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

Life Time Group (NYSE:LTH - Get Free Report) 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 Price Performance

Shares of Life Time Group stock traded up $1.52 on Thursday, hitting $26.59. 4,958,058 shares of the company traded hands, compared to its average volume of 1,912,326. 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 $27.26. The firm's 50-day simple moving average is $23.54 and its 200 day simple moving average is $23.19. The company has a market cap of $5.50 billion, a P/E ratio of 38.54, a P/E/G ratio of 1.02 and a beta of 1.89.

Life Time Group (NYSE:LTH - Get Free Report) last announced its quarterly earnings results 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). Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The firm had revenue of $693.20 million during the quarter, compared to the consensus estimate of $684.13 million. During the same period last year, the business earned $0.09 EPS. Life Time Group's revenue was up 18.5% on a year-over-year basis. Analysts expect that Life Time Group will post 0.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, EVP Parham Javaheri sold 168,000 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president now directly owns 243,938 shares of the company's stock, valued at approximately $5,993,556.66. This trade represents a 40.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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.