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 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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