Target Hospitality (TH) Set to Announce Earnings on Wednesday

Target Hospitality (NASDAQ:TH) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect Target Hospitality to post earnings of $0.15 per share for the quarter.

Target Hospitality (NASDAQ:TH) last announced its earnings results on Wednesday, March 13th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.05. Target Hospitality had a return on equity of 53.91% and a net margin of 29.53%. The company had revenue of $126.20 million during the quarter, compared to the consensus estimate of $118.00 million. During the same period last year, the firm earned $0.31 earnings per share. The company’s revenue was down 17.2% on a year-over-year basis. On average, analysts expect Target Hospitality to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Target Hospitality Trading Down 0.3 %

NASDAQ:TH opened at $11.20 on Friday. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 7.27, a price-to-earnings-growth ratio of 1.18 and a beta of 2.06. Target Hospitality has a one year low of $8.49 and a one year high of $16.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.57 and a current ratio of 2.57. The business’s 50-day simple moving average is $10.15 and its 200 day simple moving average is $10.51.

Analysts Set New Price Targets

A number of brokerages have issued reports on TH. Oppenheimer cut their target price on Target Hospitality from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Monday, March 25th. TheStreet lowered shares of Target Hospitality from a “b” rating to a “c+” rating in a research note on Monday, January 22nd. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $12.00 price objective (down from $13.00) on shares of Target Hospitality in a research note on Friday, April 12th.

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.