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

Life Time Group (NYSE:LTH) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.240-0.250 for the period, compared to the consensus EPS 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.

Life Time Group Trading Up 6.1 %

NYSE LTH opened at $26.59 on Friday. Life Time Group has a 12-month low of $11.89 and a 12-month high of $27.26. The company has a fifty day simple moving average of $23.54 and a two-hundred day simple moving average of $23.19. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The stock has a market cap of $5.50 billion, a P/E ratio of 38.54, a P/E/G ratio of 1.02 and a beta of 1.89.

Life Time Group (NYSE:LTH) last issued its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The firm had revenue of $693.20 million during the quarter, compared to analysts’ expectations of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The business’s revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the business earned $0.09 EPS. On average, analysts forecast that Life Time Group will post 0.56 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Northland Securities upped their target price on Life Time Group from $28.50 to $29.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Wells Fargo & Company increased their price objective on shares of Life Time Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Evercore ISI initiated coverage on shares of Life Time Group in a research report on Friday, November 22nd. They set an “outperform” rating and a $29.00 target price for the company. Finally, Morgan Stanley upped their price target on shares of Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.89.

Insider Activity at Life Time Group

In other news, EVP Parham Javaheri sold 168,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 243,938 shares of the company’s stock, valued at $5,993,556.66. This represents a 40.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $25.00, for a total value of $625,000.00. Following the transaction, the executive vice president now owns 191,626 shares in the company, valued at $4,790,650. This trade 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.