Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
No matching data
Latest Views
Latest Views
Trending Topics
To quickly learn market dynamics and follow market focuses in 15 min.
In the world of mankind, there will not be a statement without any position, nor a remark without any purpose.
Inflation, exchange rates, and the economy shape the policy decisions of central banks; the attitudes and words of central bank officials also influence the actions of market traders.
Money makes the world go round and currency is a permanent commodity. The forex market is full of surprises and expectations.
Top Columnists
Enjoy exciting activities, right here at FastBull.
The latest breaking news and the global financial events.
I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.
BeingTrader chief Trading Coach & Speaker, 8+ years of experience in the forex market trading mainly XAUUSD, EUR/USD, GBP/USD, USD/JPY, and Crude Oil. A confident trader and analyst who aims to explore various opportunities and guide investors in the market. As an analyst I am looking to enhance the trader’s experience by supporting them with sufficient data and signals.
Latest Update
Risk Warning on Trading HK Stocks
Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
HK Stock Trading Fees and Taxation
Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
HK Non-Essential Consumer Goods Industry
The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
View All
No data
Not Logged In
Log in to access more features
FastBull Membership
Not yet
Purchase
Log In
Sign Up
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
Reporter Name | Coddington Elizabeth F |
Relationship | Chief Financial Officer |
Type | Sell |
Amount | $174,407 |
SEC Filing | Form 4 |
Elizabeth F Coddington, Chief Financial Officer of Peloton Interactive, sold 36,819 shares of Class A Common Stock on September 16, 2024, at a weighted average price of $4.7369, totaling $174,407. Following the transaction, Coddington directly owns 171,466 shares of the company.
SEC Filing: PELOTON INTERACTIVE, INC. [ PTON ] - Form 4 - Sep. 17, 2024
Shares of Planet Fitness, Inc. PLNT have gained 14.4% in the past three months compared with the Zacks Leisure and Recreation Services industry’s rise of 3%. Over the same timeframe, the Zacks Consumer Discretionary sector and S&P 500 have gained 5% and 2.2%, respectively.
PLNT is riding on a strong franchise model, disciplined expansion and a unique value proposition. Also, steady growth in foot traffic and improved web visit trends are aiding investor sentiments.
Technical indicators are supportive of PLNT’s strong performance. The stock was recently trading at $82.39 on Friday, above its 50-day moving average of $77.50 and the 200-day moving average of $69.42. This technical strength reflects positive market perception and confidence in PLNT's financial health and prospects. So, should investors pour more capital into Planet Fitness now? Let’s take a closer look.
Key Fundamentals Supporting PLNT's Stock Growth
Planet Fitness continues to differentiate itself in the high-value, low-price (HVLP) sector by focusing on creating a welcoming and inclusive member experience. The company’s "no gymtimidation" philosophy resonates well with its 19 million members. Its High School Summer Pass Program, which has attracted over 2.6 million teen participants, further emphasizes its commitment to fostering community and long-term membership growth.
In June 2024, Planet Fitness implemented a $15 pricing structure for new classic card members, which is expected to contribute to a low to mid-single-digit increase in average unit volume (AUV) over the next year. The company is also testing higher Black Card membership pricing, which could further enhance profitability and store-level returns if successful.
Planet Fitness focuses on reducing capital requirements for opening and operating its franchises and identifying ways to lower operating expenses. At the beginning of 2024, the company reported progress on the execution of this new business growth model to achieve the target of reducing new units and remodeling building costs by at least 10% before the end of 2024.
The company’s expansion into international markets, such as Spain, demonstrates its global potential. During the second quarter of 2024, the company opened its first European location in Barcelona and is exploring opportunities in high-growth areas with strong population density. Franchise growth remains a key driver of profitability, with franchisee profits directly enhancing corporate performance. The company’s asset-light franchise model also generates substantial free cash flow, supporting continued investment in growth initiatives and shareholder returns.
What May Pull Back PLNT Stock?
Planet Fitness’s asset-light franchise model generates strong free cash flow, but its recent debt financing raises questions. The company refinanced $600 million of debt and upsized the total to $800 million. Although this allowed for favorable interest rates compared to initial expectations, it still resulted in an increase in the company’s blended interest rate from 4.0% to 4.5%. With $2.2 billion in long-term debt and fixed-rate securitization, any economic downturn could strain Planet Fitness’s ability to manage its debt obligations effectively.
The equipment segment, which contributes a notable portion of overall revenue, is seeing a downward trend. In the second quarter, revenues from equipment sales dropped 8.4% year over year as franchisees shifted toward purchasing strength equipment over cardio machines, which generate less revenues per store. This decrease in equipment sales could continue to weigh on overall performance, particularly if store openings remain below expectations.
PLNT’s Rising Valuation & Estimates
Planet Fitness is trading at a premium relative to industry peers like Xponential Fitness, Inc. XPOF, Peloton Interactive, Inc. PTON and YETI Holdings, Inc. YETI. PLNT is trading at a forward 12-month price-to-earnings of 30.24X, higher than the industry average of 16.22X.
The Zacks Consensus Estimate for the company’s 2024 earnings per share (EPS) increased from $2.43 to $2.44 in the past 60 days. During the same period, the consensus mark for 2025 EPS moved up from $2.83 to $2.84.
Investment Verdict: Hold for Now
Planet Fitness presents a unique opportunity within the fitness industry through its HVLP business model, franchise-driven growth and strong brand positioning. The company’s ability to drive long-term membership growth, enhance profitability through pricing strategies, and expand internationally underscores its potential for sustained growth. However, concerns over rising debt levels, declining equipment sales, and a lofty valuation — trading at a premium compared to the industry — warrant caution.
For investors already holding PLNT stock, it may be wise to maintain their position and monitor the company’s ability to translate its strategies into sustainable long-term growth. For new investors, it might be prudent to wait for a more favorable entry point.
PLNT currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks Investment Research
Sept 11 (Reuters) - Peloton Interactive Inc PTON.O:
PELOTON EXEC: BELIEVES CO HAS MORE THAN REQUIRED CASH TO OPERATE BUSINESS-- GOLDMAN SACHS CONF.
PELOTON EXEC: CONTINUING TO EVALUATE CAPITAL ALLOCATION STRATEGY, STILL FOCUSSED ON DELEVERAGING
PELOTON EXEC: ESTIMATES AT-HOME TREADMILL PRODUCTS MARKET TO BE MORE THAN TWICE SIZE OF STATIONARY BIKE
PELOTON EXEC: CONSIDERING PRICING CHANGES FOR SOME PRODUCTS IN CERTAIN MARKETS
Further company coverage: PTON.O
NEW YORK, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Peloton Interactive, Inc. (Nasdaq: PTON) today announced that the company will be participating in the Goldman Sachs Communacopia & Technology Conference on Wednesday, September 11, 2024, at 10:10 AM PDT (1:10 PM EDT). Attending for Peloton will be Liz Coddington, Chief Financial Officer.
The live webcast and replay can be accessed in the Events section of the Company’s Investor Relations website: https://investor.onepeloton.com/news-and-events/events.
About Peloton
Peloton (NASDAQ: PTON), provides Members with expert instruction, and world class content to create impactful and entertaining workout experiences for anyone, anywhere and at any stage in their fitness journey. At home, outdoors, traveling, or at the gym, Peloton brings together immersive classes, cutting-edge technology and hardware, and the Peloton App with multiple tiers to personalize the Peloton experience [with or without equipment]. Founded in 2012 and headquartered in New York City, Peloton has millions of Members across the US, UK, Canada, Germany, Australia, and Austria. For more information, visit www.onepeloton.com.
Investor Relations Contact:investor@onepeloton.com
NEW YORK, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Peloton Interactive, Inc. (Nasdaq: PTON) today announced that the company will be participating in the Citi Global TMT Conference on Thursday, September 5, 2024, at 10:00 AM EDT. Attending for Peloton will be Liz Coddington, Chief Financial Officer.
The live webcast and replay can be accessed in the Events section of the Company’s Investor Relations website: https://investor.onepeloton.com/news-and-events/events.
About Peloton
Peloton (NASDAQ: PTON), provides Members with expert instruction, and world class content to create impactful and entertaining workout experiences for anyone, anywhere and at any stage in their fitness journey. At home, outdoors, traveling, or at the gym, Peloton brings together immersive classes, cutting-edge technology and hardware, and the Peloton App with multiple tiers to personalize the Peloton experience [with or without equipment]. Founded in 2012 and headquartered in New York City, Peloton has millions of Members across the US, UK, Canada, Germany, Australia, and Austria. For more information, visit www.onepeloton.com.
Investor Relations Contact:investor@onepeloton.com
Peloton Interactive Inc shares soared 35% on Thursday as the exercise equipment company showed it finally restored its sales growth for the first time in nine quarters. While Peloton delivered a mixed full year outlook, its quarterly results were well ahead of Wall Street estimates.
Fourth Quarter Highlights
For the quarter ended on June 30th, Peloton grew its revenue about 0.2% YoY to $643.6 million, surpassing LSEG’s estimate of $631 million. Although this is a slight increase of $1.5 million, Peloton managed to return to revenue growth during a typically slower quarter as summer is all about traveling and going out. Peloton was not able to achieve sales growth since 2021’s holiday quarter and this is typically its strongest season so the latest success is to be applauded. Although Peloton’s pricy connected fitness hardware continued to decline as it reported a sales drop of about 4%, subscription revenue increased 2.3%, with the segment’s gross margin also rising by 1 percentage point. To combat declining hardware sales, Peloton found a way to grow its subscription revenue through the secondary market, with revenue from this segment growing 16% YoY.
More importantly, Peloton significantly narrowed down its losses to $30.5 million, which is quite an improvement from the $241.1 million loss it reported during last year’s comparable quarter. Adjusted EBITDA amounted to $70 million which easily surpassed StreetAccount’s $53 million estimate. Unlike last year’s comparable quarter with negative $74 million in free cash flow and previous quarter with also a negative $8 million, this time round, Peloton generated $26 million in free cash flow. Peloton pulled it off by lowering its sales and marketing spending by $25.5 million or 19% YoY and it will continue to make such budget reductions through the current fiscal year.
Guidance
For the current quarter, Peloton guided for sales between $560 million and $580 million, which is lower compared to LSEG’s estimate of $609 million. However, Peloton guided for stronger EBITDA compared to StreetAccount’s estimate of $45 million as its outlook is in the range from $50 million to $60 million.
As for the full year, Peloton guided for sales in the range between $2.4 billion and $2.5 billion, which is lower than LSEG’s estimate of $2.7 billion.
The connected bike and treat maker company is doing its homework.
The connected fitness company has been working on improving its balance sheet by lowering its sales and marketing spending, shifting its growth focus towards profitability. The latest results show that Peloton is doing a good job at digging itself out of the red. The restructuring plan that Peloton announced earlier this year seems to be working. As part of its turnaround, Peloton is trimming 15% of its workforce to bring annualized cost savings of $200 million in by the end of fiscal 2025 and its financials are already benefiting from these cost-cutting measures. Going ahead, Peloton remains focused on improving the user experience, but the effects of subscriber growth are to be seen over the long haul and therefore, are not expected during the current fiscal year.
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
White Label
Data API
Web Plug-ins
Poster Maker
Affiliate Program
The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.
Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.