Life Time Group (NYSE:LTH) Releases Q4 2024 Earnings Guidance

Life Time Group (NYSE:LTH) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.240-0.250 for the period, compared to the consensus EPS estimate of 0.160. The company issued revenue guidance of $661.0 million-$663.0 million, compared to the consensus revenue estimate of $643.7 million. Life Time Group also updated its FY 2024 guidance to 0.910-0.920 EPS.

Life Time Group Stock Performance

Shares of Life Time Group stock opened at $26.59 on Friday. Life Time Group has a 52 week low of $11.89 and a 52 week high of $27.26. The company has a market capitalization of $5.50 billion, a PE ratio of 38.54, a price-to-earnings-growth ratio of 1.02 and a beta of 1.89. The stock’s fifty day moving average is $23.54 and its two-hundred day moving average is $23.19. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64.

Life Time Group (NYSE:LTH) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $693.20 million during the quarter, compared to the consensus estimate of $684.13 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. As a group, analysts expect that Life Time Group will post 0.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LTH. 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 lifted their target price on 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. Evercore ISI initiated coverage on 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, Northland Securities lifted their price objective on Life Time Group from $28.50 to $29.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.89.

Insider Transactions at Life Time Group

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