Target Hospitality (NASDAQ:TH – Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.12 earnings per share for the quarter, beating 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 firm had revenue of $83.70 million during the quarter, compared to the consensus estimate of $80.10 million. During the same period in the previous year, the company posted $0.29 earnings per share. The firm’s quarterly revenue was down 33.7% on a year-over-year basis.
Target Hospitality Trading Up 3.1 %
NASDAQ TH opened at $6.72 on Friday. Target Hospitality has a 12-month low of $4.00 and a 12-month high of $11.84. The firm’s fifty day simple moving average is $7.79 and its two-hundred day simple moving average is $8.39. The firm has a market capitalization of $664.88 million, a P/E ratio of 7.72, a P/E/G ratio of 1.81 and a beta of 2.15.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on TH. Northland Capmk upgraded shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. Northland Securities upgraded Target Hospitality from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $11.00 to $15.00 in a report on Wednesday, January 29th. Finally, Stifel Nicolaus decreased their price objective on Target Hospitality from $10.00 to $5.00 and set a “hold” rating for the company in a research note on Wednesday, February 26th.
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.
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