Life Time Group (NYSE:LTH) Issues Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Key Points

• Earnings beat: Life Time reported Q earnings of $0.42 EPS versus the $0.34 consensus (beat by $0.08) and revenue of $788.7M (slightly above estimates), with revenue up 11.7% year-over-year and a net margin of 12.51%.
• Valuation and stock range: The stock opened at $26.20 with a market cap of $5.81B, a P/E of 15.78, PEG of 1.13, and a 1-year range of $24.14–$34.99.
• Insider activity and analyst sentiment: Senior executives (CFO and EVP) recently sold shares while insiders hold 13.3% and institutions 79.4%; analysts have a consensus "Buy" with an average price target of $40.13.

Life Time Group (NYSE:LTH - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.34 by $0.08, FiscalAI reports. The company had revenue of $788.70 million for the quarter, compared to the consensus estimate of $787.65 million. Life Time Group had a net margin of 12.51% and a return on equity of 10.20%. The firm's revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 EPS.

Life Time Group Price Performance

Life Time Group stock opened at $26.20 on Tuesday. The firm has a 50-day moving average of $26.94 and a two-hundred day moving average of $26.98. Life Time Group has a 1 year low of $24.14 and a 1 year high of $34.99. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 1.13 and a beta of 1.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.63 and a quick ratio of 0.52.

Insider Activity at Life Time Group

In other news, CFO Erik Weaver sold 1,329 shares of the company's stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $25.73, for a total value of $34,195.17. Following the completion of the sale, the chief financial officer owned 136,166 shares of the company's stock, valued at approximately $3,503,551.18. This represents a 0.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Parham Javaheri sold 11,060 shares of the company's stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $26.46, for a total transaction of $292,647.60. Following the completion of the sale, the executive vice president directly owned 315,175 shares of the company's stock, valued at $8,339,530.50. The trade was a 3.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 13.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Life Time Group

Hedge funds have recently modified their holdings of the business. CIBC Bancorp USA Inc. purchased a new stake in Life Time Group during the third quarter valued at approximately $400,000. Ieq Capital LLC lifted its position in Life Time Group by 5.8% during the fourth quarter. Ieq Capital LLC now owns 14,064 shares of the company's stock valued at $374,000 after acquiring an additional 772 shares during the last quarter. Fieldview Capital Management LLC purchased a new stake in Life Time Group during the fourth quarter valued at approximately $370,000. Creative Planning purchased a new stake in Life Time Group during the third quarter valued at approximately $335,000. Finally, Kestra Advisory Services LLC lifted its position in Life Time Group by 4.0% during the fourth quarter. Kestra Advisory Services LLC now owns 10,950 shares of the company's stock valued at $291,000 after acquiring an additional 420 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Guggenheim reiterated a "buy" rating and set a $36.00 price target on shares of Life Time Group in a report on Friday, January 23rd. Zacks Research upgraded shares of Life Time Group from a "hold" rating to a "strong-buy" rating in a report on Friday, April 24th. Northland Securities set a $42.00 price target on shares of Life Time Group in a report on Friday, January 23rd. Weiss Ratings reiterated a "hold (c+)" rating on shares of Life Time Group in a report on Thursday, January 22nd. Finally, Jefferies Financial Group started coverage on shares of Life Time Group in a research report on Tuesday, March 10th. They issued a "buy" rating and a $40.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Life Time Group has a consensus rating of "Buy" and an average price target of $40.13.

About Life Time Group

Life Time Group NYSE: LTH is a premier operator of health, fitness and lifestyle centers across North America. The company's core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.

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