Target Hospitality (NASDAQ:TH) Announces Earnings Results

Target Hospitality (NASDAQ:TH) released its earnings results on Monday. The company reported ($0.09) EPS for the quarter, FiscalAI reports. The firm had revenue of $129.06 million during the quarter, compared to the consensus estimate of $118.35 million. Target Hospitality had a negative net margin of 10.85% and a negative return on equity of 9.80%.

Target Hospitality Stock Performance

TH opened at $11.36 on Monday. The company’s 50 day moving average is $17.50 and its 200-day moving average is $14.81. Target Hospitality has a 1-year low of $5.97 and a 1-year high of $21.76. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.11. The company has a market cap of $1.13 billion, a P/E ratio of -29.89 and a beta of 1.56.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TH shares. Stifel Nicolaus set a $26.00 price objective on shares of Target Hospitality in a research note on Thursday, August 27th. Morgan Stanley boosted their price objective on shares of Target Hospitality from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday, September 14th. Oppenheimer upped their target price on Target Hospitality from $24.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $23.00 target price on shares of Target Hospitality in a report on Thursday, August 27th. Finally, Weiss Ratings lowered Target Hospitality from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.20.

Insider Buying and Selling

In related news, insider Troy C. Schrenk bought 5,907 shares of the firm’s stock in a transaction on Friday, September 18th. The shares were purchased at an average price of $21.16 per share, with a total value of $124,992.12. Following the completion of the purchase, the insider owned 216,995 shares in the company, valued at $4,591,614.20. This represents a 2.80% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO James Archer bought 13,385 shares of the firm’s stock in a transaction on Tuesday, September 15th. The shares were bought at an average cost of $18.69 per share, for a total transaction of $250,165.65. Following the purchase, the chief executive officer owned 1,845,441 shares of the company’s stock, valued at approximately $34,491,292.29. The trade was a 0.73% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 3.80% of the stock is owned by corporate insiders.

Target Hospitality Company Profile

Target Hospitality Corp. (NASDAQ: TH) provides specialty rental and hospitality services for organizations that require temporary or long-term workforce housing. The company develops and operates workforce accommodation communities and related facilities, offering an integrated alternative to traditional hotels or permanent housing in locations where lodging infrastructure is limited.

Its services generally include furnished lodging, food services, housekeeping, laundry, transportation, maintenance, recreation and other facility-management support.