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

Life Time Group (NYSE:LTH) is scheduled to 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.Investors that are interested in participating in the company’s conference call can do so using this link.

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

Life Time Group stock opened at $25.60 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.44 and a quick ratio of 0.32. Life Time Group has a 1-year low of $11.10 and a 1-year high of $27.11. The company has a market cap of $5.09 billion, a PE ratio of 71.11, a price-to-earnings-growth ratio of 3.20 and a beta of 1.87. The stock’s 50 day moving average price is $24.20 and its 200 day moving average price is $19.66.

Insider Transactions at Life Time Group

In other news, Director John G. Danhakl sold 3,575,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total value of $74,646,000.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, major shareholder Partners Group Private Equity sold 650,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was 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 directly owns 5,929,348 shares in the company, valued at approximately $123,804,786.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John G. Danhakl sold 3,575,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total value of $74,646,000.00. Following the completion of the transaction, the director now 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LTH shares. Royal Bank of Canada lifted their price target on Life Time Group from $20.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Morgan Stanley lifted their price objective on Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday. Bank of America lifted their price objective on Life Time Group from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Northland Securities lifted their price objective on Life Time Group from $27.00 to $28.50 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Finally, Wells Fargo & Company lifted their price objective on Life Time Group from $21.00 to $25.00 and gave the stock an “equal weight” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Life Time Group presently has a consensus rating of “Moderate Buy” and an average target price of $27.56.

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.