Life Time Group (LTH) Set to Announce Earnings on Thursday

Life Time Group (NYSE:LTH) will release its earnings data before the market opens on Thursday, October 24th. Analysts expect Life Time Group to post earnings of $0.19 per share for the quarter. Life Time Group has set its FY 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Life Time Group (NYSE:LTH) last posted its earnings results on Thursday, August 1st. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.10. The firm had revenue of $667.80 million during the quarter, compared to the consensus estimate of $634.92 million. Life Time Group had a return on equity of 5.36% and a net margin of 4.54%. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.08 EPS. 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 1.7 %

NYSE LTH opened at $25.60 on Thursday. Life Time Group has a 52 week low of $11.10 and a 52 week high of $27.11. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 71.11, a PEG ratio of 3.20 and a beta of 1.87. The company has a fifty day moving average of $24.20 and a two-hundred day moving average of $19.66. The company has a quick ratio of 0.32, a current ratio of 0.44 and a debt-to-equity ratio of 0.77.

Insider Transactions at Life Time Group

In related news, major shareholder Partners Group Private Equity sold 650,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total transaction of $13,572,000.00. Following the transaction, the insider now owns 5,929,348 shares in the company, valued at $123,804,786.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director John G. Danhakl sold 3,575,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total transaction of $74,646,000.00. Following the transaction, the director now owns 55,166,700 shares in the company, valued at $1,151,880,696. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Partners Group Private Equity sold 650,000 shares of Life Time Group stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total value of $13,572,000.00. Following the completion of the transaction, the insider now owns 5,929,348 shares in the company, valued at $123,804,786.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LTH. Bank of America boosted their price target on Life Time Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. The Goldman Sachs Group upped their target price on Life Time Group from $15.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Wells Fargo & Company upped their target price on Life Time Group from $21.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday. Craig Hallum started coverage on Life Time Group in a research report on Friday, July 19th. They issued a “buy” rating and a $30.00 target price on the stock. Finally, Royal Bank of Canada upped their target price on Life Time Group from $20.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Life Time Group presently has an average rating of “Moderate Buy” and a consensus price target of $27.56.

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.