$386.43 Million in Sales Expected for Life Time Group Holdings, Inc. (NYSE:LTH) This Quarter

Analysts predict that Life Time Group Holdings, Inc. (NYSE:LTHGet Rating) will post $386.43 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Life Time Group’s earnings, with estimates ranging from $386.30 million to $386.55 million. The company is expected to report its next earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Life Time Group will report full-year sales of $1.85 billion for the current year, with estimates ranging from $1.84 billion to $1.85 billion. For the next financial year, analysts expect that the firm will post sales of $2.31 billion, with estimates ranging from $2.23 billion to $2.39 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Life Time Group.

Life Time Group (NYSE:LTHGet Rating) last announced its earnings results on Thursday, March 10th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.04. The firm had revenue of $360.50 million during the quarter, compared to analyst estimates of $356.93 million. Life Time Group’s revenue was up 57.8% on a year-over-year basis.

A number of brokerages recently issued reports on LTH. Royal Bank of Canada dropped their target price on Life Time Group from $21.00 to $16.00 and set an “outperform” rating on the stock in a research report on Friday, March 11th. Morgan Stanley lowered their price target on Life Time Group from $21.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Friday, March 11th. BMO Capital Markets lowered their price target on Life Time Group from $20.00 to $14.00 and set a “market perform” rating on the stock in a research report on Friday, March 11th. Zacks Investment Research lowered Life Time Group from a “hold” rating to a “sell” rating in a research report on Thursday, April 28th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Life Time Group from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, March 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Life Time Group currently has an average rating of “Hold” and a consensus target price of $19.22.

Shares of Life Time Group stock opened at $14.38 on Wednesday. The business’s 50 day simple moving average is $14.30 and its 200 day simple moving average is $16.56. Life Time Group has a 52-week low of $10.53 and a 52-week high of $23.37. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.32 and a quick ratio of 0.22.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. bought a new stake in Life Time Group in the 4th quarter valued at $46,000. Legal & General Group Plc bought a new stake in Life Time Group in the 4th quarter valued at $109,000. Strs Ohio bought a new stake in Life Time Group in the 4th quarter valued at $154,000. Point72 Hong Kong Ltd bought a new stake in Life Time Group in the 4th quarter valued at $162,000. Finally, Citigroup Inc. bought a new stake in Life Time Group in the 4th quarter valued at $192,000. Institutional investors and hedge funds own 73.38% of the company’s stock.

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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