Life Time Group (NYSE:LTH) Releases 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.

Life Time Group Trading Up 3.9 %

Shares of LTH stock opened at $27.67 on Friday. Life Time Group has a 52-week low of $11.89 and a 52-week high of $27.74. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of 40.10, a P/E/G ratio of 1.02 and a beta of 1.89. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. The firm has a fifty day moving average of $23.63 and a 200-day moving average of $23.27.

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

Analyst Ratings Changes

LTH has been the topic of several analyst reports. Morgan Stanley upped their target price on shares of Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Evercore ISI began coverage on shares of Life Time Group in a report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price objective on the stock. Guggenheim reaffirmed a “buy” rating and issued a $32.00 target price (up previously from $29.00) on shares of Life Time Group in a research note on Friday. Wells Fargo & Company increased their price target on shares of Life Time Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Northland Securities raised their target price on shares of Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a report on Friday. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Life Time Group has a consensus rating of “Moderate Buy” and a consensus price target of $28.75.

Insider Transactions at Life Time Group

In other news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total transaction of $625,000.00. Following the sale, the executive vice president now directly owns 191,626 shares in the company, valued at approximately $4,790,650. The trade was a 11.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Parham Javaheri sold 168,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $24.57, for a total value of $4,127,760.00. Following the completion of the sale, the executive vice president now owns 243,938 shares in the company, valued at $5,993,556.66. The trade was a 40.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.