UBS Maintains a 'Neutral' on Life Time Fitness (LTM); Q1 Beats

UBS maintains a 'Neutral' on Life Time Fitness (NYSE: LTM) price target of $51.00.

Analyst, Michael Laaser, said, "For 1Q’12, membership dues were up 11%, enrollment fees declined by -24%, and in-center revenue was up 14.8%. Same-center revenue (13+ months) was up 5.4% while mature same-center revenue (37+ months) was up 5.0%."

With the results, LTM maintained FY’12 sales guidance of $1.110 – 1.135B (our $1.134B est) but increased EPS guidance (ex. $0.04 of share based compensation) to $2.69 - 2.77 vs. prior of $2.64 - 2.76 (& our $2.74 est. and cons. of $2.73)."

For an analyst ratings summary and ratings history on Life Time Fitness click here. For more ratings news on Life Time Fitness click here.

Shares of Life Time Fitness closed at $45.15 yesterday.

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