Life Time Group (NYSE:LTH) Issues Q4 Earnings Guidance

Life Time Group (NYSE:LTH - Get Free Report) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $0.14-0.15 for the period, compared to the consensus EPS estimate of $0.11. The company issued revenue guidance of $661-663 million, compared to the consensus revenue estimate of $643.75 million. Life Time Group also updated its FY 2024 guidance to 0.910-0.920 EPS.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of 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 shares of Life Time Group in a research note on Friday, November 22nd. They set an "outperform" rating and a $29.00 price target on the stock. Morgan Stanley upped their price target 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, Northland Securities upped 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. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $27.89.

Life Time Group Price Performance

NYSE LTH traded up $1.52 on Thursday, hitting $26.59. The stock had a trading volume of 4,958,056 shares, compared to its average volume of 1,912,325. Life Time Group has a 52-week low of $11.89 and a 52-week high of $27.26. 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 price-to-earnings ratio of 38.54, a price-to-earnings-growth ratio of 1.02 and a beta of 1.89. The firm has a 50-day moving average of $23.54 and a 200-day moving average of $23.19.

Life Time Group (NYSE:LTH - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). The company had revenue of $693.20 million during the quarter, compared to the consensus estimate of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. Life Time Group's quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.09 EPS. Equities analysts expect that Life Time Group will post 0.56 EPS for the current year.

Insider Transactions at Life Time Group

In other news, EVP Parham Javaheri sold 168,000 shares of the stock in a transaction on 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 owns 243,938 shares of the company's stock, valued at $5,993,556.66. This represents a 40.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 12.50% of the company's stock.

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.