FY2026 EPS Estimates for Planet Fitness Reduced by Analyst

Planet Fitness, Inc. (NYSE:PLNT) – William Blair lowered their FY2026 earnings estimates for shares of Planet Fitness in a research note issued on Thursday, May 8th. William Blair analyst S. Zackfia now anticipates that the company will post earnings of $3.37 per share for the year, down from their prior forecast of $3.46. The consensus estimate for Planet Fitness’ current full-year earnings is $2.51 per share.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.03). The firm had revenue of $276.66 million for the quarter, compared to analysts’ expectations of $279.80 million. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 earnings per share.

A number of other research firms have also commented on PLNT. Roth Mkm restated a “buy” rating and set a $115.00 price target (up from $110.00) on shares of Planet Fitness in a research report on Wednesday, February 26th. Canaccord Genuity Group started coverage on shares of Planet Fitness in a research report on Thursday, March 13th. They set a “buy” rating and a $120.00 price target for the company. Morgan Stanley upped their target price on shares of Planet Fitness from $111.00 to $112.00 and gave the stock an “overweight” rating in a research report on Friday. BMO Capital Markets upped their target price on shares of Planet Fitness from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, March 31st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $120.00 target price on shares of Planet Fitness in a research report on Monday, February 24th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Planet Fitness presently has a consensus rating of “Moderate Buy” and an average target price of $103.00.

Planet Fitness Price Performance

PLNT opened at $93.54 on Monday. The company has a fifty day moving average price of $96.30 and a 200-day moving average price of $97.88. The firm has a market capitalization of $7.92 billion, a P/E ratio of 50.29, a price-to-earnings-growth ratio of 2.45 and a beta of 1.33. Planet Fitness has a one year low of $60.56 and a one year high of $110.00.

Institutional Trading of Planet Fitness

Hedge funds have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. lifted its stake in Planet Fitness by 187.6% in the first quarter. First Horizon Advisors Inc. now owns 371 shares of the company’s stock worth $36,000 after purchasing an additional 242 shares during the last quarter. R Squared Ltd bought a new position in shares of Planet Fitness during the fourth quarter valued at about $39,000. UMB Bank n.a. raised its stake in shares of Planet Fitness by 67.4% during the fourth quarter. UMB Bank n.a. now owns 390 shares of the company’s stock valued at $39,000 after acquiring an additional 157 shares during the last quarter. CoreCap Advisors LLC raised its stake in shares of Planet Fitness by 1,250.0% during the fourth quarter. CoreCap Advisors LLC now owns 486 shares of the company’s stock valued at $48,000 after acquiring an additional 450 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Planet Fitness by 291.0% during the first quarter. Farther Finance Advisors LLC now owns 520 shares of the company’s stock valued at $50,000 after acquiring an additional 387 shares during the last quarter. 95.53% of the stock is owned by institutional investors.

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.