Life Time Group (NYSE:LTH) Updates 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 (EPS) guidance of 0.910-0.920 for the period, compared to the consensus 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 subject of a number of recent analyst reports. Northland Securities lifted their price objective on shares of Life Time Group from $28.50 to $29.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Wells Fargo & Company lifted their price target on Life Time Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Evercore ISI assumed coverage on Life Time Group in a research report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price target on the stock. Finally, Morgan Stanley raised their price objective on Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Life Time Group presently has a consensus rating of “Moderate Buy” and an average price target of $27.89.

Life Time Group Price Performance

NYSE:LTH opened at $25.05 on Thursday. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. Life Time Group has a 12 month low of $11.89 and a 12 month high of $27.11. The firm has a market cap of $5.18 billion, a P/E ratio of 36.30, a price-to-earnings-growth ratio of 1.02 and a beta of 1.89. The stock has a 50 day moving average of $23.51 and a two-hundred day moving average of $23.17.

Life Time Group (NYSE:LTH) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.19 earnings per share 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 firm had revenue of $693.20 million during the quarter, compared to analysts’ expectations of $684.13 million. During the same quarter in the previous year, the business posted $0.09 EPS. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, analysts expect that Life Time Group will post 0.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Parham Javaheri sold 168,000 shares of Life Time Group stock in a transaction that occurred on 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 transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 12.50% of the stock is currently owned by company 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.