Target Hospitality (TH) to Release Quarterly Earnings on Wednesday

Target Hospitality (NASDAQ:TH - Get Free Report) is scheduled to be releasing its earnings data before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.15 per share for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Target Hospitality (NASDAQ:TH - Get Free Report) last posted its earnings results on Wednesday, March 13th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.24 by $0.05. The firm had revenue of $126.20 million for the quarter, compared to analysts' expectations of $118.00 million. Target Hospitality had a net margin of 29.53% and a return on equity of 53.91%. The company's quarterly revenue was down 17.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 EPS. On average, analysts expect Target Hospitality to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Target Hospitality Stock Performance

Shares of TH traded down $0.03 on Friday, reaching $11.20. 258,444 shares of the company's stock traded hands, compared to its average volume of 425,885. The stock's 50 day simple moving average is $10.15 and its two-hundred day simple moving average is $10.51. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.47. Target Hospitality has a 52-week low of $8.49 and a 52-week high of $16.80. The stock has a market cap of $1.13 billion, a PE ratio of 7.27, a PEG ratio of 1.18 and a beta of 2.06.

Wall Street Analysts Forecast Growth

TH has been the subject of several research reports. Stifel Nicolaus reiterated a "hold" rating and set a $12.00 price target (down previously from $13.00) on shares of Target Hospitality in a research note on Friday, April 12th. TheStreet downgraded shares of Target Hospitality from a "b" rating to a "c+" rating in a research note on Monday, January 22nd. Finally, Oppenheimer dropped their price target on shares of Target Hospitality from $12.00 to $10.00 and set an "outperform" rating on the stock in a research note on Monday, March 25th.

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.