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 second. Piper Jaffray Companies analyst P. Keith now anticipates that the organization will earn $zero.Forty four per percentage for the region, up from their previous estimate of $zero.Forty two. Piper Jaffray Companies has a “Overweight” rating and a $eighty four.00 charge target at the inventory. Piper Jaffray Companies also issued estimates for Planet Fitness’ 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 second. The employer stated $zero.35 EPS for the sector, topping the Zacks’ consensus estimate of $zero.34 by $zero.01. Planet Fitness had a net margin of 15.Ninety one% and a negative go back on fairness of sixty four.71%. The commercial enterprise had sales of $148.Eighty two million for the duration of the zone, in comparison 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 share. The company’s sales become up 22.7% on a year-over-year foundation.
Several different studies firms 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 stocks of Planet Fitness in a file on Monday, April twenty ninth. Cowen restated an “common” score and set a $eighty five.00 rate goal (up formerly from $sixty five.00) on shares of Planet Fitness in a document on Monday, April 29th. Bank of America restated a “buy” score and set a $86.00 charge objective (up formerly from $seventy two.00) on shares of Planet Fitness in a report on Wednesday, May 1st. ValuEngine upgraded stocks of Planet Fitness from a “purchase” rating to a “strong-buy” rating in a report on Wednesday, May 1st. 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 equities 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, a PE ratio of fifty nine.Fifty seven, a P/E/G ratio of 2.52 and a beta of 0.Seventy six.
In associated news, CFO Dorvin D. Lively sold 100,000 stocks of the stock in a transaction that occurred on Friday, March eighth. The stocks were offered at a mean fee of $sixty three.52, for a total fee 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 become disclosed in a submitting with the SEC, that’s available through this hyperlink. Also, CEO Christopher Rondeau bought 6,000 stocks of the inventory in a transaction that befell on Friday, February twenty second. The stock became bought 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 stocks of corporation stock worth $29,813,238. 14.Fifty two% of the inventory is owned by company insiders.
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 7,a 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 really worth approximately $forty two,748,000. Pelham Capital Ltd. Purchased a new stake in Planet Fitness within the 1st region really worth about $44,047,000. Assenagon Asset Management S.A. Purchased a brand new stake in Planet Fitness inside the 1st sector worth about $19,940,000. Finally, Stifel Financial Corp purchased a brand new stake in Planet Fitness within the 4th quarter well worth about $15,159,000. Institutional buyers very own ninety four.Ninety nine% of the business enterprise’s inventory.
Planet Fitness Company Profile
Planet Fitness, Inc, collectively with its subsidiaries, franchises and operates fitness centers underneath the Planet Fitness call. It operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise phase is worried in franchising business within the United States, Puerto Rico, Canada, the Dominican Republic, and Panama.