Planet Fitness to Announce Earnings of $0.09 Per Share?
Analysts expect Planet Fitness (NASDAQ:PLNT) to post $0.09 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Planet Fitness’ earnings. The highest EPS estimate is $0.10 and the lowest is $0.09. The company is expected to announce its next quarterly earnings results on Wednesday, December 2nd.
On average, analysts expect that Planet Fitness will report full-year earnings of $0.47 per share for the current year, with EPS estimates ranging from $0.47 to $0.48. For the next fiscal year, analysts anticipate that the business will post earnings of $0.57 per share, with EPS estimates ranging from $0.56 to $0.58. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Planet Fitness.
Planet Fitness (NASDAQ:PLNT) last posted its quarterly earnings results on Wednesday, September 2nd. The company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.01. The company earned $79 million during the quarter.
Planet Fitness (NASDAQ:PLNT) traded down 0.60% on Friday, reaching $16.50. The company’s stock had a trading volume of 104,882 shares. The firm’s 50-day moving average price is $17.24 and its 200 day moving average price is $17.38. The company has a market cap of $603.85 million and a P/E ratio of 14.44. Planet Fitness has a 52-week low of $13.65 and a 52-week high of $19.65.
Several equities research analysts recently commented on PLNT shares. Jefferies Group assumed coverage on Planet Fitness in a research note on Monday, August 31st. They set a “buy” rating on the stock. Wedbush initiated coverage on Planet Fitness in a research note on Monday, September 21st. They issued an “outperform” rating and a $22.00 price objective for the company. Cowen and Company began coverage on Planet Fitness in a research report on Monday, August 31st. They set an “outperform” rating and a $21.00 price target for the company. William Blair reissued a “buy” rating on shares of Planet Fitness in a report on Sunday, September 6th. Finally, JPMorgan Chase & Co. started coverage on Planet Fitness in a report on Monday, August 31st. They issued an “overweight” rating and a $20.00 price target for the company. Ten research analysts have rated the stock with a buy rating, Planet Fitness currently has an average rating of “Buy” and a consensus price target of $20.78.
Planet Fitness, Inc. is a holding company. The Company, through its subsidiary, Pla-Fit Holdings, LLC., is a franchisor and operator of fitness centers in the United States. It is engaged in licensing and selling franchises under the Planet Fitness trade name, owning and operating fitness centers under the Planet Fitness trade name and selling fitness-related equipment to franchisee-owned stores. It operates through three segments, including the Franchise segment, the Corporate-owned stores segment and the Equipment segment. Its stores include around 20,000 square feet of area and offer Planet Fitness-branded cardio, circuit- and weight-training equipment. It also offers PE@PF fitness instruction program. As of June 30, 2015 the Company owned 1,014 stores, including 58 corporate-owned stores and 956 franchisee-owned stores. It offers standard and PF Black Card memberships. It offers water massage beds, massage chairs and tanning equipment, among others to its PF Black Card members.
