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

Life Time Group (NYSE:LTH) is scheduled to be releasing its earnings data before the market opens on Wednesday, May 1st. Analysts expect Life Time Group to post earnings of $0.18 per share for the quarter. Life Time Group has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.09 by $0.10. Life Time Group had a net margin of 3.43% and a return on equity of 4.17%. The firm had revenue of $558.80 million for the quarter, compared to analyst estimates of $555.51 million. During the same period in the prior year, the business posted $0.07 EPS. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, analysts expect Life Time Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Life Time Group Stock Performance

Shares of LTH stock opened at $14.64 on Wednesday. The firm’s 50 day moving average price is $14.12 and its 200-day moving average price is $14.18. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.22 and a current ratio of 0.31. Life Time Group has a one year low of $11.10 and a one year high of $22.41. The firm has a market cap of $2.88 billion, a P/E ratio of 38.51 and a beta of 1.74.

Insider Buying and Selling at Life Time Group

In related news, CFO Erik Weaver sold 5,269 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $12.77, for a total value of $67,285.13. Following the transaction, the chief financial officer now directly owns 86,967 shares of the company’s stock, valued at approximately $1,110,568.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Erik Weaver sold 5,269 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $12.77, for a total value of $67,285.13. Following the transaction, the chief financial officer now directly owns 86,967 shares of the company’s stock, valued at approximately $1,110,568.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ritadhwaja Jebens Singh sold 10,828 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $13.61, for a total transaction of $147,369.08. Following the completion of the transaction, the executive vice president now directly owns 201,521 shares in the company, valued at $2,742,700.81. The disclosure for this sale can be found here. Insiders own 12.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LTH. Northland Securities began coverage on shares of Life Time Group in a report on Tuesday. They issued an “outperform” rating and a $23.00 price objective on the stock. Royal Bank of Canada increased their target price on shares of Life Time Group from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. TheStreet upgraded shares of Life Time Group from a “d+” rating to a “c-” rating in a report on Tuesday, January 23rd. Finally, Mizuho reduced their target price on shares of Life Time Group from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Monday, March 4th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.88.

About Life Time Group

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.