Brokerages Expect Target Hospitality Corp. (NASDAQ:TH) Will Post Quarterly Sales of $75.35 Million

Brokerages expect Target Hospitality Corp. (NASDAQ:TH) to report $75.35 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Target Hospitality’s earnings. The lowest sales estimate is $72.90 million and the highest is $77.80 million. Target Hospitality posted sales of $51.61 million in the same quarter last year, which indicates a positive year-over-year growth rate of 46%. The firm is scheduled to report its next quarterly earnings results on Tuesday, March 29th.

On average, analysts expect that Target Hospitality will report full year sales of $284.95 million for the current fiscal year, with estimates ranging from $282.50 million to $287.40 million. For the next financial year, analysts anticipate that the business will report sales of $320.10 million, with estimates ranging from $310.00 million to $330.20 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Target Hospitality.

Target Hospitality (NASDAQ:TH) last issued its quarterly earnings data on Friday, November 12th. The company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.05. Target Hospitality had a negative return on equity of 18.18% and a negative net margin of 6.35%. The company had revenue of $89.17 million during the quarter, compared to analyst estimates of $77.50 million. During the same quarter in the previous year, the company posted ($0.08) earnings per share.

Separately, Zacks Investment Research cut Target Hospitality from a “buy” rating to a “hold” rating in a research note on Saturday, January 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Target Hospitality currently has a consensus rating of “Buy” and a consensus price target of $4.70.

Shares of Target Hospitality stock traded up $0.10 during trading hours on Friday, hitting $3.51. The company’s stock had a trading volume of 69,818 shares, compared to its average volume of 92,382. The company has a debt-to-equity ratio of 3.52, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market cap of $357.45 million, a PE ratio of -19.50, a PEG ratio of 3.89 and a beta of 2.00. Target Hospitality has a 12-month low of $1.50 and a 12-month high of $5.49. The business has a 50 day moving average price of $3.75 and a two-hundred day moving average price of $3.76.

Large investors have recently bought and sold shares of the company. Morgan Stanley lifted its stake in Target Hospitality by 3.8% in the 1st quarter. Morgan Stanley now owns 114,661 shares of the company’s stock worth $288,000 after purchasing an additional 4,219 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Target Hospitality by 4.3% in the third quarter. Bank of New York Mellon Corp now owns 131,120 shares of the company’s stock worth $489,000 after acquiring an additional 5,391 shares in the last quarter. Barclays PLC grew its stake in shares of Target Hospitality by 165.5% in the third quarter. Barclays PLC now owns 10,191 shares of the company’s stock worth $38,000 after acquiring an additional 6,352 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Target Hospitality by 547.1% in the third quarter. BNP Paribas Arbitrage SA now owns 7,739 shares of the company’s stock worth $29,000 after acquiring an additional 6,543 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its stake in shares of Target Hospitality by 6.2% in the second quarter. Nuveen Asset Management LLC now owns 125,766 shares of the company’s stock worth $467,000 after acquiring an additional 7,395 shares in the last quarter. Hedge funds and other institutional investors own 19.96% of the company’s stock.

About Target Hospitality

Target Hospitality Corp. engages in the provision of rental accommodations with premium catering and value-added hospitality services. It operates through the following business segments: Permian Basin, Bakken Basin, and Government. The Permian Basin segment operates facilities in the Permian Basin region and communities in Texas and New Mexico.

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