Wall Street brokerages forecast that Planet Fitness, Inc. (NYSE:PLNT) will announce $179.61 million in gross sales for the present quarter, based on Zacks Investment Research. Seven analysts have offered estimates for Planet Fitness’ earnings, with the bottom gross sales estimate coming in at $170.10 million and the best estimate coming in at $194.70 million. Planet Fitness posted gross sales of $133.77 million throughout the identical quarter final 12 months, which signifies a optimistic year-over-year progress fee of 34.3%. The firm is scheduled to difficulty its subsequent quarterly earnings report on Thursday, February seventeenth.On common, analysts count on that Planet Fitness will report full 12 months gross sales of $583.52 million for the present 12 months, with estimates starting from $573.50 million to $598.10 million. For the subsequent 12 months, analysts forecast that the enterprise will publish gross sales of $859.78 million, with estimates starting from $759.00 million to $973.94 million. Zacks Investment Research’s gross sales averages are a imply common based mostly on a survey of analysis analysts that observe Planet Fitness.Planet Fitness (NYSE:PLNT) final launched its quarterly earnings knowledge on Thursday, November 4th. The firm reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.08. The enterprise had income of $154.30 million for the quarter, in comparison with analysts’ expectations of $134.79 million. Planet Fitness had a internet margin of 8.51% and a unfavourable return on fairness of 9.30%. The firm’s income for the quarter was up 46.4% in comparison with the identical quarter final 12 months. During the identical quarter final 12 months, the corporate earned $0.02 EPS. (Ad)Whether you are trying to study the fundamentals of futures or are a seasoned vet trying to hone your buying and selling abilities, our Technical Analysis Guide has every little thing it is advisable succeed in at this time’s futures markets!
PLNT has been the topic of a number of analysis experiences. Cowen upgraded shares of Planet Fitness to a “maintain” ranking and raised their value goal for the inventory from $100.00 to $110.00 in a report on Wednesday, January twelfth. BMO Capital Markets boosted their goal value on shares of Planet Fitness from $80.00 to $96.00 and gave the inventory an “outperform” ranking in a analysis report on Monday, November fifteenth. Robert W. Baird lifted their value goal on shares of Planet Fitness from $100.00 to $110.00 and gave the inventory an “outperform” ranking in a analysis be aware on Friday, November fifth. They famous that the transfer was a valuation name. Zacks Investment Research upgraded shares of Planet Fitness from a “maintain” ranking to a “strong-buy” ranking and set a $98.00 value goal on the inventory in a analysis be aware on Tuesday, December twenty eighth. Finally, Roth Capital boosted their goal value on shares of Planet Fitness from $100.00 to $110.00 and gave the corporate a “purchase” ranking in a analysis be aware on Monday, November eighth. Three analysis analysts have rated the inventory with a maintain ranking, eight have issued a purchase ranking and one has issued a robust purchase ranking to the corporate’s inventory. According to knowledge from MarketBeat, Planet Fitness has a consensus ranking of “Buy” and a consensus goal value of $100.17.Shares of PLNT opened at $83.06 on Friday. Planet Fitness has a 12-month low of $67.89 and a 12-month excessive of $99.60. The agency’s 50 day transferring common is $87.94 and its 200-day transferring common is $81.62. The inventory has a market capitalization of $7.19 billion, a P/E ratio of 148.32, a P/E/G ratio of two.54 and a beta of 1.21. In different Planet Fitness information, CEO Christopher Rondeau offered 150,000 shares of Planet Fitness inventory in a transaction that occurred on Monday, November eighth. The inventory was offered at a mean value of $96.07, for a complete worth of $14,410,500.00. The sale was disclosed in a submitting with the Securities & Exchange Commission, which is on the market by this hyperlink. 6.41% of the inventory is owned by insiders. Several massive buyers have just lately made adjustments to their positions in PLNT. Royal Bank of Canada boosted its place in Planet Fitness by 0.8% in the third quarter. Royal Bank of Canada now owns 17,076 shares of the corporate’s inventory price $1,342,000 after buying a further 141 shares over the past quarter. Arizona State Retirement System lifted its place in shares of Planet Fitness by 0.7% through the third quarter. Arizona State Retirement System now owns 22,669 shares of the corporate’s inventory valued at $1,781,000 after shopping for a further 156 shares over the past quarter. Asset Management One Co. Ltd. lifted its place in shares of Planet Fitness by 14.0% through the third quarter. Asset Management One Co. Ltd. now owns 1,494 shares of the corporate’s inventory valued at $117,000 after shopping for a further 183 shares over the past quarter. CIBC Asset Management Inc lifted its place in shares of Planet Fitness by 7.7% through the third quarter. CIBC Asset Management Inc now owns 3,414 shares of the corporate’s inventory valued at $268,000 after shopping for a further 243 shares over the past quarter. Finally, Liberty Wealth Management LLC raised its stake in shares of Planet Fitness by 388.6% through the third quarter. Liberty Wealth Management LLC now owns 342 shares of the corporate’s inventory valued at $29,000 after buying a further 272 shares through the interval. 96.38% of the inventory is at the moment owned by institutional buyers. Planet Fitness Company ProfilePlanet Fitness, Inc engages in the operation and franchising of health facilities. It operates by the next segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise phase contains operations associated to the corporate’s franchising enterprise in the United States, Puerto Rico, Canada, the Dominican Republic, Panama, Mexico, and Australia.Recommended Story: What is the Consumer Price Index (CPI)?Get a free copy of the Zacks analysis report on Planet Fitness (PLNT)For extra details about analysis choices from Zacks Investment Research, go to Zacks.comThis prompt information alert was generated by narrative science expertise and monetary knowledge from MarketBeat in order to offer readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to [email protected]Should you make investments $1,000 in Planet Fitness proper now?Before you take into account Planet Fitness, you may need to hear this.MarketBeat retains observe of Wall Street’s top-rated and finest performing analysis analysts and the shares they suggest to their shoppers every day. MarketBeat has recognized the 5 shares that prime analysts are quietly whispering to their shoppers to purchase now earlier than the broader market catches on… and Planet Fitness wasn’t on the checklist.While Planet Fitness at the moment has a “Buy” ranking amongst analysts, top-rated analysts imagine these 5 shares are higher buys.View The 5 Stocks Here
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