Planet Fitness Inc (NYSE: PLNT) – Investment analysts at Piper Jaffray Companies lifted their Q2 2019 earnings according to share estimates for Planet Fitness in a record released on Thursday, May 2. Piper Jaffray Companies analyst P. Keith anticipates the organization earning $zero.Forty-four per percentage for the region, up from their previous estimate of $zero.Forty-two. Piper Jaffray Companies has an “Overweight” rating and a $ eighty-four. 00 charge target at the inventory. Piper Jaffray Companies also estimated Planet Fitness’s FY2019 profits at $1.Fifty-eight EPS, Q1 2020 profits at $zero.46 EPS, Q2 2020 earnings at $0.Fifty-two EPS, Q3 2020 earnings at $0.47 EPS, and Q4 2020 earnings at $0.Fifty-three EPS.
Planet Fitness (NYSE: PLNT) closing introduced its income results on Thursday, May 2. The employer stated $zero.35 EPS for the sector, topping Zacks’ consensus estimate of $zero.34 by $zero.01. Planet Fitness had a net margin of 15. Ninety-one and a negative go back to the fairness of sixty-four. 71%. The commercial enterprise had sales of $148.Eighty-two million for the duration of the zone compared to the consensus estimate of $153.41 million. During the identical period inside the previous 12 months, the company published $zero—27 profits in line with the share. The company’s sales have gone up 22.7% on a year-over-year basis.
Several different studies firms have also lately issued reports on PLNT. Robert W. Baird restated an “outperform” score and set a $eighty.00 charge goal (up previously from $ seventy-five. 00) on Planet Fitness stocks in a file on Monday, April 29. Cowen restated a “common” score and set a $ eighty-five. 00 rate goal (up formerly from $ sixty-five. 00) on Planet Fitness shares in a document on Monday, April 29. Bank of America restated a “buy” score and set an $86.00 charge objective (up from $ seventy-two. 00) on Planet Fitness shares in a report on Wednesday, May 1. ValuEngine upgraded Planet Fitness stocks from a “purchase” rating to a “strong-buy” rating on Wednesday, May 1. Finally, Jefferies Financial Group upped their price objective on shares of Planet Fitness from $75.00 to $ eighty-five. 00 and gave the employer a “buy” rating in a record on Friday. Five equity studies analysts have rated the stock with a maintain score, eight have given a buy rating, and one has given a strong buy rating to the corporation’s stock. Planet Fitness presently has a consensus rating of “Buy” and a consensus charge goal of $65.43.
PLNT opened at $72.67 on Monday. Planet Fitness has a 52-week low of $36 seventy-two and a 52-week excessive of $77.34. The stock has a marketplace cap of $6.76 billion and a P.E. ratio of fifty-nine. Fifty-seven has a P/E/G ratio of 2.52 and a beta of 0.Seventy-six.
In related news, CFO Dorvin D. Lively sold 100,000 stock stocks on Friday, March 8. The stores were offered at a mean fee of $ sixty-three. 52, for a total cost of $6,352,000.00. Following the transaction, the chief monetary officer now owns ninety-eight 883 shares in the company, worth approximately $6,281,048.Sixteen. The sale becomes disclosed in submission with the SEC, which is available through this hyperlink. Also, CEO Christopher Rondeau bought 6,000 stocks on Friday, February 22. The stock was purchased at an average price of $60.53 for a complete transaction of $363,180.00. The disclosure for this sale may be observed here. In the final area, insiders sold 466,291 corporation stocks worth $29,813,238. 14. Company insiders own fifty-two percent of the inventory.
Large investors have recently modified their holdings of the inventory. FMR LLC boosted its position in Planet Fitness by using fifty-seven.7% inside the 4th region. FMR LLC now owns seven hundred thirty-five 122 shares of the enterprise’s inventory well worth $382,585,000 after purchasing an extra 2,610,693 shares within the ultimate sector. Norges Bank bought a new stake in Planet Fitness in the 4th area, worth approximately $ forty-two 748,000. Pelham Capital Ltd. Purchased a new stake in Planet Fitness within the 1st region, worth about $44,047,000. Assenagon Asset Management S.A. Purchased a new stake in Planet Fitness inside the 1st sector worth about $19,940,000. Finally, Stifel Financial Corp purchased a new stake in Planet Fitness within the 4th quarter, worth about $15,159,000. Institutional buyers own ninety-four. Ninety percent of the business enterprise’s inventory.
Planet Fitness Company Profile
Planet Fitness, Inc., collectively with its subsidiaries and franchises, operates fitness centers under the Planet Fitness call. It operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise phase concerns franchising business within the United States, Puerto Rico, Canada, the Dominican Republic, and Panama.
