Piper Sandler raised the price target for the Planet Fitness Inc. (NYSE:PLNT) stock from “an Overweight” to “a Neutral”. The rating was released on April 22, 2021. The research report from JP Morgan has downgraded the stock from Overweight to Neutral, with a price target set at $69. In their research brief published June 03, 2020, DA Davidson analysts reiterated the Planet Fitness Inc. stock to Buy with a price target of $86.
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $0.17 during the last quarter as opposed to a consensus estimate of $0.22, which indicates the company missed its estimate by -$0.05, which implies that the company surprised the market by -22.70%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2021) is $0.19. This is an average of 14 analysts’ earnings, where the high earnings per share estimate is $0.31 and the low earnings per share estimate is $0.11. According to 15 analyst estimates, an average revenue estimate of $122.69M is projected for the current quarter with a high revenue estimate of $143.9M and a low estimate of $105.65M.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Planet Fitness Inc. (NYSE:PLNT) dipped -1.77% to close Monday’s market session at $82.50, lower as compared to yesterday’s close. The stock price fluctuated between $82.42 and $84.79 throughout the trading session with the volume trading being 1319980 shares, which represented a significant variation when compared to the three months average volume of 1.31 million shares. The firm’s stock price fluctuated -2.59% within the last five trades and 5.07% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 36.16% in the last 6 months and 12.24% was added to its value over the previous 3 months. PLNT stock is trading at a margin of -2.72%, -0.05% and 16.27% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, PLNT deals in the Consumer Cyclical domain. The stock is trading -8.68 percent below its 52-week high and 79.86 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 39.48. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Planet Fitness Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 14.70 percent and the profit margin is -3.70 percent, and the company has reported a gross margin of 45.90 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $7.14 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 45.53. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 17.55 that mirrors the cost to be found for sales by the market.
Is Insider Trading a Real Thing?
O’Donnell Brian, the VP, Chief Accounting Officer at Planet Fitness Inc. (PLNT) has sold 77 shares of firm on Apr 12 at a price of $86.23 against the total amount of $6639.0. In another inside trade, O’Donnell Brian, VP, Chief Accounting Officer of Planet Fitness Inc. (NYSE:PLNT) sold 215 shares of the firm on Apr 05 for a total worth of $17170.0 at a price of $79.86. An inside trade which took place on Apr 05, Chief Operations Officer of Planet Fitness Inc. Bode William sold 446 shares of firm against total price of $35618.0 at the cost of $79.86 per share.