Life Time Group (NYSE:LTH) Issues Q4 Earnings Guidance

Life Time Group (NYSE:LTH) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $0.14-0.15 for the period, compared to the consensus EPS estimate of $0.11. The company issued revenue guidance of $661-663 million, compared to the consensus revenue estimate of $643.75 million. Life Time Group also updated its FY 2024 guidance to 0.910-0.920 EPS.

Life Time Group Price Performance

Shares of NYSE LTH opened at $25.05 on Thursday. The company has a fifty day moving average price of $23.51 and a 200 day moving average price of $23.17. Life Time Group has a 1-year low of $11.89 and a 1-year high of $27.11. The firm has a market cap of $5.18 billion, a PE ratio of 36.30, a PEG ratio of 1.02 and a beta of 1.89. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64.

Life Time Group (NYSE:LTH) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The firm had revenue of $693.20 million for the quarter, compared to the consensus estimate of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 earnings per share. Research analysts predict that Life Time Group will post 0.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Morgan Stanley lifted their price target on shares of Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Wells Fargo & Company upped their target price on Life Time Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Northland Securities raised their price target on Life Time Group from $28.50 to $29.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Evercore ISI began coverage on Life Time Group in a report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $27.89.

Insider Transactions at Life Time Group

In related news, EVP Parham Javaheri sold 168,000 shares of Life Time Group stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the completion of the sale, the executive vice president now directly owns 243,938 shares of the company’s stock, valued at approximately $5,993,556.66. This trade represents a 40.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 12.50% of the company’s stock.

Life Time Group Company Profile

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.