Wall Street brokerages predict that Planet Fitness Inc (NYSE:PLNT) will announce sales of $174.57 million for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Planet Fitness’ earnings. The lowest sales estimate is $167.80 million and the highest is $185.89 million. Planet Fitness reported sales of $134.03 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 30.2%. The company is scheduled to announce its next quarterly earnings report on Thursday, February 28th.
According to Zacks, analysts expect that Planet Fitness will report full-year sales of $573.04 million for the current fiscal year, with estimates ranging from $566.30 million to $584.40 million. For the next financial year, analysts expect that the company will post sales of $639.72 million, with estimates ranging from $604.96 million to $667.70 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Planet Fitness.
Planet Fitness (NYSE:PLNT) last announced its quarterly earnings results on Tuesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The firm had revenue of $136.66 million for the quarter, compared to analyst estimates of $126.10 million. Planet Fitness had a net margin of 11.22% and a negative return on equity of 95.97%. The business’s revenue for the quarter was up 40.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.19 EPS.
Planet Fitness stock traded down $2.77 on Wednesday, hitting $53.46. The company’s stock had a trading volume of 1,250,054 shares, compared to its average volume of 1,041,416. The firm has a market capitalization of $5.49 billion, a PE ratio of 63.64, a price-to-earnings-growth ratio of 2.39 and a beta of 0.77. Planet Fitness has a one year low of $28.98 and a one year high of $58.50.
In other news, CEO Christopher Rondeau sold 80,000 shares of the business’s stock in a transaction on Friday, September 21st. The shares were sold at an average price of $50.21, for a total value of $4,016,800.00. The sale was disclosed in a filing with the SEC, which is available at this link. 19.87% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of PLNT. Vanguard Group Inc. lifted its position in Planet Fitness by 3.4% during the 3rd quarter. Vanguard Group Inc. now owns 8,597,408 shares of the company’s stock worth $464,518,000 after buying an additional 280,726 shares in the last quarter. BlackRock Inc. lifted its position in Planet Fitness by 1.5% during the 3rd quarter. BlackRock Inc. now owns 6,120,786 shares of the company’s stock worth $330,705,000 after buying an additional 93,335 shares in the last quarter. FMR LLC lifted its position in Planet Fitness by 79.0% during the 3rd quarter. FMR LLC now owns 4,524,429 shares of the company’s stock worth $244,456,000 after buying an additional 1,997,286 shares in the last quarter. Jennison Associates LLC lifted its position in Planet Fitness by 0.7% during the 2nd quarter. Jennison Associates LLC now owns 2,541,081 shares of the company’s stock worth $111,655,000 after buying an additional 18,914 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Planet Fitness by 587.6% during the 3rd quarter. American Century Companies Inc. now owns 1,942,277 shares of the company’s stock worth $104,941,000 after buying an additional 1,659,806 shares in the last quarter. Institutional investors own 90.80% 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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