Target Hospitality (NASDAQ:TH) Releases Quarterly Earnings Results

Key Points

• Target Hospitality reported a quarterly loss of $0.09 per share, while revenue of $129.06 million exceeded analyst estimates of $118.35 million.
• The company posted a negative net margin of 10.85% and negative return on equity of 9.80%.
• Analysts hold a consensus “Moderate Buy” rating with a $25.20 price target, and the CEO and another insider recently purchased shares.

Target Hospitality (NASDAQ:TH - Get Free Report) posted its earnings results on Monday. The company reported ($0.09) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $129.06 million for the quarter, compared to analyst estimates of $118.35 million. Target Hospitality had a negative return on equity of 9.80% and a negative net margin of 10.85%.

Target Hospitality Stock Performance

NASDAQ TH opened at $11.36 on Monday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $1.13 billion, a P/E ratio of -29.89 and a beta of 1.56. Target Hospitality has a 12-month low of $5.97 and a 12-month high of $21.76. The firm has a 50-day moving average price of $17.50 and a two-hundred day moving average price of $14.81.

Insider Buying and Selling

In other Target Hospitality news, CEO James Archer bought 13,385 shares of the stock in a transaction dated Tuesday, September 15th. The shares were bought at an average cost of $18.69 per share, with a total value of $250,165.65. Following the completion of the acquisition, the chief executive officer owned 1,845,441 shares of the company's stock, valued at $34,491,292.29. This trade represents a 0.73% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Troy Schrenk purchased 5,907 shares of the company's stock in a transaction dated Friday, September 18th. The stock was acquired at an average price of $21.16 per share, with a total value of $124,992.12. Following the completion of the transaction, the insider owned 216,995 shares of the company's stock, valued at $4,591,614.20. This represents a 2.80% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 3.80% of the company's stock.

Wall Street Analysts Forecast Growth

TH has been the subject of several research reports. Stifel Nicolaus set a $26.00 price objective on shares of Target Hospitality in a research report on Thursday, August 27th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $23.00 target price on shares of Target Hospitality in a research note on Thursday, August 27th. Morgan Stanley lifted their price target on Target Hospitality from $22.00 to $25.00 and gave the stock an "overweight" rating in a report on Monday, September 14th. Northland Securities set a $25.00 price target on Target Hospitality in a research note on Thursday, August 27th. Finally, Weiss Ratings cut Target Hospitality from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $25.20.

About Target Hospitality

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.

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