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After finishing at $60.76 in the prior trading day, Planet Fitness Inc (NYSE: PLNT) closed at $59.35, down -2.32%. In other words, the price has decreased by -$2.32 from its previous closing price. On the day, 1.81 million shares were traded. PLNT stock price reached its highest trading level at $61.08 during the session, while it also had its lowest trading level at $58.93.
Ratios:
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 26.61. For the most recent quarter (mrq), Quick Ratio is recorded 1.86 and its Current Ratio is at 1.88.
On September 27, 2023, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $62.
JP Morgan Downgraded its Overweight to Neutral on September 19, 2023, whereas the target price for the stock was revised from $70 to $52.
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. On Jun 05 ’23, another insider, Rondeau Christopher, who serves as the Chief Executive Officer of the company, bought 10,000 shares for $64.98 each. As a result, the insider paid 649,850 and bolstered with 36,305 shares of the company.
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 5232853504 and an Enterprise Value of 7209999360. As of this moment, Planet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.56, and their Forward P/E ratio for the next fiscal year is 20.82. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.83. Its current Enterprise Value per Revenue stands at 6.73 whereas that against EBITDA is 16.525.
Stock Price History:
The Beta on a monthly basis for PLNT is 1.37, which has changed by -0.23508185 over the last 52 weeks, in comparison to a change of 0.2160933 over the same period for the S&P500. Over the past 52 weeks, PLNT has reached a high of $84.48, while it has fallen to a 52-week low of $44.13. The 50-Day Moving Average of the stock is -6.65%, while the 200-Day Moving Average is calculated to be -5.70%.
Shares Statistics:
The stock has traded on average 1.69M shares per day over the past 3-months and 1653850 shares per day over the last 10 days, according to various share statistics. A total of 87.10M shares are outstanding, with a floating share count of 86.79M. Insiders hold about 0.36% of the company’s shares, while institutions hold 109.48% stake in the company. Shares short for PLNT as of 1711584000 were 5521557 with a Short Ratio of 3.26, compared to 1709164800 on 4528192. Therefore, it implies a Short% of Shares Outstanding of 5521557 and a Short% of Float of 7.369999600000001.
Earnings Estimates
A comprehensive evaluation of Planet Fitness Inc (PLNT) is underway, with the input of 16 analysts contributing to its current rating.On average, analysts expect EPS of $0.51 for the current quarter, with a high estimate of $0.55 and a low estimate of $0.46, while EPS last year was $0.41. The consensus estimate for the next quarter is $0.69, with high estimates of $0.76 and low estimates of $0.58.
Analysts are recommending an EPS of between $2.57 and $2.45 for the fiscal current year, implying an average EPS of $2.48. EPS for the following year is $2.85, with 17 analysts recommending between $3.05 and $2.7.
Revenue Estimates
16 analysts predict $250.63M in revenue for the current quarter. It ranges from a high estimate of $262.7M to a low estimate of $235.3M. As of the current estimate, Planet Fitness Inc’s year-ago sales were $222.22M, an estimated increase of 12.80% from the year-ago figure. For the next quarter, 16 analysts are estimating revenue of $291.89M, an increase of 15.80% over than the figure of $12.80% in the same quarter last year. There is a high estimate of $308.4M for the next quarter, whereas the lowest estimate is $280M.
A total of 18 analysts have provided revenue estimates for PLNT’s current fiscal year. The highest revenue estimate was $1.16B, while the lowest revenue estimate was $1.13B, resulting in an average revenue estimate of $1.14B. In the same quarter a year ago, actual revenue was $1.07B, up 6.60% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $1.26B in the next fiscal year. The high estimate is $1.34B and the low estimate is $1.23B. The average revenue growth estimate for next year is up 10.60% from the average revenue estimate for this year.
