Planet Fitness, Inc., along with its subsidiaries, franchises and operates health facilities below the Planet Fitness model. It operates by way of Franchise, Company-Owned Shops, and Tools segments. The Franchise section is concerned in franchising Business in america, Puerto Rico, Canada, Panama, Mexico, and Australia. The Company-Owned Shops section operates corporate-owned shops in america and Canada. The Tools section engages within the sale of health gear to franchisee-owned shops in america and Canada. As of December 31,2021, the corporate had 2,254 shops in 50 states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico, and Australia. Planet Fitness, Inc. was based in 1992 and is headquartered in Hampton, New Hampshire.
Planet Fitness Stock Down 3.7 %
Shares of PLNT Stock opened at $74.75 on Tuesday. Planet Fitness has a 12-month low of $61.11 and a 12-month excessive of $99.60. The corporate has a market capitalization of $6.80 billion, a PE ratio of 102.40, a price-to-earnings-Growth ratio of 1.41 and a beta of 1.17. The agency has a 50 day shifting common worth of $73.79 and a two-hundred day shifting common worth of $78.10.
Planet Fitness (NYSE:PLNT – Get Score) final launched its quarterly earnings knowledge on Tuesday, August ninth. The corporate reported $0.38 earnings per share (EPS) for the quarter, assembly the consensus estimate of $0.38. The corporate had income of $224.40 million in the course of the quarter, in comparison with the consensus estimate of $230.13 million. Planet Fitness had a damaging return on fairness of 24.38% and a internet margin of 8.28%. The agency’s income was up 63.5% in comparison with the identical quarter final 12 months. Throughout the identical quarter within the prior 12 months, the agency posted $0.21 earnings per share. As a gaggle, analysis analysts anticipate that Planet Fitness will publish 1.54 EPS for the present 12 months.
Analyst Scores Adjustments
PLNT has been the subject of a number of analysis analyst reviews. Cowen decreased their worth goal on Planet Fitness from $110.00 to $95.00 in a analysis notice on Wednesday, August tenth. DA Davidson reduce their worth goal on Planet Fitness from $110.00 to $90.00 in a report on Friday, Might thirteenth. Piper Sandler dropped their goal worth on Planet Fitness from $87.00 to $72.00 in a report on Wednesday, Might eleventh. Robert W. Baird decreased their worth goal on shares of Planet Fitness from $108.00 to $92.00 in a analysis report on Wednesday, Might eleventh. Lastly, JPMorgan Chase & Co. raised shares of Planet Fitness from a “neutral” score to an “overweight” score and set a $90.00 worth goal for the corporate in a analysis notice on Wednesday, Might eleventh. 4 analysts have rated the inventory with a maintain score and eight have given a purchase score to the corporate’s inventory. In keeping with MarketBeat.com, Planet Fitness has a consensus score of “Moderate Buy” and a consensus goal worth of $95.42.