Life Time Group (NYSE:LTH) Issues Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Life Time Group (NYSE:LTH) posted its quarterly earnings results on Thursday. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01), Briefing.com reports. Life Time Group had a return on equity of 5.36% and a net margin of 4.54%. The firm had revenue of $693.20 million for the quarter, compared to analyst estimates of $684.13 million. During the same quarter last year, the firm earned $0.09 EPS. The company’s revenue was up 18.5% on a year-over-year basis. Life Time Group updated its FY 2024 guidance to EPS.

Life Time Group Price Performance

Life Time Group stock traded down $0.03 during trading hours on Friday, hitting $23.24. The stock had a trading volume of 356,600 shares, compared to its average volume of 1,105,203. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 64.61, a PEG ratio of 3.20 and a beta of 1.87. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.44 and a quick ratio of 0.32. Life Time Group has a 1-year low of $11.10 and a 1-year high of $27.11. The stock’s fifty day moving average is $24.47 and its two-hundred day moving average is $20.04.

Insider Buying and Selling at Life Time Group

In other Life Time Group news, CFO Erik Weaver sold 4,662 shares of Life Time Group stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $25.88, for a total value of $120,652.56. Following the completion of the sale, the chief financial officer now owns 75,866 shares in the company, valued at $1,963,412.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director John G. Danhakl sold 3,575,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total transaction of $74,646,000.00. Following the completion of the sale, the director now directly owns 55,166,700 shares of the company’s stock, valued at approximately $1,151,880,696. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Erik Weaver sold 4,662 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total value of $120,652.56. Following the completion of the sale, the chief financial officer now owns 75,866 shares of the company’s stock, valued at approximately $1,963,412.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,229,662 shares of company stock valued at $88,338,653 over the last quarter. Corporate insiders own 12.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Craig Hallum initiated coverage on shares of Life Time Group in a report on Friday, July 19th. They set a “buy” rating and a $30.00 price objective on the stock. The Goldman Sachs Group boosted their price target on shares of Life Time Group from $15.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Bank of America lifted their target price on Life Time Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Morgan Stanley increased 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. Finally, Northland Securities upped their price objective on Life Time Group from $27.00 to $28.50 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.56.

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.