Wall Street brokerages expect Target Hospitality Corp. (NYSE:TH) to announce $0.12 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for Target Hospitality’s earnings, with estimates ranging from $0.08 to $0.21. The firm is expected to report its next earnings report on Tuesday, February 11th.
According to Zacks, analysts expect that Target Hospitality will report full-year earnings of $0.56 per share for the current year, with EPS estimates ranging from $0.50 to $0.68. For the next fiscal year, analysts forecast that the company will report earnings of $0.55 per share, with EPS estimates ranging from $0.41 to $0.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow Target Hospitality.
A number of equities analysts recently commented on the stock. Oppenheimer downgraded shares of Target Hospitality from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Northland Securities reiterated a “buy” rating and set a $12.00 target price on shares of Target Hospitality in a research note on Tuesday, September 3rd. Finally, Zacks Investment Research downgraded shares of Target Hospitality from a “hold” rating to a “sell” rating in a research note on Saturday. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $12.52.
Shares of TH stock traded down $0.23 on Thursday, reaching $4.00. 238,700 shares of the stock were exchanged, compared to its average volume of 292,429. The company’s 50 day moving average price is $5.77. Target Hospitality has a twelve month low of $3.80 and a twelve month high of $12.11.
In related news, CEO James B. Archer purchased 64,084 shares of Target Hospitality stock in a transaction that occurred on Friday, August 23rd. The stock was purchased at an average cost of $6.24 per share, with a total value of $399,884.16. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey Sagansky purchased 20,000 shares of Target Hospitality stock in a transaction that occurred on Monday, August 26th. The stock was bought at an average cost of $5.95 per share, with a total value of $119,000.00. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 89,084 shares of company stock valued at $550,134.
Several large investors have recently made changes to their positions in TH. Bank of Montreal Can purchased a new stake in shares of Target Hospitality in the second quarter valued at about $25,000. California Public Employees Retirement System purchased a new position in Target Hospitality during the third quarter worth about $70,000. Strs Ohio purchased a new position in Target Hospitality during the second quarter worth about $80,000. JPMorgan Chase & Co. raised its holdings in Target Hospitality by 885.8% during the second quarter. JPMorgan Chase & Co. now owns 11,830 shares of the company’s stock worth $107,000 after purchasing an additional 10,630 shares in the last quarter. Finally, Creative Planning raised its holdings in Target Hospitality by 20.0% during the third quarter. Creative Planning now owns 18,160 shares of the company’s stock worth $124,000 after purchasing an additional 3,025 shares in the last quarter.
Target Hospitality Company Profile
Target Hospitality Corp., through its subsidiaries, provides specialty rental accommodations with catering and value-added hospitality services in the United States. The company was formerly known as Platinum Eagle Acquisition Corp. and changed its name to Target Hospitality Corp. in March 2019. The company is headquartered in The Woodlands, Texas.
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