of Canada reissued an “outperform” rating and issued a $120.00 target price on shares of Planet Fitness in a research note on Wednesday, January 15th. DA Davidson reaffirmed a “neutral” rating and set a $87.00 price target on shares of Planet Fitness in a research report on Tuesday, January 21st. Finally, Piper Sandler increased their price target on shares of Planet Fitness from $115.00 to $123.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $97.69.

About Planet Fitness

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.