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

Life Time Group (NYSE:LTH) will be releasing its earnings data before the market opens on Thursday, October 24th. Analysts expect Life Time Group to post earnings of $0.21 per share for the quarter. Life Time Group has set its FY 2024 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.10. Life Time Group had a net margin of 4.54% and a return on equity of 5.36%. The business had revenue of $667.80 million during the quarter, compared to analyst estimates of $634.92 million. During the same quarter last year, the business earned $0.08 EPS. The firm’s quarterly revenue was up 18.9% on a year-over-year basis. 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 Up 0.6 %

Life Time Group stock opened at $25.95 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.32 and a current ratio of 0.44. Life Time Group has a 52-week low of $11.10 and a 52-week high of $27.11. The firm has a 50 day moving average price of $24.41 and a two-hundred day moving average price of $20.00. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 72.08, a PEG ratio of 3.20 and a beta of 1.87.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LTH. Royal Bank of Canada raised their price target on shares of Life Time Group from $20.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Wells Fargo & Company raised their price target on shares of Life Time Group from $21.00 to $25.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Craig Hallum began coverage on shares of Life Time Group in a report on Friday, July 19th. They set a “buy” rating and a $30.00 price target for the company. Northland Securities raised their price target on shares of Life Time Group from $27.00 to $28.50 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Finally, Bank of America raised their price target on shares of Life Time Group from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.56.

Insider Activity at Life Time Group

In related news, major shareholder Partners Group Private Equity sold 650,000 shares of Life Time Group stock in a transaction 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 sale, the insider now owns 5,929,348 shares of the company’s stock, valued at approximately $123,804,786.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Life Time Group news, Director John G. Danhakl sold 3,575,000 shares of Life Time Group stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total transaction of $74,646,000.00. Following the transaction, the director now directly owns 55,166,700 shares of the company’s stock, valued at $1,151,880,696. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 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 directly owns 5,929,348 shares in the company, valued at $123,804,786.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,229,662 shares of company stock valued at $88,338,653. 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.