Brokerages predict that Planet Fitness, Inc. (NYSE:PLNT) will report earnings of $0.17 per share for the current quarter, Zacks reports. Seven analysts have made estimates for Planet Fitness’ earnings. The lowest EPS estimate is $0.15 and the highest is $0.20. Planet Fitness reported earnings per share of $0.16 during the same quarter last year, which suggests a positive year over year growth rate of 6.3%. The company is expected to issue its next earnings report on Wednesday, October 25th.

On average, analysts expect that Planet Fitness will report full-year earnings of $0.78 per share for the current financial year, with EPS estimates ranging from $0.75 to $0.81. For the next fiscal year, analysts forecast that the firm will report earnings of $0.94 per share, with EPS estimates ranging from $0.85 to $0.98. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Planet Fitness.

Planet Fitness (NYSE:PLNT) last announced its earnings results on Wednesday, August 9th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. The company had revenue of $107.31 million for the quarter, compared to analyst estimates of $101.99 million. Planet Fitness had a negative return on equity of 57.01% and a net margin of 8.77%. The firm’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.17 earnings per share.

A number of equities analysts have recently commented on PLNT shares. Jefferies Group LLC reissued a “buy” rating and issued a $29.00 target price (up previously from $26.00) on shares of Planet Fitness in a research note on Thursday, August 10th. Cowen and Company reissued an “outperform” rating and issued a $28.00 target price (up previously from $23.00) on shares of Planet Fitness in a research note on Thursday, August 10th. Zacks Investment Research raised shares of Planet Fitness from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Friday, August 11th. Imperial Capital raised their target price on shares of Planet Fitness from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Tuesday, August 15th. Finally, BidaskClub raised shares of Planet Fitness from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Planet Fitness presently has a consensus rating of “Buy” and a consensus target price of $27.33.

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Shares of Planet Fitness (PLNT) traded down 0.16% during mid-day trading on Friday, reaching $24.90. The company’s stock had a trading volume of 1,216,063 shares. The firm’s 50 day moving average price is $23.94 and its 200-day moving average price is $21.78. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 42.93 and a beta of 0.85. Planet Fitness has a 1-year low of $18.32 and a 1-year high of $25.44.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. grew its holdings in Planet Fitness by 11.1% during the 1st quarter. Alliancebernstein L.P. now owns 5,948,306 shares of the company’s stock valued at $114,624,000 after purchasing an additional 593,265 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in Planet Fitness during the 1st quarter valued at $734,000. Victory Capital Management Inc. grew its holdings in Planet Fitness by 54,692.9% during the 1st quarter. Victory Capital Management Inc. now owns 1,351,742 shares of the company’s stock valued at $26,047,000 after purchasing an additional 1,349,275 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in Planet Fitness during the 1st quarter valued at $1,234,000. Finally, Holland Capital Management LLC grew its holdings in Planet Fitness by 20.3% during the 1st quarter. Holland Capital Management LLC now owns 96,626 shares of the company’s stock valued at $1,862,000 after purchasing an additional 16,279 shares in the last quarter.

About Planet Fitness

Planet Fitness, Inc is a franchisor and operator of fitness centers in the United States. The Company operates through three segments: Franchise; Corporate-owned stores, and Equipment. The Franchise segment includes operations related to the Company’s franchising business in the United States, Puerto Rico, the Dominican Republic and Canada.

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