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

Life Time Group (NYSE:LTHGet Rating) is set to release its earnings data before the market opens on Wednesday, May 11th. Analysts expect the company to announce earnings of ($0.28) per share for the quarter. Life Time Group has set its Q1 2022 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Life Time Group (NYSE:LTHGet Rating) last released its quarterly earnings results on Thursday, March 10th. The company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.04. The company had revenue of $360.50 million for 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. On average, analysts expect Life Time Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

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

Hedge funds have recently bought and sold shares of the business. Bank of America Corp DE acquired a new position in Life Time Group during the fourth quarter valued at approximately $658,000. Cubist Systematic Strategies LLC purchased a new stake in Life Time Group during the fourth quarter valued at about $537,000. Wells Fargo & Company MN purchased a new position in Life Time Group during the 4th quarter worth approximately $425,000. Deutsche Bank AG purchased a new position in Life Time Group during the 4th quarter valued at about $417,000. Finally, California State Teachers Retirement System acquired a new position in Life Time Group in the 4th quarter worth about $364,000. 73.38% of the stock is owned by hedge funds and other institutional investors.

LTH has been the topic of a number of recent research reports. Mizuho reduced their target price on shares of Life Time Group from $24.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, March 14th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Life Time Group from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, March 11th. Royal Bank of Canada lowered their target price on shares of Life Time Group from $21.00 to $16.00 and set an “outperform” rating for the company in a research note on Friday, March 11th. Zacks Investment Research lowered Life Time Group from a “hold” rating to a “sell” rating in a research note on Thursday, April 28th. Finally, Morgan Stanley lowered 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $19.22.

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.

See Also

Receive News & Ratings for Life Time Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Life Time Group and related companies with MarketBeat.com's FREE daily email newsletter.