Life Time Fitness Inc. (LTM) Releases FY13 Earnings Guidance
Life Time Fitness Inc. (NYSE:LTM) issued an update on its FY13 earnings guidance on Thursday morning. The company provided EPS guidance of $2.91-2.93 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.93, StockRatingsNetwork reports. The company issued revenue guidance of $1.205-1.210, compared to the consensus revenue estimate of $1.21 billion.
Life Time Fitness Inc. (NYSE:LTM) opened at 48.34 on Thursday. Life Time Fitness Inc. has a 52-week low of $39.10 and a 52-week high of $56.94. The stock has a 50-day moving average of $51.35 and a 200-day moving average of $48.42. The company has a market cap of $1.998 billion and a P/E ratio of 17.33.
Life Time Fitness (NYSE:LTM) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.83 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.83. The company had revenue of $316.00 million for the quarter, compared to the consensus estimate of $316.17 million. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Analysts expect that Life Time Fitness Inc. will post $2.93 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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 research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price 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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