Analysts Anticipate Life Time Group Holdings, Inc. (NYSE:LTH) Will Post Quarterly Sales of $458.02 Million

Equities analysts expect that Life Time Group Holdings, Inc. (NYSE:LTHGet Rating) will report sales of $458.02 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Life Time Group’s earnings, with the lowest sales estimate coming in at $455.64 million and the highest estimate coming in at $460.40 million. The firm is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Life Time Group will report full-year sales of $1.88 billion for the current fiscal year, with estimates ranging from $1.87 billion to $1.88 billion. For the next fiscal year, analysts anticipate that the business will post sales of $2.32 billion, with estimates ranging from $2.25 billion to $2.39 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts 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 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. The firm’s revenue for the quarter was up 57.8% compared to the same quarter last year.

A number of analysts recently issued reports on the company. Morgan Stanley decreased their price objective on Life Time Group from $21.00 to $17.00 and set an “equal weight” rating on the stock in a research note 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 on the stock in a research note on Friday, March 11th. Royal Bank of Canada reduced their target price on Life Time Group from $21.00 to $16.00 and set an “outperform” 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 and set a $15.00 target price for the company in a research report on Thursday, May 12th. Finally, Mizuho reduced their target price 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 research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $18.80.

Several institutional investors and hedge funds have recently bought and sold shares of LTH. Advisor Group Holdings Inc. bought a new stake in shares of Life Time Group in the 4th quarter valued at about $46,000. UBS Group AG lifted its stake in shares of Life Time Group by 88.4% in the 1st quarter. UBS Group AG now owns 4,682 shares of the company’s stock valued at $68,000 after acquiring an additional 2,197 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of Life Time Group in the 4th quarter valued at about $109,000. Marks Group Wealth Management Inc bought a new stake in shares of Life Time Group in the 1st quarter valued at about $150,000. Finally, Strs Ohio bought a new stake in shares of Life Time Group in the 4th quarter valued at about $154,000. Hedge funds and other institutional investors own 73.38% of the company’s stock.

Shares of LTH opened at $14.34 on Wednesday. The stock’s fifty day moving average price is $14.39 and its two-hundred day moving average price is $16.18. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.24 and a current ratio of 0.35. Life Time Group has a 1 year low of $10.53 and a 1 year high of $23.37.

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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