Life Time Group (NYSE:LTH) Updates Q4 Earnings Guidance

Life Time Group (NYSE:LTH) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.14-0.15 for the period, compared to the consensus earnings per share 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 Price Performance

Shares of NYSE LTH opened at $25.05 on Thursday. The business has a fifty day moving average price of $23.51 and a two-hundred day moving average price of $23.17. The stock has a market capitalization of $5.18 billion, a PE ratio of 36.30, 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 current ratio of 0.59 and a quick ratio of 0.46. Life Time Group has a fifty-two week low of $11.89 and a fifty-two week high of $27.11.

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 net margin of 5.67% and a return on equity of 6.42%. The company had revenue of $693.20 million during the quarter, compared to analyst estimates of $684.13 million. During the same period last year, the firm earned $0.09 EPS. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. As a group, equities analysts predict that Life Time Group will post 0.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on LTH shares. Morgan Stanley upped their target price on Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Wells Fargo & Company upped their price objective on Life Time Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Northland Securities raised their price objective on Life Time Group from $28.50 to $29.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Evercore ISI started coverage on Life Time Group in a research note on Friday, November 22nd. They set an “outperform” rating and a $29.00 target price for the company. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $27.89.

Insider Activity at Life Time Group

In other Life Time Group news, 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 transaction, the executive vice president now directly owns 243,938 shares in the company, valued at approximately $5,993,556.66. This represents a 40.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.50% of the stock is owned by company 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.