Target Hospitality (NASDAQ:TH - Get Free Report) issued its earnings results on Wednesday. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.15 by $0.05, Briefing.com reports. The company had revenue of $106.70 million during the quarter, compared to the consensus estimate of $101.97 million. Target Hospitality had a return on equity of 53.91% and a net margin of 29.53%. The firm's revenue for the quarter was down 27.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 EPS.
Target Hospitality Stock Up 1.2 %
NASDAQ TH traded up $0.14 on Thursday, hitting $11.66. 287,437 shares of the company were exchanged, compared to its average volume of 551,298. Target Hospitality has a 12 month low of $8.49 and a 12 month high of $16.80. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.17 billion, a PE ratio of 7.57, a PEG ratio of 1.17 and a beta of 2.06. The stock has a fifty day moving average of $10.25 and a 200-day moving average of $10.42.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on TH shares. Oppenheimer decreased their price target on Target Hospitality from $12.00 to $10.00 and set an "outperform" rating on the stock in a research note on Monday, March 25th. Stifel Nicolaus reaffirmed a "hold" rating and set a $12.00 price target (down from $13.00) on shares of Target Hospitality in a report on Friday, April 12th. Finally, TheStreet downgraded shares of Target Hospitality from a "b" rating to a "c+" rating in a research note on Monday, January 22nd.
Check Out Our Latest Stock Report on Target Hospitality
About Target Hospitality
(
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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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