Target Hospitality (NASDAQ:TH) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Target Hospitality (NASDAQ:TH) released its earnings results on Thursday. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03, Zacks reports. Target Hospitality had a negative net margin of 3.08% and a negative return on equity of 1.77%. The firm had revenue of $99.36 million during the quarter, compared to the consensus estimate of $85.30 million. Target Hospitality updated its FY 2025 guidance to EPS.

Target Hospitality Trading Down 1.7%

Shares of Target Hospitality stock traded down $0.11 during trading hours on Friday, hitting $6.41. The company’s stock had a trading volume of 1,348,133 shares, compared to its average volume of 407,137. The business has a fifty day moving average of $8.01 and a 200 day moving average of $7.66. Target Hospitality has a 1-year low of $4.00 and a 1-year high of $11.10. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $639.59 million, a PE ratio of -58.27 and a beta of 1.82.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TH. Wall Street Zen lowered shares of Target Hospitality from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Target Hospitality in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus upgraded Target Hospitality from a “hold” rating to a “buy” rating and lifted their target price for the company from $7.50 to $11.00 in a report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Target Hospitality currently has a consensus rating of “Moderate Buy” and an average price target of $13.00.

Insiders Place Their Bets

In related news, EVP Troy C. Schrenk sold 49,344 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $8.58, for a total value of $423,371.52. Following the completion of the sale, the executive vice president directly owned 174,553 shares in the company, valued at approximately $1,497,664.74. This represents a 22.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Heidi Diane Lewis sold 9,000 shares of the business’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $7.09, for a total value of $63,810.00. Following the transaction, the executive vice president owned 163,198 shares in the company, valued at approximately $1,157,073.82. This represents a 5.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 70,600 shares of company stock valued at $593,931. 68.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Target Hospitality

A number of institutional investors and hedge funds have recently bought and sold shares of TH. AQR Capital Management LLC acquired a new stake in Target Hospitality in the first quarter valued at approximately $114,000. Strs Ohio purchased a new position in shares of Target Hospitality in the first quarter valued at $131,000. Royal Bank of Canada boosted its stake in shares of Target Hospitality by 3,549.2% in the first quarter. Royal Bank of Canada now owns 43,863 shares of the company’s stock valued at $289,000 after purchasing an additional 42,661 shares during the period. Caxton Associates LLP acquired a new stake in Target Hospitality during the 2nd quarter valued at $330,000. Finally, Rhumbline Advisers increased its stake in Target Hospitality by 6.2% during the 2nd quarter. Rhumbline Advisers now owns 50,373 shares of the company’s stock worth $359,000 after buying an additional 2,947 shares during the period. Hedge funds and other institutional investors own 32.40% of the company’s stock.

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.