Target Hospitality Corp. (NASDAQ:TH) Expected to Earn FY2024 Earnings of $0.72 Per Share

Target Hospitality Corp. (NASDAQ:TH - Free Report) - Analysts at Northland Capmk lifted their FY2024 earnings per share (EPS) estimates for shares of Target Hospitality in a report issued on Thursday, May 9th. Northland Capmk analyst G. Gibas now anticipates that the company will earn $0.72 per share for the year, up from their previous estimate of $0.68. The consensus estimate for Target Hospitality's current full-year earnings is $0.64 per share. Northland Capmk also issued estimates for Target Hospitality's Q4 2024 earnings at $0.18 EPS.

A number of other equities analysts have also recently issued reports on the company. Oppenheimer cut their target price on Target Hospitality from $12.00 to $10.00 and set an "outperform" rating on the stock in a report on Monday, March 25th. TheStreet lowered Target Hospitality from a "b" rating to a "c+" rating in a report on Monday, January 22nd. Finally, Stifel Nicolaus reaffirmed a "hold" rating and set a $12.00 target price (down previously from $13.00) on shares of Target Hospitality in a research report on Friday, April 12th.

Target Hospitality Trading Down 0.8 %

Target Hospitality stock traded down $0.09 during trading hours on Friday, reaching $11.57. 225,426 shares of the company's stock were exchanged, compared to its average volume of 423,787. Target Hospitality has a twelve month low of $8.49 and a twelve month high of $16.80. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.47. The firm's 50 day simple moving average is $10.29 and its 200 day simple moving average is $10.43. The firm has a market capitalization of $1.16 billion, a PE ratio of 7.51, a PEG ratio of 1.16 and a beta of 2.06.

Target Hospitality (NASDAQ:TH - Get Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.15 by $0.05. Target Hospitality had a return on equity of 53.91% and a net margin of 29.53%. The firm had revenue of $106.70 million for the quarter, compared to the consensus estimate of $101.97 million. During the same period in the previous year, the business earned $0.40 EPS. The business's quarterly revenue was down 27.8% compared to the same quarter last year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TH. Swiss National Bank lifted its position in Target Hospitality by 1.6% during the third quarter. Swiss National Bank now owns 78,000 shares of the company's stock valued at $1,239,000 after purchasing an additional 1,200 shares during the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of Target Hospitality by 2.2% during the 4th quarter. SummerHaven Investment Management LLC now owns 57,264 shares of the company's stock worth $557,000 after acquiring an additional 1,207 shares during the last quarter. Troluce Capital Advisors LLC increased its stake in Target Hospitality by 1.0% in the fourth quarter. Troluce Capital Advisors LLC now owns 138,044 shares of the company's stock valued at $1,343,000 after acquiring an additional 1,407 shares during the last quarter. Strs Ohio raised its position in Target Hospitality by 10.5% during the third quarter. Strs Ohio now owns 22,100 shares of the company's stock valued at $350,000 after purchasing an additional 2,100 shares in the last quarter. Finally, AdvisorShares Investments LLC lifted its stake in Target Hospitality by 15.4% during the fourth quarter. AdvisorShares Investments LLC now owns 16,965 shares of the company's stock worth $165,000 after purchasing an additional 2,264 shares during the last quarter. 32.40% of the stock is owned by institutional investors.

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.