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

Life Time Group (NYSE:LTH) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.910-0.920 for the period, compared to the consensus EPS estimate of 0.790. The company issued revenue guidance of $2.6 billion-$2.6 billion, compared to the consensus revenue estimate of $2.6 billion. Life Time Group also updated its FY 2025 guidance to EPS.

Analyst Upgrades and Downgrades

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

Life Time Group Stock Performance

Shares of LTH stock opened at $27.88 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The company has a 50 day moving average price of $23.51 and a 200-day moving average price of $23.17. Life Time Group has a 52 week low of $11.89 and a 52 week high of $27.88. The firm has a market capitalization of $5.77 billion, a PE ratio of 40.41, a P/E/G ratio of 1.02 and a beta of 1.89.

Life Time Group (NYSE:LTH) last announced its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) 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 analysts’ expectations of $684.13 million. During the same period in the previous year, the business 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, equities research analysts expect 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 stock in a transaction dated 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 owns 243,938 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. 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.