Brokerages predict that Planet Fitness Inc (NYSE:PLNT) will report earnings per share of $0.35 for the current fiscal quarter, Zacks reports. Ten analysts have issued estimates for Planet Fitness’ earnings. The highest EPS estimate is $0.38 and the lowest is $0.32. Planet Fitness reported earnings per share of $0.28 in the same quarter last year, which would suggest a positive year-over-year growth rate of 25%. The firm is expected to announce its next quarterly earnings results on Tuesday, November 5th.
According to Zacks, analysts expect that Planet Fitness will report full-year earnings of $1.57 per share for the current financial year, with EPS estimates ranging from $1.54 to $1.62. For the next year, analysts forecast that the business will report earnings of $1.94 per share, with EPS estimates ranging from $1.84 to $2.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Planet Fitness.
Planet Fitness (NYSE:PLNT) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.04. The business had revenue of $181.66 million for the quarter, compared to analyst estimates of $167.91 million. Planet Fitness had a negative return on equity of 46.45% and a net margin of 16.29%. The business’s revenue was up 29.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS.
Shares of PLNT stock traded down $0.32 on Monday, hitting $69.49. 805,286 shares of the stock traded hands, compared to its average volume of 1,448,205. The company has a market capitalization of $6.38 billion, a PE ratio of 56.96, a PEG ratio of 2.02 and a beta of 0.59. Planet Fitness has a 1-year low of $44.97 and a 1-year high of $81.90. The company’s fifty day moving average is $75.40 and its 200 day moving average is $71.41.
Institutional investors and hedge funds have recently modified their holdings of the stock. Chartwell Investment Partners LLC lifted its stake in Planet Fitness by 159.8% in the 2nd quarter. Chartwell Investment Partners LLC now owns 76,879 shares of the company’s stock worth $5,569,000 after acquiring an additional 47,290 shares in the last quarter. HM Payson & Co. bought a new position in shares of Planet Fitness during the 2nd quarter worth approximately $47,000. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Planet Fitness by 18.8% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,601 shares of the company’s stock worth $559,000 after buying an additional 1,201 shares during the period. United Services Automobile Association lifted its position in shares of Planet Fitness by 6.9% during the 2nd quarter. United Services Automobile Association now owns 14,440 shares of the company’s stock worth $1,046,000 after buying an additional 928 shares during the period. Finally, Frontier Wealth Management LLC lifted its position in shares of Planet Fitness by 4.6% during the 2nd quarter. Frontier Wealth Management LLC now owns 3,670 shares of the company’s stock worth $266,000 after buying an additional 160 shares during the period. Hedge funds and other institutional investors own 88.05% of the company’s stock.
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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