Life Time Guides FY Revenue to $3.38B-$3.39B
LTH sits 73% above its 52-week low of $24.14.
Summary
Life Time put fiscal-year revenue at $3.38B-$3.39B, a modest step up from the $866M in Q2 revenue it reported on July 30. The midpoint implies roughly 12-13% growth over the prior year, in line with the 14% YoY pace the company posted last quarter. No EPS or margin guidance accompanied the revenue range in the headline, so the profit picture is still unclear. The print lands after a stretch of heavy insider selling, including Leonard Green's $220.9M block in August and the board resignations of two Leonard Green-linked directors on August 27. In the third quarter, revenue was USD 893.5 Million versus the IBES estimate of USD 874.7 Million, and net income was $106.5M.
At the time of this announcement, LTH was trading at $41.88 on NYSE in the Trade & Services sector, with a market capitalization of approximately $9.6B. The 52-week trading range was $24.14 to $47.24. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.