Life Time Group Earnings: Revenue Surges While EPS Falls Short

2 min read | October 24, 2024 12:28 PM PDT | By Team Kalkine Media

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Life Time Group (NYSE) reports earnings results with a slight miss on EPS expectations.

The company experiences significant revenue growth year-over-year.

Insider trading activity shows notable stock sales by executives.

Life Time Group (NYSE) recently released its earnings results, reporting earnings per share of $0.19 for the quarter, which fell short of analyst expectations of $0.20 by a narrow margin. Despite this slight miss, the company achieved a net margin of 4.54% and a return on equity of 5.36%. Notably, Life Time Group's revenue reached $693.20 million, surpassing analyst estimates of $684.13 million. This revenue reflects an impressive year-over-year increase of 18.5%.

The company has updated its guidance for fiscal year 2024, signaling continued confidence in its operations. During midday trading, Life Time Group's shares declined, reaching $23.17. A total of 1,087,757 shares changed hands, approaching its average volume. The stock has a 50-day simple moving average of $24.47 and a two-hundred-day simple moving average of $20.04.

Life Time Group's stock has seen significant price fluctuations, with a 52-week low of $11.10 and a high of $27.11. The company boasts a market capitalization of $4.61 billion, alongside a price-to-earnings ratio of 66.08 and a PEG ratio of 3.20, reflecting the stock's current valuation metrics. The company also maintains a current ratio of 0.44, a quick ratio of 0.32, and a debt-to-equity ratio of 0.77, indicating its financial position.

In recent insider trading activity, CFO Erik Weaver sold 4,662 shares of the firm's stock on October 15. This transaction amounted to a total value of $120,652.56 at an average price of $25.88. Post-sale, Weaver retains ownership of 75,866 shares valued at approximately $1,963,412.08. Additionally, Director John G. Danhakl sold 3,575,000 shares on August 14 for a total of $74,646,000. Following this sale, Danhakl holds 55,166,700 shares valued at about $1,151,880,696. Notably, over the past 90 days, corporate insiders have sold 4,229,662 shares valued at $88,338,653, representing 12.50% of the company's stock.

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