Economy

How Have Planet Fitness, Inc. (PLNT) Earnings Outlook Changed?

The original version of this article can be accessed at https://www.dispatchtribunal.com/2017/09/22/planet-fitness-inc-plnt-given-consensus-recommendation-of-buy-by-brokerages.html. (NYSE:PLNT) in a report released on Thursday, September 14th. They now have a United States dollars 29 price target on the stock.

Want to see what other hedge funds are holding PLNT? The count of Hold ratings in that period was 0. Guggenheim reaffirmed a "buy" rating and issued a $24.00 price objective on shares of Planet Fitness in a research note on Thursday, April 6th. Roth Capital set a $23.00 price target on Planet Fitness and gave the company a "buy" rating in a report on Thursday, August 10th. If the published price targets set by Planet Fitness, Inc. analysts have any power to influence the stock's share price, the highest price target set for PLNT is $30. The analyst recommendations from a month ago are 0 Buy, 9 Strong Buy, 0 Sell, 0 Hold and 1. A rating of 4 or 5 would indicate a consensus Sell.

NYSE:PLNT) was down -0.86% (-$0.23) to $26.54 and showed a volume of 1.51 mln shares. 691,960 shares of the stock were exchanged. Zooming out to the 200-day moving average, shares have been seen trading 10.19% away from that value. Over the 52-week time span, the stock notched a high price of $26.86 and its minimum price was $18.32. The firm has a market cap of $2.30 billion, a P/E ratio of 46.40 and a beta of 0.85. Planet Fitness Inc (NYSE:PLNT) has risen 39.93% since September 22, 2016 and is uptrending. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.03. The firm had revenue of $91.10 million during the quarter, compared to analysts' expectations of $91.33 million. It has a return on equity (ROE) of -36.30%. The business's revenue for the quarter was up 17.3% compared to the same quarter previous year. During the same quarter in the prior year, the company earned $0.17 earnings per share. Receive News & Ratings for Planet Fitness Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Planet Fitness Inc and related companies with MarketBeat.com's FREE daily email newsletter. "(PLNT)" was reported by Week Herald and is the property of of Week Herald. If you are accessing this piece on another site, it was stolen and republished in violation of United States and global copyright law. The stock has "Overweight" rating by Piper Jaffray on Friday, November 13.

A number of equities analysts recently commented on PLNT shares. Teachers Advisors LLC boosted its holdings in shares of Planet Fitness by 72.7% in the 4th quarter. The portion of a company's profit allocated to each outstanding share of common stock was $0.26 a share in the trailing twelve months. The Company dividend yield observed at 1.11%. Jennison Associates LLC now owns 2,653,219 shares of the company's stock worth $51,128,000 after buying an additional 1,331,660 shares in the last quarter.

06/06/2016 - JP Morgan began new coverage on Planet Fitness, Inc. giving the company a "overweight" rating. Bank of New York Mellon Corp raised its position in Planet Fitness by 226.0% in the first quarter. Finally, Fortaleza Asset Management Inc. increased its stake in Planet Fitness by 57.9% in the 2nd quarter.

The Franchise segment includes operations related to the Business's franchising business in the United States, Puerto Rico, the Dominican Republic and Canada. The Company operates through three segments: Franchise; Corporate-owned stores, and Equipment. The Corporate-owned stores segment includes operations with respect to all corporate-owned stores throughout the United States and Canada.



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