Balance Sheet Dive: Planet Fitness Inc (PLNT)’s Debt-to-Equity and Long-Term Debt/Eq Ratios

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After finishing at $63.25 in the prior trading day, Planet Fitness Inc (NYSE: PLNT) closed at $65.64, up 3.78%. In other words, the price has increased by $3.78 from its previous closing price. On the day, 1.6 million shares were traded. PLNT stock price reached its highest trading level at $65.68 during the session, while it also had its lowest trading level at $62.81.


Our goal is to gain a better understanding of PLNT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.43. For the most recent quarter (mrq), Quick Ratio is recorded 2.02 and its Current Ratio is at 2.04.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Stifel on May 10, 2024, Downgraded its rating to Hold and sets its target price to $70 from $80 previously.

On October 16, 2023, Exane BNP Paribas Upgraded its rating to Neutral which previously was Underperform but kept the price unchanged to $45.

On September 27, 2023, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $62.Morgan Stanley initiated its Overweight rating on September 27, 2023, with a $62 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 11 ’23 when BENSON CRAIG R bought 10,000 shares for $68.15 per share. The transaction valued at 681,464 led to the insider holds 35,000 shares of the business.

Rondeau Christopher sold 1,000,000 shares of PLNT for $66,550,000 on Dec 06 ’23. The Director now owns 0 shares after completing the transaction at $66.55 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PLNT now has a Market Capitalization of 5788088832 and an Enterprise Value of 7749732864. As of this moment, Planet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.53, and their Forward P/E ratio for the next fiscal year is 23.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.24. Its current Enterprise Value per Revenue stands at 7.083 whereas that against EBITDA is 17.159.

Stock Price History:

Over the past 52 weeks, PLNT has reached a high of $75.86, while it has fallen to a 52-week low of $44.13. The 50-Day Moving Average of the stock is 5.47%, while the 200-Day Moving Average is calculated to be 5.22%.

Shares Statistics:

The stock has traded on average 1.89M shares per day over the past 3-months and 1549500 shares per day over the last 10 days, according to various share statistics. A total of 87.53M shares are outstanding, with a floating share count of 87.20M. Insiders hold about 0.37% of the company’s shares, while institutions hold 110.65% stake in the company. Shares short for PLNT as of 1715731200 were 7352269 with a Short Ratio of 3.89, compared to 1713139200 on 6311416. Therefore, it implies a Short% of Shares Outstanding of 7352269 and a Short% of Float of 9.7600006.

Earnings Estimates

Investors are keenly observing as 16.0 analysts analyze and rate the current performance of Planet Fitness Inc (PLNT) in the stock market.On average, analysts expect EPS of $0.66 for the current quarter, with a high estimate of $0.72 and a low estimate of $0.62, while EPS last year was $0.65. The consensus estimate for the next quarter is $0.59, with high estimates of $0.64 and low estimates of $0.52.

Analysts are recommending an EPS of between $2.52 and $2.4 for the fiscal current year, implying an average EPS of $2.43. EPS for the following year is $2.8, with 17.0 analysts recommending between $2.97 and $2.59.

Revenue Estimates

15 analysts predict $291.29M in revenue for the current quarter. It ranges from a high estimate of $304M to a low estimate of $277M. As of the current estimate, Planet Fitness Inc’s year-ago sales were $251.97MFor the next quarter, 15 analysts are estimating revenue of $287.7M. There is a high estimate of $306.4M for the next quarter, whereas the lowest estimate is $265M.

A total of 17 analysts have provided revenue estimates for PLNT’s current fiscal year. The highest revenue estimate was $1.18B, while the lowest revenue estimate was $1.12B, resulting in an average revenue estimate of $1.13B. In the same quarter a year ago, actual revenue was $1.07BBased on 17 analysts’ estimates, the company’s revenue will be $1.25B in the next fiscal year. The high estimate is $1.31B and the low estimate is $1.21B.

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