Life Time Group (NYSE:LTH) Releases Q4 2024 Earnings Guidance

Life Time Group (NYSE:LTH) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.240-0.250 for the period, compared to the consensus estimate of 0.160. The company issued revenue guidance of $661.0 million-$663.0 million, compared to the consensus revenue estimate of $643.7 million. Life Time Group also updated its FY 2024 guidance to 0.910-0.920 EPS.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Guggenheim reissued a “buy” rating and set a $32.00 price objective (up previously from $29.00) on shares of Life Time Group in a report on Friday. Evercore ISI initiated coverage on Life Time Group in a research report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price objective for the company. Wells Fargo & Company boosted their target price on Life Time Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday. Morgan Stanley boosted their target price on Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Finally, Northland Securities boosted their target price on Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $28.75.

Life Time Group Price Performance

Shares of NYSE LTH opened at $27.67 on Friday. Life Time Group has a twelve month low of $11.89 and a twelve month high of $27.74. The stock’s 50 day moving average price is $23.63 and its 200-day moving average price is $23.27. The company has a market capitalization of $5.73 billion, a PE ratio of 40.10, a PEG ratio of 1.02 and a beta of 1.89. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64.

Life Time Group (NYSE:LTH) last announced 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). Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The business had revenue of $693.20 million during the quarter, compared to analysts’ expectations of $684.13 million. During the same quarter in the previous year, the firm earned $0.09 EPS. Life Time Group’s quarterly revenue was up 18.5% on a year-over-year basis. On average, equities analysts anticipate that Life Time Group will post 0.56 EPS for the current year.

Insider Activity at Life Time Group

In other Life Time Group news, EVP Parham Javaheri sold 168,000 shares of the stock in a transaction 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 owns 243,938 shares in the company, valued at $5,993,556.66. This represents a 40.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total value of $625,000.00. Following the sale, the executive vice president now owns 191,626 shares in the company, valued at approximately $4,790,650. This represents a 11.54 % decrease in their position. The disclosure for this sale can be found here. 12.50% of the stock is owned by company 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.