Planet Fitness (NYSE:PLNT) Releases FY 2025 Earnings Guidance

Planet Fitness (NYSE:PLNT) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 3.000-3.030 for the period, compared to the consensus EPS estimate of 2.930. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PLNT shares. Stifel Nicolaus set a $125.00 price target on shares of Planet Fitness in a research report on Thursday. Morgan Stanley lifted their price objective on Planet Fitness from $112.00 to $119.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Weiss Ratings reissued a “buy (b-)” rating on shares of Planet Fitness in a research report on Wednesday, October 8th. Jefferies Financial Group restated a “buy” rating on shares of Planet Fitness in a research note on Wednesday, September 24th. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Planet Fitness in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.36.

Planet Fitness Stock Performance

Shares of Planet Fitness stock traded up $11.38 during midday trading on Thursday, hitting $103.08. The company had a trading volume of 4,043,610 shares, compared to its average volume of 1,393,252. Planet Fitness has a 52-week low of $87.72 and a 52-week high of $114.47. The stock has a market capitalization of $8.68 billion, a P/E ratio of 45.81, a P/E/G ratio of 2.11 and a beta of 1.37. The company has a 50 day moving average of $98.63 and a 200 day moving average of $102.63.

Planet Fitness (NYSE:PLNT) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.72 by $0.08. The company had revenue of $330.35 million for the quarter, compared to the consensus estimate of $323.95 million. Planet Fitness had a net margin of 15.11% and a negative return on equity of 110.18%. Planet Fitness’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 EPS. Planet Fitness has set its FY 2025 guidance at 3.000-3.030 EPS. Equities research analysts forecast that Planet Fitness will post 2.51 EPS for the current year.

Institutional Trading of Planet Fitness

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its stake in shares of Planet Fitness by 184.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock worth $36,000 after acquiring an additional 214 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Planet Fitness by 1,348.6% during the 2nd quarter. NewEdge Advisors LLC now owns 1,550 shares of the company’s stock valued at $169,000 after buying an additional 1,443 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. purchased a new position in Planet Fitness during the second quarter valued at approximately $218,000. Oxford Asset Management LLP bought a new position in shares of Planet Fitness in the second quarter worth approximately $221,000. Finally, Jump Financial LLC bought a new position in shares of Planet Fitness in the second quarter worth approximately $267,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

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.