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

Life Time Group (NYSE:LTH) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.14-0.15 for the period, compared to the consensus 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.

Wall Street Analyst Weigh In

Several research analysts recently commented on LTH shares. Northland Securities increased their price target on Life Time Group from $28.50 to $29.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Morgan Stanley raised their target price 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. Evercore ISI assumed coverage on shares of Life Time Group in a research report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price target on the stock. Finally, Wells Fargo & Company lifted their price objective on shares of Life Time Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Life Time Group has a consensus rating of “Moderate Buy” and a consensus price target of $27.89.

Life Time Group Stock Performance

Shares of LTH stock opened at $25.05 on Thursday. Life Time Group has a 52 week low of $11.89 and a 52 week high of $27.11. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 36.30, a PEG ratio of 1.02 and a beta of 1.89. The company has a 50-day simple moving average of $23.51 and a 200 day simple moving average of $23.17. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59.

Life Time Group (NYSE:LTH) last issued 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 company’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 EPS. On average, sell-side analysts predict that Life Time Group will post 0.56 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Parham Javaheri sold 168,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 12.50% of the company’s stock.

About Life Time Group

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.