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 an “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 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 become up 22.7% on a year-over-year foundation.
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 twenty-ninth. 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 29th. Bank of America restated a “buy” score and set an $86.00 charge objective (up formerly from $ seventy-two. 00) on Planet Fitness shares in a report on Wednesday, May 1st. ValuEngine upgraded Planet Fitness stocks 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 becomes disclosed in submission with the SEC, which’s available through this hyperlink. Also, CEO Christopher Rondeau bought 6,000 stocks in a transaction that befell on Friday, February twenty-second. The stock was 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. Company insiders own Fifty-two% 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 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, 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.