The price of Planet Fitness Inc (NYSE: PLNT) closed at $56.46 in the last session, down -5.44% from day before closing price of $59.71. In other words, the price has decreased by -$3.25 from its previous closing price. On the day, 6399213 shares were traded.
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Ratios:
We take a closer look at PLNT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.83. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 5.20B and an Enterprise Value of 7.21B. As of this moment, Planet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.78, and their Forward P/E ratio for the next fiscal year is 19.80. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.50. Its current Enterprise Value per Revenue stands at 6.73 whereas that against EBITDA is 16.26.
Stock Price History:
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 67.78, while the 200-Day Moving Average is calculated to be 63.54.
Shares Statistics:
According to the various share statistics, PLNT traded on average about 1.36M shares per day over the past 3-months and 1.38M shares per day over the past 10 days. A total of 86.76M shares are outstanding, with a floating share count of 84.78M. Insiders hold about 0.77% of the company’s shares, while institutions hold 112.04% stake in the company. Shares short for PLNT as of Feb 29, 2024 were 4.53M with a Short Ratio of 3.33, compared to 3.62M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.20% and a Short% of Float of 5.21%.
Earnings Estimates
The company has 16 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.51 for the current quarter, with a high estimate of $0.56 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 $2.49. EPS for the following year is $2.85, with 17 analysts recommending between $3.05 and $2.7.
Revenue Estimates
According to 16 analysts, the current quarter’s revenue is expected to be $251.33M. It ranges from a high estimate of $272M 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 13.10% from the year-ago figure. For the next quarter, 16 analysts are estimating revenue of $292.74M, an increase of 16.20% over than the figure of $13.10% in the same quarter last year. There is a high estimate of $308.4M for the next quarter, whereas the lowest estimate is $281M.
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 6.70% 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 $1.35B 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.
