Planet Fitness, Inc. (NYSE:PLNT) – Stock analysts at DA Davidson issued their FY2017 EPS estimates for shares of Planet Fitness in a report released on Monday. DA Davidson analyst A. Burns anticipates that the company will earn $0.82 per share for the year. DA Davidson has a “Buy” rating on the stock. DA Davidson also issued estimates for Planet Fitness’ Q4 2017 earnings at $0.23 EPS, Q1 2018 earnings at $0.25 EPS, Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.26 EPS, FY2018 earnings at $0.99 EPS and FY2019 earnings at $1.19 EPS.

A number of other analysts have also recently commented on PLNT. BidaskClub raised shares of Planet Fitness from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Zacks Investment Research cut shares of Planet Fitness from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Roth Capital set a $23.00 price objective on shares of Planet Fitness and gave the company a “buy” rating in a research note on Thursday, August 10th. Cowen and Company reaffirmed an “outperform” rating and set a $28.00 price objective (up previously from $23.00) on shares of Planet Fitness in a research note on Thursday, August 10th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $29.00 price objective (up previously from $26.00) on shares of Planet Fitness in a research note on Thursday, August 10th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Planet Fitness presently has a consensus rating of “Buy” and a consensus target price of $29.60.

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Shares of Planet Fitness (NYSE:PLNT) opened at $31.19 on Thursday. The company has a market cap of $3,061.06, a PE ratio of 38.90, a PEG ratio of 2.02 and a beta of 0.84. The company has a debt-to-equity ratio of -5.00, a quick ratio of 1.56 and a current ratio of 1.57. Planet Fitness has a one year low of $18.32 and a one year high of $31.42.

Planet Fitness (NYSE:PLNT) last released its earnings results on Tuesday, November 7th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $97.50 million during the quarter, compared to analysts’ expectations of $93.55 million. Planet Fitness had a net margin of 11.44% and a negative return on equity of 44.91%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.16 earnings per share.

In other news, CAO Richard L. Moore sold 1,640 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $27.00, for a total value of $44,280.00. Following the completion of the sale, the chief accounting officer now owns 1,640 shares of the company’s stock, valued at approximately $44,280. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Christopher Rondeau sold 1,000 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $27.04, for a total transaction of $27,040.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 645,753 shares of company stock valued at $18,854,271. 19.87% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in shares of Planet Fitness by 164.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,865 shares of the company’s stock valued at $131,000 after buying an additional 3,022 shares during the period. D.A. Davidson & CO. purchased a new stake in shares of Planet Fitness in the 2nd quarter valued at approximately $145,000. Ameritas Investment Partners Inc. grew its stake in shares of Planet Fitness by 234.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,399 shares of the company’s stock valued at $173,000 after buying an additional 5,189 shares during the period. Fortaleza Asset Management Inc. grew its stake in shares of Planet Fitness by 57.9% in the 2nd quarter. Fortaleza Asset Management Inc. now owns 7,830 shares of the company’s stock valued at $183,000 after buying an additional 2,870 shares during the period. Finally, Prudential Financial Inc. purchased a new stake in shares of Planet Fitness in the 3rd quarter valued at approximately $214,000.

Planet Fitness Company Profile

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.

Earnings History and Estimates for Planet Fitness (NYSE:PLNT)

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