Life Time Group (NYSE:LTH) Releases 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.

Life Time Group Trading Up 6.1 %

Shares of LTH opened at $26.59 on Friday. Life Time Group has a fifty-two week low of $11.89 and a fifty-two week high of $27.26. The stock has a fifty day moving average of $23.54 and a two-hundred day moving average of $23.19. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. The company has a market capitalization of $5.50 billion, a PE ratio of 38.54, a price-to-earnings-growth ratio of 1.02 and a beta of 1.89.

Life Time Group (NYSE:LTH) last issued its earnings results 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). The firm had revenue of $693.20 million during the quarter, compared to analyst estimates of $684.13 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. Life Time Group’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 EPS. As a group, analysts forecast that Life Time Group will post 0.56 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, EVP Parham Javaheri sold 168,000 shares of the company’s 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 sale, the executive vice president now directly owns 243,938 shares of the company’s stock, valued at approximately $5,993,556.66. This represents a 40.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of Life Time Group stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $25.00, for a total transaction of $625,000.00. Following the completion of the transaction, the executive vice president now directly owns 191,626 shares of the company’s stock, valued at $4,790,650. This trade represents a 11.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.