News articles about Planet Fitness (NYSE:PLNT) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Planet Fitness earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 44.8281173232466 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Planet Fitness (PLNT) Lifted to Buy at Zacks Investment Research (americanbankingnews.com)
- Planet Fitness (PLNT) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Worried About Trump’s Various Scandals? Buy Planet Fitness’ Stock (realmoney.thestreet.com)
- What Does This Breakout Stock Have In Common With Netflix, Nvidia, Grubhub? (finance.yahoo.com)
- Planet Fitness (PLNT) Raised to “Hold” at BidaskClub (americanbankingnews.com)
PLNT opened at $40.79 on Thursday. The firm has a market capitalization of $3,854.61, a P/E ratio of 48.56, a P/E/G ratio of 1.72 and a beta of 0.54. Planet Fitness has a 12-month low of $18.41 and a 12-month high of $41.08. The company has a debt-to-equity ratio of -5.09, a quick ratio of 1.56 and a current ratio of 1.58.
Planet Fitness (NYSE:PLNT) last issued its earnings results on Thursday, February 22nd. The company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.01. The company had revenue of $134.00 million for the quarter, compared to analysts’ expectations of $131.11 million. Planet Fitness had a net margin of 7.71% and a negative return on equity of 52.97%. The firm’s revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 earnings per share. equities research analysts anticipate that Planet Fitness will post 1.18 EPS for the current fiscal year.
Planet Fitness announced that its Board of Directors has authorized a share buyback program on Thursday, February 22nd that allows the company to buyback $80.00 million in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.
Several analysts recently issued reports on PLNT shares. Zacks Investment Research raised shares of Planet Fitness from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Thursday, December 28th. Jefferies Group cut shares of Planet Fitness from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Roth Capital set a $36.00 price target on shares of Planet Fitness and gave the company a “buy” rating in a report on Tuesday, February 20th. Bank of America upped their price target on shares of Planet Fitness from $39.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Finally, Imperial Capital upped their price target on shares of Planet Fitness from $33.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $37.00.
In other Planet Fitness news, CEO Christopher Rondeau sold 120,000 shares of the stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $34.47, for a total transaction of $4,136,400.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 16.38% of the stock is currently owned by corporate 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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