Planet Fitness (NYSE:PLNT) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Planet Fitness (NYSE:PLNT) announced its quarterly earnings results on Tuesday. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.08, Zacks reports. The firm had revenue of $340.50 million during the quarter, compared to analysts’ expectations of $324.57 million. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. The company’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 EPS. Planet Fitness updated its FY 2025 guidance to 2.870-2.900 EPS and its FY25 guidance to $2.87-2.90 EPS.

Planet Fitness Stock Performance

NYSE PLNT opened at $89.66 on Wednesday. The firm has a market cap of $7.58 billion, a price-to-earnings ratio of 48.20, a PEG ratio of 2.45 and a beta of 1.53. The firm has a 50 day simple moving average of $102.57 and a 200-day simple moving average of $92.25. Planet Fitness has a one year low of $54.35 and a one year high of $110.00.

Analysts Set New Price Targets

PLNT has been the topic of a number of analyst reports. Raymond James lifted their price objective on shares of Planet Fitness from $92.00 to $110.00 and gave the stock a “strong-buy” rating in a research report on Friday, November 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $120.00 target price on shares of Planet Fitness in a research note on Monday. DA Davidson reiterated a “neutral” rating and issued a $87.00 price objective on shares of Planet Fitness in a research report on Tuesday, January 21st. Stifel Nicolaus raised their price objective on Planet Fitness from $85.00 to $90.00 and gave the company a “hold” rating in a report on Friday, January 17th. Finally, Morgan Stanley boosted their price target on Planet Fitness from $84.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. 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 company. Based on data from MarketBeat, Planet Fitness has an average rating of “Moderate Buy” and an average 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.