In the latest session, Planet Fitness Inc (NYSE: PLNT) closed at $62.66 down -2.35% from its previous closing price of $64.17. In other words, the price has decreased by -$1.51 from its previous closing price. On the day, 1569844 shares were traded.
Ratios:
For a deeper understanding of Planet Fitness Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.09. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 5.46B and an Enterprise Value of 7.47B. As of this moment, Planet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 38.60, and their Forward P/E ratio for the next fiscal year is 21.94. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.09. Its current Enterprise Value per Revenue stands at 6.97 whereas that against EBITDA is 16.85.
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 64.84, while the 200-Day Moving Average is calculated to be 63.14.
Shares Statistics:
For the past three months, PLNT has traded an average of 1.65M shares per day and 2.18M over the past ten days. A total of 87.10M shares are outstanding, with a floating share count of 86.78M. Insiders hold about 0.36% of the company’s shares, while institutions hold 109.76% stake in the company. Shares short for PLNT as of Mar 15, 2024 were 4.77M with a Short Ratio of 2.89, compared to 3.75M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.48% and a Short% of Float of 6.37%.
Earnings Estimates
There are 16 different market analysts currently analyzing its stock. 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 $2.86, with 17 analysts recommending between $3.05 and $2.7.
Revenue Estimates
A total of 16 analysts believe the company’s revenue will be $249.72M this 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 12.40% from the year-ago figure. For the next quarter, 16 analysts are estimating revenue of $292.43M, an increase of 16.10% over than the figure of $12.40% 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 6.60% 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 $1.35B 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.
