Life Time Group Holdings, Inc. (NYSE:LTH) Expected to Post Earnings of -$0.28 Per Share

Equities research analysts predict that Life Time Group Holdings, Inc. (NYSE:LTHGet Rating) will report earnings of ($0.28) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Life Time Group’s earnings. The lowest EPS estimate is ($0.31) and the highest is ($0.24). The firm is expected to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Life Time Group will report full-year earnings of ($0.31) per share for the current year, with EPS estimates ranging from ($0.37) to ($0.24). For the next year, analysts anticipate that the business will post earnings of $0.37 per share, with EPS estimates ranging from $0.29 to $0.44. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Life Time Group.

Life Time Group (NYSE:LTHGet Rating) last announced its quarterly earnings data on Thursday, March 10th. The company reported ($1.64) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($1.42). The company had revenue of $360.50 million during the quarter, compared to analysts’ expectations of $356.93 million. Life Time Group’s revenue for the quarter was up 57.8% compared to the same quarter last year.

Several equities analysts have recently issued reports on LTH shares. Deutsche Bank Aktiengesellschaft decreased their target price on Life Time Group from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, March 11th. Morgan Stanley decreased their price objective on Life Time Group from $21.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday, March 11th. BMO Capital Markets decreased their price objective on Life Time Group from $20.00 to $14.00 and set a “market perform” rating for the company in a research report on Friday, March 11th. Zacks Investment Research upgraded Life Time Group from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Mizuho decreased their price objective on Life Time Group from $24.00 to $18.00 and set a “buy” rating for the company in a research report on Monday, March 14th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $19.22.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LTH. Advisor Group Holdings Inc. bought a new stake in Life Time Group in the 4th quarter valued at approximately $46,000. Legal & General Group Plc bought a new stake in shares of Life Time Group during the 4th quarter worth approximately $109,000. Strs Ohio bought a new stake in shares of Life Time Group during the 4th quarter worth approximately $154,000. Point72 Hong Kong Ltd bought a new stake in shares of Life Time Group during the 4th quarter worth approximately $162,000. Finally, Citigroup Inc. bought a new stake in shares of Life Time Group during the 4th quarter worth approximately $192,000.

Shares of Life Time Group stock traded up $0.40 during trading on Monday, hitting $15.34. 510,269 shares of the company were exchanged, compared to its average volume of 433,131. Life Time Group has a 1-year low of $10.53 and a 1-year high of $23.37. The stock has a fifty day moving average price of $14.65. The company has a current ratio of 0.32, a quick ratio of 0.22 and a debt-to-equity ratio of 0.85.

Life Time Group Company Profile (Get Rating)

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 sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.

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