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Planet Health (NYSE:PLNT) Updates FY22 Earnings Steering

Planet Health (NYSE:PLNT) Updates FY22 Earnings Steering

Planet Health (NYSE:PLNT – Get Ranking) up to date its FY22 earnings steering on Thursday. The corporate offered earnings per share steering of ~$1.51 for the interval, in comparison with the Thomson Reuters consensus earnings per share estimate of $1.77. The corporate issued income steering of ~$910 million, in comparison with the consensus income estimate of $940.44 million.

A number of analysis corporations have just lately commented on PLNT. Robert W. Baird lifted their goal worth on Planet Health from $100.00 to $110.00 and gave the corporate an outperform ranking in a analysis observe on Friday, November fifth. They famous that the transfer was a valuation name. Roth Capital boosted their worth goal on Planet Health from $100.00 to $110.00 and gave the corporate a purchase ranking in a report on Monday, November eighth. DA Davidson upped their goal worth on Planet Health from $105.00 to $110.00 and gave the inventory a purchase ranking in a report on Wednesday, January twelfth. Cowen upgraded Planet Health to a maintain ranking and upped their goal worth for the inventory from $100.00 to $110.00 in a report on Wednesday, January twelfth. Lastly, Morgan Stanley boosted their worth goal on Planet Health from $101.00 to $106.00 and gave the inventory an obese ranking in a analysis report on Wednesday, January twelfth. 4 analysis analysts have rated the inventory with a maintain ranking and 7 have assigned a purchase ranking to the corporate. Primarily based on information from MarketBeat.com, Planet Health presently has a median ranking of Purchase and a consensus goal worth of $99.91.

Shares of NYSE PLNT opened at $86.02 on Friday. The agency’s 50-day easy transferring common is $89.18 and its 200 day easy transferring common is $84.36. Planet Health has a fifty-two week low of $67.89 and a fifty-two week excessive of $99.60. The inventory has a market cap of $7.45 billion, a price-to-earnings ratio of 153.61, a PEG ratio of two.47 and a beta of 1.21.

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Planet Health (NYSE:PLNT – Get Ranking) final launched its earnings outcomes on Thursday, February twenty fourth. The corporate reported $0.26 earnings per share for the quarter, assembly analysts’ consensus estimates of $0.26. The corporate had income of $183.60 million for the quarter, in comparison with analysts’ expectations of $179.03 million. Planet Health had a web margin of 8.51% and a unfavourable return on fairness of 9.30%. Planet Health’s income for the quarter was up 37.2% on a year-over-year foundation. Throughout the identical quarter within the earlier yr, the corporate earned $0.17 EPS. As a gaggle, equities analysts predict that Planet Health will publish 0.82 EPS for the present fiscal yr.

Giant traders have just lately modified their holdings of the inventory. Paradigm Monetary Companions LLC bought a brand new stake in Planet Health within the 4th quarter valued at about $223,000. Stifel Monetary Corp purchased a brand new place in shares of Planet Health throughout the 4th quarter price roughly $253,000. Financial institution Julius Baer & Co. Ltd Zurich purchased a brand new place in shares of Planet Health throughout the 4th quarter price roughly $290,000. Metropolitan Life Insurance coverage Co NY elevated its stake in Planet Health by 12.7% throughout the 4th quarter. Metropolitan Life Insurance coverage Co NY now owns 4,330 shares of the corporate’s inventory valued at $392,000 after buying an extra 488 shares within the final quarter. Lastly, Mackenzie Monetary Corp acquired a brand new place in Planet Health throughout the 4th quarter valued at roughly $670,000. Institutional traders personal 96.38% of the corporate’s inventory.

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About Planet Health (Get Ranking)

Planet Health, Inc engages within the operation and franchising of health facilities. It operates by means of the next segments: Franchise, Company-Owned Shops, and Tools. The Franchise section consists of operations associated to the corporate’s franchising enterprise in the USA, Puerto Rico, Canada, the Dominican Republic, Panama, Mexico, and Australia.

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Earnings History and Estimates for Planet Fitness (NYSE:PLNT)

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