News coverage about Planet Fitness (NYSE:PLNT) has been trending somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Planet Fitness earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.2644040659589 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Planet Fitness (NYSE PLNT) traded down $0.15 during trading on Friday, hitting $32.14. The stock had a trading volume of 707,400 shares, compared to its average volume of 1,208,593. The firm has a market capitalization of $3,180.00 and a price-to-earnings ratio of 39.59. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of -5.00. Planet Fitness has a 12 month low of $18.32 and a 12 month high of $32.92.
Planet Fitness (NYSE:PLNT) last announced its earnings results on Tuesday, November 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The company had revenue of $97.50 million for the quarter, compared to analyst estimates of $93.55 million. Planet Fitness had a negative return on equity of 44.91% and a net margin of 11.44%. Planet Fitness’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 earnings per share. equities analysts anticipate that Planet Fitness will post 0.82 earnings per share for the current fiscal year.
A number of brokerages have issued reports on PLNT. DA Davidson began coverage on Planet Fitness in a research report on Monday, November 20th. They set a “buy” rating for the company. Cowen reissued a “buy” rating and issued a $30.00 price objective on shares of Planet Fitness in a research note on Friday, November 10th. Jefferies Group reissued a “buy” rating and issued a $33.00 price objective on shares of Planet Fitness in a research note on Friday, November 10th. Imperial Capital boosted their price objective on Planet Fitness from $28.00 to $33.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. Finally, Bank of America boosted their price objective on Planet Fitness from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $29.60.
In related news, CAO Richard L. Moore sold 9,200 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $27.02, for a total transaction of $248,584.00. Following the transaction, the chief accounting officer now directly owns 9,200 shares of the company’s stock, valued at $248,584. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher Rondeau sold 20,000 shares of the company’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $26.43, for a total value of $528,600.00. The disclosure for this sale can be found here. Insiders have sold 705,753 shares of company stock worth $20,773,071 over the last ninety days. 19.87% of the stock is owned by insiders.
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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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