Target Hospitality (NASDAQ:TH) Releases Earnings Results, Beats Expectations By $0.01 EPS

Target Hospitality (NASDAQ:TH) announced its quarterly earnings results on Wednesday. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01, Briefing.com reports. The business had revenue of $100.72 million for the quarter, compared to the consensus estimate of $101.25 million. Target Hospitality had a net margin of 27.37% and a return on equity of 41.41%. Target Hospitality’s revenue for the quarter was down 29.9% on a year-over-year basis. During the same period last year, the company posted $0.44 EPS.

Target Hospitality Price Performance

TH stock traded down $0.15 during midday trading on Friday, reaching $9.87. The company had a trading volume of 416,711 shares, compared to its average volume of 581,973. The company has a market capitalization of $989.73 million, a price-to-earnings ratio of 7.26, a price-to-earnings-growth ratio of 1.00 and a beta of 2.14. The stock has a 50 day moving average price of $8.97 and a 200-day moving average price of $9.81. Target Hospitality has a 1-year low of $6.11 and a 1-year high of $16.73. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.78 and a quick ratio of 2.78.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus restated a “hold” rating and set a $12.00 target price (down from $13.00) on shares of Target Hospitality in a report on Friday, April 12th.

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.