News headlines about Planet Fitness (NYSE:PLNT) have trended somewhat positive on Monday, Accern reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Planet Fitness earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.4003849509105 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern’s scoring:
A number of equities analysts have recently issued reports on the stock. Cowen upped their target price on shares of Planet Fitness from $30.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 10th. Imperial Capital upped their target price on shares of Planet Fitness from $33.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Jefferies Group lowered shares of Planet Fitness from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Zacks Investment Research upgraded shares of Planet Fitness from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Thursday, December 28th. Finally, Piper Jaffray Companies restated an “overweight” rating on shares of Planet Fitness in a report on Monday, December 18th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Planet Fitness has an average rating of “Buy” and an average price target of $32.88.
Planet Fitness (NYSE PLNT) opened at $32.37 on Monday. Planet Fitness has a twelve month low of $18.32 and a twelve month high of $35.03. The firm has a market cap of $3,184.01, a P/E ratio of 49.05, a P/E/G ratio of 1.91 and a beta of 1.00. 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 (NYSE:PLNT) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. Planet Fitness had a net margin of 11.44% and a negative return on equity of 44.91%. The business had revenue of $97.50 million for the quarter, compared to analyst estimates of $93.55 million. During the same period in the prior year, the business posted $0.16 earnings per share. Planet Fitness’s revenue was up 12.1% compared to the same quarter last year. equities analysts predict that Planet Fitness will post 0.82 EPS for the current fiscal year.
In other Planet Fitness news, CAO Richard L. Moore sold 1,640 shares of the company’s 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 $44,280. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Richard L. Moore sold 9,200 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $27.02, for a total transaction of $248,584.00. Following the completion of the sale, the chief accounting officer now directly owns 9,200 shares of the company’s stock, valued at approximately $248,584. The disclosure for this sale can be found here. Insiders sold 1,134,427 shares of company stock worth $34,941,422 over the last 90 days. 19.87% of the stock is currently owned by company insiders.
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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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