Planet Fitness, Inc. Common Sto (NYSE:PLNT):
Planet Fitness, Inc. to Report Third Quarter 2016 Results on October 26, 2016.
The company is trading down from yesterday’s close of $21.46.
Company shares last traded at $21.16 which is just over the 50 day moving average of $19.94 and which is just a bit higher than the 200 day moving average of $19.05. The 50 day moving average was up $1.22 or +6.12% whereas the 200 day moving average was up $2.11 or +11.05%.
As of the last earnings report the EPS was $-0.03 and is projected to be $0.47 for the current year with 98,579,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.17 and the next full year EPS is projected to be $0.79.
Several ratings firms have issued ratings on PLNT of late. August 15 investment analysts at Imperial Capital made no change to the company rating of “Outperform” but raised the price expectation to $25.00 from $22.00. On June 6, 2016 JP Morgan released its first research report on the stock with a rating of “Overweight” and setting a price target of $22.00.
On May 12 Imperial Capital kept the stock rating at “Outperform” and raised the price target from $21.00 to $22.00. Imperial Capital began coverage with an initial rating of “Outperform” and establishing a price target of $21.00.
Equity analyst Roth Capital starting coverage on PLNT setting a rating of “Buy” and a price target of $18.00. On December 3 analysts at Stephens & Co. initiated coverage on PLNT by announcing an initial rating of “Equal-weight” and projecting a price target of $19.00.