William Blair Forecasts Reduced Earnings for Planet Fitness

Planet Fitness, Inc. (NYSE:PLNT) – Investment analysts at William Blair dropped their FY2025 earnings per share (EPS) estimates for shares of Planet Fitness in a research note issued to investors on Tuesday, February 25th. William Blair analyst S. Zackfia now expects that the company will post earnings per share of $2.90 for the year, down from their prior estimate of $2.95. The consensus estimate for Planet Fitness’ current full-year earnings is $2.51 per share.

PLNT has been the subject of several other reports. DA Davidson reaffirmed a “neutral” rating and issued a $87.00 target price on shares of Planet Fitness in a research report on Tuesday, January 21st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $120.00 target price on shares of Planet Fitness in a research report on Monday, February 24th. Robert W. Baird lifted their target price on Planet Fitness from $92.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Raymond James lifted their target price on Planet Fitness from $92.00 to $110.00 and gave the company a “strong-buy” rating in a research report on Friday, November 8th. Finally, Piper Sandler lifted their target price on Planet Fitness from $115.00 to $123.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $99.00.

Planet Fitness Price Performance

NYSE PLNT opened at $92.50 on Friday. The company has a market cap of $7.82 billion, a P/E ratio of 49.73, a P/E/G ratio of 2.45 and a beta of 1.53. The stock has a 50-day moving average of $102.28 and a two-hundred day moving average of $92.23. Planet Fitness has a 1-year low of $54.35 and a 1-year high of $110.00.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.08. The firm had revenue of $340.50 million during the quarter, compared to the consensus estimate of $324.57 million. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The company’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period last year, the company earned $0.60 EPS.

Institutional Investors Weigh In On Planet Fitness

Several institutional investors have recently added to or reduced their stakes in PLNT. T. Rowe Price Investment Management Inc. lifted its stake in Planet Fitness by 48.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,911,081 shares of the company’s stock worth $782,169,000 after purchasing an additional 2,570,826 shares during the last quarter. Ninety One UK Ltd purchased a new stake in Planet Fitness during the fourth quarter worth approximately $130,376,000. Norges Bank purchased a new stake in Planet Fitness during the fourth quarter worth approximately $100,009,000. FMR LLC lifted its stake in Planet Fitness by 666.9% during the third quarter. FMR LLC now owns 795,485 shares of the company’s stock worth $64,609,000 after purchasing an additional 691,761 shares during the last quarter. Finally, Nomura Holdings Inc. lifted its stake in Planet Fitness by 103.4% in the fourth quarter. Nomura Holdings Inc. now owns 11,170 shares of the company’s stock valued at $1,104,000 after buying an additional 340,370 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Planet Fitness Company Profile

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.