Planet Fitness (NYSE:PLNT) Releases FY 2025 Earnings Guidance

Planet Fitness (NYSE:PLNT) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 2.870-2.900 for the period, compared to the consensus estimate of 2.930. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion.

Planet Fitness Trading Up 2.8 %

Planet Fitness stock opened at $99.63 on Tuesday. The firm has a market capitalization of $8.43 billion, a P/E ratio of 53.56, a PEG ratio of 2.45 and a beta of 1.53. Planet Fitness has a 1 year low of $54.35 and a 1 year high of $110.00. The business has a 50-day moving average of $102.82 and a 200-day moving average of $92.17.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PLNT shares. Raymond James boosted their price objective 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. Robert W. Baird boosted their price objective on Planet Fitness from $92.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $120.00 price objective on shares of Planet Fitness in a research report on Monday. Morgan Stanley boosted their price objective on Planet Fitness from $84.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Finally, Stifel Nicolaus boosted their price objective on Planet Fitness from $85.00 to $90.00 and gave the company a “hold” rating in a research report on Friday, January 17th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Planet Fitness presently has an average rating of “Moderate Buy” and an average price target 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.