Life Time Fitness (LTM) to Release Quarterly Earnings on Thursday
Life Time Fitness (NYSE:LTM) will issue its Q313 quarterly earnings data on Thursday, October 24th. Analysts expect the company to announce earnings of $0.83 per share and revenue of $316.17 million for the quarter. Life Time Fitness has set its FY13 guidance at $2.89-$2.95 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.
Life Time Fitness (NYSE:LTM) last announced its earnings results on Thursday, July 25th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. The company had revenue of $308.10 million for the quarter, compared to the consensus estimate of $307.02 million. During the same quarter last year, the company posted $0.73 earnings per share. Life Time Fitness’s revenue was up 6.9% compared to the same quarter last year.
Shares of Life Time Fitness (NYSE:LTM) traded down 3.63% on Wednesday, hitting $48.80. 194,948 shares of the company’s stock traded hands. Life Time Fitness has a 52 week low of $39.10 and a 52 week high of $56.94. The stock’s 50-day moving average is $51.35 and its 200-day moving average is $48.42. The company has a market cap of $2.017 billion and a price-to-earnings ratio of 18.16.
A number of analysts have recently weighed in on LTM shares. Analysts at Feltl & Co. upgraded shares of Life Time Fitness from a “buy” rating to a “strong-buy” rating in a research note to investors on Friday, July 26th. They now have a $67.60 price target on the stock, up previously from $56.43. Analysts at Stifel Nicolaus raised their price target on shares of Life Time Fitness from $56.00 to $60.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $60.32.
Life Time Fitness, Inc, operates multi-use sports and athletic, professional fitness, family recreation and spa centers in a resort-like environment.
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