News stories about Planet Fitness (NYSE:PLNT) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Planet Fitness earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.769247362796 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Watching the Tape Move for Planet Fitness Inc (PLNT) – Sheridan Daily (sheridandaily.com)
- Imperial Capital Boosts Planet Fitness, Inc. (PLNT) Price Target to $28.00 (americanbankingnews.com)
- Planet Fitness, Inc. (PLNT) stock rose 17.92% in recent quarter – Street Observer (press release) (streetobserver.com)
- Planet Fitness, Inc. (NYSE:PLNT) Lifted to “Buy” at Zacks Investment Research (americanbankingnews.com)
- Planet Fitness-A Up 17.5% Since SmarTrend Uptrend Call (PLNT) (mysmartrend.com)
PLNT has been the subject of a number of research reports. Guggenheim reiterated a “buy” rating and set a $24.00 price objective on shares of Planet Fitness in a research report on Monday, April 24th. Roth Capital reiterated a “buy” rating and set a $23.00 price objective on shares of Planet Fitness in a research report on Wednesday, May 3rd. Jefferies Group LLC upped their price objective on Planet Fitness from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, May 3rd. Zacks Investment Research cut Planet Fitness from a “hold” rating to a “sell” rating in a research report on Thursday, May 4th. Finally, Imperial Capital upped their price objective on Planet Fitness from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday, May 4th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $26.89.
Shares of Planet Fitness (NYSE PLNT) opened at 24.13 on Friday. Planet Fitness has a 12-month low of $18.32 and a 12-month high of $25.19. The firm’s 50-day moving average price is $23.25 and its 200 day moving average price is $21.43. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 41.60 and a beta of 0.90.
Planet Fitness (NYSE:PLNT) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.03. The business had revenue of $107.31 million during 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 company’s revenue was up 17.3% on a year-over-year basis. During the same quarter last year, the business posted $0.17 EPS. On average, analysts predict that Planet Fitness will post $0.47 earnings per share for the current year.
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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.
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