Planet Fitness (NYSE:PLNT) updated its FY19 earnings guidance on Thursday. The company provided EPS guidance of ~$1.56 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.57. The company issued revenue guidance of $681.75, compared to the consensus revenue estimate of $683.65 million.
A number of equities analysts have recently issued reports on the company. Roth Capital lowered their price objective on Planet Fitness from $86.00 to $75.00 and set a buy rating for the company in a research report on Friday. Berenberg Bank downgraded Planet Fitness from a buy rating to a hold rating and lowered their price objective for the stock from $80.00 to $69.00 in a research report on Tuesday, September 3rd. Zacks Investment Research downgraded Planet Fitness from a hold rating to a strong sell rating and set a $63.00 price objective for the company. in a research report on Wednesday. Imperial Capital upgraded Planet Fitness from an in-line rating to an outperform rating and set a $72.50 price objective for the company in a research report on Monday, October 14th. Finally, ValuEngine downgraded Planet Fitness from a hold rating to a sell rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. Planet Fitness presently has an average rating of Buy and a consensus target price of $76.50.
PLNT stock traded up $5.71 during mid-day trading on Friday, reaching $68.42. The company’s stock had a trading volume of 4,475,984 shares, compared to its average volume of 1,423,953. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 56.08, a price-to-earnings-growth ratio of 1.69 and a beta of 0.63. The business’s 50 day moving average price is $60.22 and its 200 day moving average price is $70.59. Planet Fitness has a 12 month low of $48.00 and a 12 month high of $81.90.
Planet Fitness Company Profile
Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness name. It operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, the Dominican Republic, and Panama.
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