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

Life Time Group (NYSE:LTH) is scheduled to be announcing its earnings results before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Life Time Group has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Life Time Group (NYSE:LTH) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.10. The company had revenue of $558.80 million for the quarter, compared to analysts’ expectations of $555.51 million. Life Time Group had a net margin of 3.43% and a return on equity of 4.17%. Life Time Group’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 EPS. 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 Trading Up 0.3 %

NYSE:LTH opened at $14.15 on Monday. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $2.78 billion, a PE ratio of 37.24 and a beta of 1.74. The firm’s 50 day moving average is $14.19 and its 200 day moving average is $14.16. Life Time Group has a 12 month low of $11.10 and a 12 month high of $22.41.

Insider Activity

In other news, EVP Ritadhwaja Jebens Singh sold 10,828 shares of the business’s 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 approximately $2,742,700.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Ritadhwaja Jebens Singh sold 10,828 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $13.61, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Erik Weaver sold 5,269 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $12.77, for a total transaction of $67,285.13. Following the completion of the transaction, the chief financial officer now owns 86,967 shares of the company’s stock, valued at $1,110,568.59. The disclosure for this sale can be found here. Company insiders own 12.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Northland Securities assumed coverage on shares of Life Time Group in a research note on Tuesday, April 23rd. They issued an “outperform” rating and a $23.00 price objective for the company. Mizuho reduced their price objective on shares of Life Time Group from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Monday, March 4th. TheStreet upgraded shares of Life Time Group from a “d+” rating to a “c-” rating in a research note on Tuesday, January 23rd. Finally, Royal Bank of Canada lifted their price objective on shares of Life Time Group from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Life Time Group has a consensus rating of “Moderate Buy” and an average target price of $20.00.

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.