Target Hospitality (NASDAQ:TH) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Target Hospitality (NASDAQ:TH) released its quarterly earnings data on Wednesday. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05, Briefing.com reports. The business had revenue of $106.70 million during the quarter, compared to the consensus estimate of $101.97 million. Target Hospitality had a return on equity of 53.91% and a net margin of 29.53%. The firm’s revenue was down 27.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.40 earnings per share.

Target Hospitality Stock Performance

NASDAQ TH traded up $0.13 during trading on Thursday, reaching $11.65. The company’s stock had a trading volume of 182,086 shares, compared to its average volume of 549,992. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.47. Target Hospitality has a 12 month low of $8.49 and a 12 month high of $16.80. The firm has a 50 day moving average price of $10.25 and a 200 day moving average price of $10.42. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 7.48, a price-to-earnings-growth ratio of 1.17 and a beta of 2.06.

Analyst Ratings Changes

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

Target Hospitality Company Profile

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.