Wall Street analysts predict that Target Hospitality Corp. (NYSE:TH) will post earnings per share of $0.06 for the current quarter, Zacks reports. Four analysts have made estimates for Target Hospitality’s earnings. The highest EPS estimate is $0.07 and the lowest is $0.04. Target Hospitality reported earnings per share of $0.21 in the same quarter last year, which indicates a negative year-over-year growth rate of 71.4%. The company is expected to issue its next earnings report before the market opens on Thursday, May 28th.

According to Zacks, analysts expect that Target Hospitality will report full year earnings of $0.09 per share for the current financial year, with EPS estimates ranging from ($0.04) to $0.31. For the next financial year, analysts forecast that the firm will post earnings of $0.11 per share, with EPS estimates ranging from ($0.02) to $0.36. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Target Hospitality.

Target Hospitality (NYSE:TH) last released its quarterly earnings data on Wednesday, March 11th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $76.11 million for the quarter, compared to analyst estimates of $76.39 million.

Several brokerages have commented on TH. Credit Suisse Group dropped their target price on shares of Target Hospitality from $5.50 to $4.25 and set an “outperform” rating on the stock in a report on Thursday, March 12th. Northland Securities downgraded shares of Target Hospitality from an “outperform” rating to a “hold” rating and lowered their price objective for the company from $8.00 to $2.00 in a report on Wednesday, April 1st. Deutsche Bank downgraded shares of Target Hospitality from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Stifel Nicolaus downgraded shares of Target Hospitality from a “buy” rating to a “hold” rating and lowered their price objective for the company from $11.00 to $4.00 in a report on Tuesday, March 10th. Finally, Zacks Investment Research upgraded shares of Target Hospitality from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Target Hospitality has an average rating of “Hold” and a consensus price target of $7.21.

TH stock traded up $0.15 during mid-day trading on Friday, hitting $1.72. 64,280 shares of the company were exchanged, compared to its average volume of 187,881. The firm’s 50 day simple moving average is $1.72 and its 200 day simple moving average is $3.93. Target Hospitality has a 1-year low of $1.19 and a 1-year high of $11.70.

In other news, Director Andrew P. Studdert bought 45,653 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were acquired at an average cost of $1.64 per share, for a total transaction of $74,870.92. Following the completion of the acquisition, the director now owns 115,653 shares in the company, valued at $189,670.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

A number of hedge funds have recently added to or reduced their stakes in TH. Creative Planning boosted its position in shares of Target Hospitality by 104.2% in the first quarter. Creative Planning now owns 37,090 shares of the company’s stock valued at $74,000 after acquiring an additional 18,930 shares during the period. Bank of America Corp DE boosted its position in shares of Target Hospitality by 12.5% in the fourth quarter. Bank of America Corp DE now owns 17,258 shares of the company’s stock valued at $86,000 after acquiring an additional 1,920 shares during the period. Squarepoint Ops LLC boosted its position in shares of Target Hospitality by 229.7% in the first quarter. Squarepoint Ops LLC now owns 49,908 shares of the company’s stock valued at $99,000 after acquiring an additional 34,770 shares during the period. State of Michigan Retirement System boosted its position in shares of Target Hospitality by 87.5% in the first quarter. State of Michigan Retirement System now owns 75,000 shares of the company’s stock valued at $149,000 after acquiring an additional 35,000 shares during the period. Finally, Stifel Financial Corp bought a new stake in shares of Target Hospitality in the fourth quarter valued at about $152,000.

Target Hospitality Company Profile

Target Hospitality Corp., through its subsidiaries, provides specialty rental accommodations with catering and value-added hospitality services in the United States. The company was formerly known as Platinum Eagle Acquisition Corp. and changed its name to Target Hospitality Corp. in March 2019. The company is headquartered in The Woodlands, Texas.

Further Reading: How to Invest in a Bull Market

Get a free copy of the Zacks research report on Target Hospitality (TH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Target Hospitality Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target Hospitality and related companies with MarketBeat.com's FREE daily email newsletter.