Life Time Group (LTH) Set to Announce Quarterly Earnings on Wednesday

Life Time Group (NYSE:LTH) is scheduled to announce its earnings results before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Life Time Group has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

Life Time Group (NYSE:LTH) last announced its earnings results on Wednesday, February 28th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.10. Life Time Group had a return on equity of 4.17% and a net margin of 3.43%. The firm had revenue of $558.80 million for the quarter, compared to the consensus estimate of $555.51 million. During the same quarter in the previous year, the business earned $0.07 EPS. The company’s revenue was up 18.2% compared to the same quarter last year. On average, analysts expect Life Time Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Life Time Group Price Performance

Shares of NYSE LTH opened at $14.64 on Wednesday. Life Time Group has a twelve month low of $11.10 and a twelve month high of $22.41. The stock’s 50 day moving average price is $14.12 and its 200-day moving average price is $14.18. The company has a market capitalization of $2.88 billion, a PE ratio of 38.51 and a beta of 1.74. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 0.82.

Insider Buying and Selling at Life Time Group

In other news, CFO Erik Weaver sold 5,269 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $12.77, for a total value of $67,285.13. Following the completion of the transaction, the chief financial officer now directly owns 86,967 shares of the company’s stock, valued at $1,110,568.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Ritadhwaja Jebens Singh sold 10,828 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $13.61, for a total value of $147,369.08. Following the sale, the executive vice president now owns 201,521 shares in the company, valued at $2,742,700.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Erik Weaver sold 5,269 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $12.77, for a total value of $67,285.13. Following the completion of the sale, the chief financial officer now owns 86,967 shares in the company, valued at approximately $1,110,568.59. The disclosure for this sale can be found here. Insiders own 12.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LTH shares. TheStreet upgraded Life Time Group from a “d+” rating to a “c-” rating in a research note on Tuesday, January 23rd. Royal Bank of Canada boosted their target price 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. Mizuho dropped their price objective on Life Time Group from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. Finally, Northland Securities initiated coverage on Life Time Group in a research note on Tuesday. They issued an “outperform” rating and a $23.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.88.

Life Time Group Company Profile

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.