Life Time Group (LTH) to Release Quarterly Earnings on Wednesday

Life Time Group (NYSE:LTH) will be releasing its earnings data before the market opens on Wednesday, May 1st. Analysts expect Life Time Group to post earnings of $0.17 per share for the quarter. Life Time Group has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Life Time Group (NYSE:LTH) last released its earnings results on Wednesday, February 28th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.10. The firm had revenue of $558.80 million during the quarter, compared to analyst estimates of $555.51 million. Life Time Group had a return on equity of 4.17% and a net margin of 3.43%. Life Time Group’s revenue was up 18.2% compared to the same quarter last year. During the same period last year, the business posted $0.07 earnings per share. On average, analysts expect Life Time Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Life Time Group Stock Down 0.8 %

Shares of NYSE LTH opened at $14.03 on Tuesday. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 36.92, a price-to-earnings-growth ratio of 7.85 and a beta of 1.74. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.31 and a quick ratio of 0.22. The business has a 50-day moving average of $14.21 and a two-hundred day moving average of $14.16. Life Time Group has a 1 year low of $11.10 and a 1 year high of $22.41.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Royal Bank of Canada lifted their price target on Life Time Group from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Northland Securities assumed coverage on Life Time Group in a report on Tuesday, April 23rd. They set an “outperform” rating and a $23.00 price target for the company. Mizuho decreased their price target on Life Time Group from $26.00 to $23.00 and set a “buy” rating for the company in a report on Monday, March 4th. Finally, TheStreet raised Life Time Group from a “d+” rating to a “c-” rating in a report on Tuesday, January 23rd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Life Time Group presently has a consensus rating of “Moderate Buy” and an average price target of $20.00.

Insider Transactions at Life Time Group

In other news, EVP Ritadhwaja Jebens Singh sold 10,828 shares of Life Time Group stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $13.61, for a total transaction of $147,369.08. Following the sale, the executive vice president now owns 201,521 shares in the company, valued at $2,742,700.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Erik Weaver sold 5,269 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $12.77, for a total value of $67,285.13. Following the transaction, the chief financial officer now owns 86,967 shares in the company, valued at approximately $1,110,568.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 10,828 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $13.61, for a total value of $147,369.08. Following the completion of the transaction, the executive vice president now owns 201,521 shares in the company, valued at approximately $2,742,700.81. The disclosure for this sale can be found here. Insiders own 12.50% of the company’s stock.

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.