Target Hospitality (NASDAQ:TH) Posts Earnings Results, Beats Estimates By $0.06 EPS

Target Hospitality (NASDAQ:TH - Get Free Report) issued its earnings results on Wednesday. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.06 by $0.06, Briefing.com reports. Target Hospitality had a return on equity of 22.80% and a net margin of 20.84%. The company had revenue of $83.70 million during the quarter, compared to analyst estimates of $80.10 million. During the same quarter last year, the firm earned $0.29 EPS. The business's revenue was down 33.7% on a year-over-year basis.

Target Hospitality Stock Performance

Shares of NASDAQ:TH traded down $0.08 during midday trading on Friday, reaching $6.64. The company had a trading volume of 737,780 shares, compared to its average volume of 594,975. The company has a fifty day simple moving average of $7.71 and a two-hundred day simple moving average of $8.35. The firm has a market cap of $656.97 million, a price-to-earnings ratio of 7.63, a price-to-earnings-growth ratio of 1.81 and a beta of 2.15. Target Hospitality has a 1-year low of $4.00 and a 1-year high of $11.84.

Analyst Ratings Changes

A number of brokerages have weighed in on TH. Stifel Nicolaus cut their price target on shares of Target Hospitality from $10.00 to $5.00 and set a "hold" rating for the company in a report on Wednesday, February 26th. Northland Securities upgraded shares of Target Hospitality from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $11.00 to $15.00 in a report on Wednesday, January 29th. Finally, Northland Capmk upgraded shares of Target Hospitality from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 29th.

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Target Hospitality Company Profile

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.