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

Planet Fitness (NYSE:PLNT) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 2.870-2.900 for the period, compared to the consensus EPS 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 Stock Performance

Shares of PLNT opened at $99.63 on Tuesday. Planet Fitness has a twelve month low of $54.35 and a twelve month high of $110.00. The firm’s 50 day moving average price is $102.82 and its 200 day moving average price is $92.17. The firm has a market cap of $8.43 billion, a PE ratio of 53.56, a PEG ratio of 2.45 and a beta of 1.53.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PLNT. Stifel Nicolaus lifted their price target on shares of Planet Fitness from $85.00 to $90.00 and gave the stock a “hold” rating in a research note on Friday, January 17th. DA Davidson reiterated a “neutral” rating and set a $87.00 price target on shares of Planet Fitness in a research note on Tuesday, January 21st. Raymond James lifted their price objective on Planet Fitness from $92.00 to $110.00 and gave the company a “strong-buy” rating in a report on Friday, November 8th. Robert W. Baird lifted their price objective on Planet Fitness from $92.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Piper Sandler lifted their price objective on Planet Fitness from $115.00 to $123.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Five equities research 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.