Life Time Group Holdings, Inc. Forecasted to Post Q1 2024 Earnings of $0.11 Per Share (NYSE:LTH)

Life Time Group Holdings, Inc. (NYSE:LTH) – Investment analysts at Northland Capmk issued their Q1 2024 earnings per share (EPS) estimates for shares of Life Time Group in a research note issued on Tuesday, April 23rd. Northland Capmk analyst O. Rickert forecasts that the company will post earnings per share of $0.11 for the quarter. The consensus estimate for Life Time Group’s current full-year earnings is $0.50 per share. Northland Capmk also issued estimates for Life Time Group’s Q2 2024 earnings at $0.11 EPS, Q3 2024 earnings at $0.12 EPS, Q4 2024 earnings at $0.10 EPS, FY2024 earnings at $0.45 EPS, Q1 2025 earnings at $0.13 EPS, Q2 2025 earnings at $0.15 EPS, Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.14 EPS and FY2025 earnings at $0.57 EPS.

Life Time Group (NYSE:LTH) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.10. The business had revenue of $558.80 million during the quarter, compared to analyst estimates of $555.51 million. Life Time Group had a return on equity of 4.17% and a net margin of 3.43%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period last year, the company earned $0.07 EPS.

Several other equities research analysts have also issued reports on the company. TheStreet raised Life Time Group from a “d+” rating to a “c-” rating in a research note on Tuesday, January 23rd. Mizuho decreased their price target on Life Time Group from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Royal Bank of Canada raised their price target on Life Time Group from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Finally, Northland Securities began coverage on Life Time Group in a research note on Tuesday, April 23rd. They set an “outperform” rating and a $23.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.00.

Life Time Group Price Performance

NYSE:LTH opened at $14.15 on Friday. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 37.24 and a beta of 1.74. Life Time Group has a 1 year low of $11.10 and a 1 year high of $22.41. The business has a 50 day simple moving average of $14.19 and a 200-day simple moving average of $14.17. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.31 and a quick ratio of 0.22.

Institutional Investors Weigh In On Life Time Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Trellus Management Company LLC purchased a new position in shares of Life Time Group in the 3rd quarter valued at $152,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Life Time Group by 62.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,306 shares of the company’s stock valued at $172,000 after acquiring an additional 4,330 shares during the period. Assetmark Inc. increased its holdings in shares of Life Time Group by 16.3% in the 3rd quarter. Assetmark Inc. now owns 12,172 shares of the company’s stock valued at $185,000 after acquiring an additional 1,702 shares during the period. Victory Capital Management Inc. purchased a new position in shares of Life Time Group in the 3rd quarter valued at $217,000. Finally, Arizona State Retirement System increased its holdings in shares of Life Time Group by 21.8% in the 3rd quarter. Arizona State Retirement System now owns 16,660 shares of the company’s stock valued at $253,000 after acquiring an additional 2,982 shares during the period. 79.40% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Life Time Group news, CFO Erik Weaver sold 5,269 shares of Life Time Group stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $12.77, for a total transaction of $67,285.13. Following the completion of the sale, the chief financial officer now directly owns 86,967 shares of the company’s stock, valued at approximately $1,110,568.59. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 10,828 shares of Life Time Group stock in a transaction on Friday, March 1st. The stock was sold at an average price of $13.61, for a total transaction of $147,369.08. Following the completion of the sale, the executive vice president now directly owns 201,521 shares of the company’s stock, valued at approximately $2,742,700.81. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Erik Weaver sold 5,269 shares of Life Time Group stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $12.77, for a total value of $67,285.13. Following the sale, the chief financial officer now directly owns 86,967 shares of the company’s stock, valued at $1,110,568.59. The disclosure for this sale can be found here. 12.50% of the stock is owned by corporate insiders.

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.