Target Hospitality (NASDAQ:TH) Issues Earnings Results, Beats Expectations By $0.05 EPS

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

Target Hospitality Price Performance

NASDAQ TH opened at $11.66 on Friday. 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 firm’s 50 day moving average price is $10.25 and its 200-day moving average price is $10.42. Target Hospitality has a 52-week low of $8.49 and a 52-week high of $16.80. The company has a market cap of $1.17 billion, a PE ratio of 7.57, a P/E/G ratio of 1.17 and a beta of 2.06.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Oppenheimer reduced their target price 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. 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. Finally, TheStreet downgraded shares of Target Hospitality from a “b” rating to a “c+” rating in a research note on Monday, January 22nd.

Check Out Our Latest Research Report on TH

About Target Hospitality

(Get Free Report)

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.

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Earnings History for Target Hospitality (NASDAQ:TH)

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