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

Planet Fitness (NYSE:PLNT) is projected to announce its earnings results 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. Investors interested in registering for the company’s conference call can do so using this link.

Planet Fitness Stock Performance

NYSE:PLNT opened at $96.78 on Monday. Planet Fitness has a one year low of $54.35 and a one year high of $110.00. The firm has a market cap of $8.19 billion, a P/E ratio of 52.03, a P/E/G ratio of 2.45 and a beta of 1.53. The firm has a 50-day simple moving average of $102.81 and a 200-day simple moving average of $92.02.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PLNT shares. Piper Sandler boosted their price objective on shares of Planet Fitness from $115.00 to $123.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Morgan Stanley boosted their price objective on shares of Planet Fitness from $84.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Robert W. Baird boosted their price objective on shares of Planet Fitness from $92.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $120.00 price objective on shares of Planet Fitness in a research note on Wednesday, January 15th. Finally, DA Davidson reiterated a “neutral” rating and set a $87.00 price objective on shares of Planet Fitness in a research note on Tuesday, January 21st. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Planet Fitness presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.69.

About Planet Fitness

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.