Planet Fitness (PLNT) Projected to Post Quarterly Earnings on Tuesday

Planet Fitness (NYSE:PLNT) will likely be issuing its quarterly earnings data before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.62 per share and revenue of $324.57 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Planet Fitness Stock Performance

Shares of PLNT opened at $96.78 on Friday. The stock has a market capitalization of $8.19 billion, a P/E ratio of 52.03, a P/E/G ratio of 2.45 and a beta of 1.53. The company’s fifty day moving average is $102.81 and its two-hundred day moving average is $91.91. Planet Fitness has a 1 year low of $54.35 and a 1 year high of $110.00.

Analyst Ratings Changes

Several equities research analysts have issued reports on PLNT shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $120.00 price target on shares of Planet Fitness in a research note on Wednesday, January 15th. JPMorgan Chase & Co. raised their price target on shares of Planet Fitness from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. DA Davidson reaffirmed a “neutral” rating and set a $87.00 price target on shares of Planet Fitness in a research note on Tuesday, January 21st. Robert W. Baird raised their price target on shares of Planet Fitness from $92.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Piper Sandler raised their price target on shares of Planet Fitness from $115.00 to $123.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Planet Fitness presently has a consensus rating of “Moderate Buy” and an average target price of $97.69.

About Planet Fitness

Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. The company operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The company is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia.