Planet Fitness (PLNT) Expected to Announce Quarterly Earnings on Tuesday

Planet Fitness (NYSE:PLNT) is expected to 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 listen to the company’s conference call can do so using this link.

Planet Fitness Price Performance

PLNT stock opened at $96.78 on Monday. The firm’s fifty day simple moving average is $102.81 and its 200-day simple moving average is $92.02. The company has a market capitalization of $8.19 billion, a P/E ratio of 52.03, a price-to-earnings-growth ratio of 2.45 and a beta of 1.53. Planet Fitness has a 12 month low of $54.35 and a 12 month high of $110.00.

Wall Street Analysts Forecast Growth

PLNT has been the topic of several recent research reports. Macquarie reaffirmed a “neutral” rating and issued a $99.00 price objective (up from $91.00) on shares of Planet Fitness in a report on Friday, November 8th. Stifel Nicolaus increased their price target on shares of Planet Fitness from $85.00 to $90.00 and gave the stock a “hold” rating in a report on Friday, January 17th. Raymond James increased their price target on shares of Planet Fitness from $92.00 to $110.00 and gave the stock a “strong-buy” rating in a report on Friday, November 8th. Morgan Stanley increased their price target on shares of Planet Fitness from $84.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Finally, Robert W. Baird increased their price target on shares of Planet Fitness from $92.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $97.69.

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.