Target Hospitality (NASDAQ:TH) Issues Earnings Results, Beats Estimates By $0.06 EPS

Target Hospitality (NASDAQ:TH) announced its quarterly earnings data on Wednesday. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06, Briefing.com reports. Target Hospitality had a return on equity of 22.80% and a net margin of 20.84%. The business had revenue of $83.70 million for the quarter, compared to analyst estimates of $80.10 million. During the same period in the prior year, the company earned $0.29 earnings per share. The company’s revenue was down 33.7% on a year-over-year basis.

Target Hospitality Stock Up 6.4 %

NASDAQ:TH opened at $6.52 on Thursday. The stock has a market capitalization of $645.10 million, a PE ratio of 7.49, a price-to-earnings-growth ratio of 1.81 and a beta of 2.15. Target Hospitality has a 52 week low of $4.00 and a 52 week high of $11.84. The stock’s 50-day moving average price is $7.87 and its 200-day moving average price is $8.40.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TH shares. Stifel Nicolaus reduced their price target on shares of Target Hospitality from $10.00 to $5.00 and set a “hold” rating for the company in a research report on Wednesday, February 26th. Northland Securities upgraded shares of Target Hospitality from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $11.00 to $15.00 in a research report on Wednesday, January 29th. Finally, Northland Capmk raised Target Hospitality from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 29th.

About Target Hospitality

Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America. The company operates through two segments, Hospitality & Facilities Services – South and Government. It owns a network of specialty rental accommodation units. In addition, the company provides catering and food, maintenance, housekeeping, grounds-keeping, security, health and recreation facilities, workforce community management, concierge, and laundry services.