Planet Fitness (NYSE:PLNT) Issues FY25 Earnings Guidance

Planet Fitness (NYSE:PLNT) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.87-2.90 for the period, compared to the consensus EPS estimate of $2.94. The company issued revenue guidance of ~$1.30 billion, compared to the consensus revenue estimate of $1.28 billion. Planet Fitness also updated its FY 2025 guidance to 2.870-2.900 EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on PLNT shares. Robert W. Baird increased their price objective on shares of Planet Fitness from $92.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Raymond James raised 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 note on Friday, November 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $120.00 target price on shares of Planet Fitness in a research note on Monday. Piper Sandler increased their target price on Planet Fitness from $115.00 to $123.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. boosted their price target on Planet Fitness from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $97.69.

Planet Fitness Stock Up 2.8 %

Shares of PLNT opened at $99.63 on Tuesday. Planet Fitness has a fifty-two week low of $54.35 and a fifty-two week high of $110.00. The company’s fifty day moving average is $102.82 and its two-hundred day moving average is $92.17. The firm has a market cap of $8.43 billion, a PE ratio of 53.56, a price-to-earnings-growth ratio of 2.45 and a beta of 1.53.

Planet Fitness (NYSE:PLNT) last issued its earnings results on Tuesday, February 25th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.08. The firm had revenue of $340.50 million for the quarter, compared to analysts’ expectations of $324.57 million. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 earnings per share. As a group, equities research analysts anticipate that Planet Fitness will post 2.51 earnings per share for the current year.

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.