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

Life Time Group (NYSE:LTH) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.910-0.920 for the period, compared to the consensus earnings per share 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 Ratings Changes

LTH has been the subject of a number of recent research reports. Northland Securities boosted their price target on shares of Life Time Group from $28.50 to $29.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. 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 target on the stock. Wells Fargo & Company boosted their price objective on Life Time Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Finally, 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 note on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Life Time Group has an average rating of “Moderate Buy” and an average price target of $27.89.

Life Time Group Stock Up 11.2 %

Shares of NYSE:LTH opened at $27.88 on Thursday. Life Time Group has a 1 year low of $11.89 and a 1 year high of $27.88. The company has a market capitalization of $5.77 billion, a PE ratio of 40.41, a price-to-earnings-growth ratio of 1.02 and a beta of 1.89. The business has a fifty day moving average price of $23.51 and a two-hundred day moving average price of $23.17. 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 (NYSE:LTH) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The company had revenue of $693.20 million for the quarter, compared to analysts’ expectations of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the business posted $0.09 EPS. Analysts forecast that Life Time Group will post 0.56 earnings per share for the current year.

Insider Buying and Selling

In other Life Time Group news, EVP Parham Javaheri sold 168,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $24.57, for a total value of $4,127,760.00. Following the sale, the executive vice president now directly 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 12.50% of the stock is currently owned by insiders.

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.