Life Time Group (NYSE:LTH) Announces Earnings Results

Life Time Group (NYSE:LTH) issued its quarterly earnings results on Thursday. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.10, Briefing.com reports. The business had revenue of $667.80 million for the quarter, compared to analysts’ expectations of $634.92 million. Life Time Group had a net margin of 4.54% and a return on equity of 5.43%. The business’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.08 earnings per share. Life Time Group updated its FY 2024 guidance to EPS.

Life Time Group Stock Up 1.5 %

Shares of LTH traded up $0.33 on Friday, reaching $22.35. The company’s stock had a trading volume of 3,601,766 shares, compared to its average volume of 1,080,624. The company has a current ratio of 0.43, a quick ratio of 0.31 and a debt-to-equity ratio of 0.86. Life Time Group has a twelve month low of $11.10 and a twelve month high of $23.89. The stock has a market capitalization of $4.44 billion, a PE ratio of 62.08, a PEG ratio of 3.92 and a beta of 1.86. The firm has a fifty day moving average of $18.86 and a 200-day moving average of $15.83.

Wall Street Analyst Weigh In

A number of analysts have commented on LTH shares. Northland Securities upped their price target on shares of Life Time Group from $27.00 to $28.50 and gave the company an “outperform” rating in a research report on Friday. Craig Hallum initiated coverage on shares of Life Time Group in a report on Friday, July 19th. They set a “buy” rating and a $30.00 price objective on the stock. The Goldman Sachs Group upped their price objective on shares of Life Time Group from $15.00 to $22.00 and gave the company a “neutral” rating in a report on Friday. Mizuho upped their price objective on shares of Life Time Group from $23.00 to $29.00 and gave the company a “buy” rating in a report on Monday, May 6th. Finally, Wells Fargo & Company upped their price objective on shares of Life Time Group from $15.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Life Time Group has an average rating of “Moderate Buy” and a consensus price target of $24.93.

Insiders Place Their Bets

In other news, CEO Bahram Akradi acquired 39,000 shares of Life Time Group stock in a transaction on Friday, May 31st. The stock was acquired at an average cost of $16.76 per share, with a total value of $653,640.00. Following the transaction, the chief executive officer now owns 1,414,613 shares of the company’s stock, valued at approximately $23,708,913.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 12.50% of the stock is currently owned by insiders.

Life Time Group Company Profile

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.