DA Davidson Estimates Planet Fitness Q1 Earnings

Planet Fitness, Inc. (NYSE:PLNT) – Investment analysts at DA Davidson issued their Q1 2025 earnings per share estimates for Planet Fitness in a research report issued on Wednesday, February 26th. DA Davidson analyst L. Weiser expects that the company will post earnings of $0.58 per share for the quarter. DA Davidson has a “Neutral” rating and a $87.00 price objective on the stock. The consensus estimate for Planet Fitness’ current full-year earnings is $2.51 per share. DA Davidson also issued estimates for Planet Fitness’ FY2026 earnings at $3.35 EPS.

Several other brokerages also recently commented on PLNT. Roth Mkm reissued a “buy” rating and set a $115.00 target price (up previously from $110.00) on shares of Planet Fitness in a research note on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of Planet Fitness in a research note on Monday, February 24th. Macquarie lowered their price objective on Planet Fitness from $99.00 to $95.00 and set a “neutral” rating for the company in a research note on Thursday. Piper Sandler upped their price objective on Planet Fitness from $115.00 to $123.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. upped their price objective on Planet Fitness from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Planet Fitness has a consensus rating of “Moderate Buy” and a consensus target price of $99.00.

Planet Fitness Trading Up 1.2 %

Shares of NYSE PLNT opened at $92.50 on Thursday. The company has a market cap of $7.82 billion, a price-to-earnings ratio of 49.73, a PEG ratio of 2.45 and a beta of 1.53. Planet Fitness has a 12 month low of $54.35 and a 12 month high of $110.00. The stock has a 50-day moving average price of $102.28 and a two-hundred day moving average price of $92.23.

Planet Fitness (NYSE:PLNT) last issued its earnings results on Tuesday, February 25th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.62 by $0.08. The firm had revenue of $340.50 million during the quarter, compared to the consensus estimate of $324.57 million. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The business’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 earnings per share.

Institutional Trading of Planet Fitness

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLNT. Creative Planning boosted its holdings in shares of Planet Fitness by 2.1% during the 3rd quarter. Creative Planning now owns 9,144 shares of the company’s stock worth $743,000 after buying an additional 192 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Planet Fitness by 202.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 45,928 shares of the company’s stock worth $3,730,000 after buying an additional 30,736 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Planet Fitness by 3.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 9,825 shares of the company’s stock worth $797,000 after buying an additional 310 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Planet Fitness during the 3rd quarter worth approximately $13,592,000. Finally, Verdence Capital Advisors LLC boosted its holdings in shares of Planet Fitness by 4.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,047 shares of the company’s stock worth $247,000 after buying an additional 132 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

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.