Planet Fitness (NYSE:PLNT) Updates FY 2020 After-Hours Earnings Guidance

Planet Fitness (NYSE:PLNT) updated its FY 2020
After-Hours earnings guidance on Tuesday. The company provided earnings per share guidance of 1.84-1.84 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.90. The company issued revenue guidance of $771.459-771.459 million, compared to the consensus revenue estimate of $782.73 million.

Several equities analysts recently issued reports on the company. ValuEngine lowered Planet Fitness from a hold rating to a sell rating in a research report on Tuesday, November 5th. BMO Capital Markets reiterated a buy rating and issued a $90.00 price objective on shares of Planet Fitness in a research report on Wednesday. Zacks Investment Research lowered Planet Fitness from a hold rating to a strong sell rating and set a $83.00 price objective for the company. in a research report on Tuesday, January 14th. Imperial Capital boosted their price objective on Planet Fitness from $72.50 to $80.00 and gave the company an outperform rating in a research report on Tuesday, November 12th. Finally, Jefferies Financial Group boosted their price objective on Planet Fitness from $90.00 to $100.00 and gave the company a buy rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Planet Fitness currently has a consensus rating of Buy and an average target price of $84.54.

NYSE:PLNT traded down $4.58 during trading hours on Friday, reaching $67.49. 3,305,111 shares of the stock were exchanged, compared to its average volume of 1,125,234. Planet Fitness has a twelve month low of $56.14 and a twelve month high of $88.77. The firm has a 50 day moving average of $81.51 and a 200 day moving average of $70.95. The stock has a market cap of $6.15 billion, a PE ratio of 48.21, a PEG ratio of 1.95 and a beta of 0.65.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The company had revenue of $191.51 million during the quarter, compared to the consensus estimate of $188.75 million. Planet Fitness had a negative return on equity of 39.70% and a net margin of 17.09%. Analysts forecast that Planet Fitness will post 1.87 EPS for the current year.

Planet Fitness Company Profile

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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Earnings History and Estimates for Planet Fitness (NYSE:PLNT)

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