Target Hospitality (NASDAQ:TH) Announces Earnings Results

Target Hospitality (NASDAQ:TH) posted its quarterly earnings data on Thursday. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03, Zacks reports. Target Hospitality had a negative net margin of 3.08% and a negative return on equity of 1.77%. The company had revenue of $99.36 million during the quarter, compared to analyst estimates of $85.30 million. Target Hospitality updated its FY 2025 guidance to EPS.

Target Hospitality Stock Down 1.7%

Shares of Target Hospitality stock traded down $0.11 on Friday, hitting $6.41. The company had a trading volume of 1,348,133 shares, compared to its average volume of 407,137. Target Hospitality has a twelve month low of $4.00 and a twelve month high of $11.10. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.47 and a quick ratio of 1.47. The stock has a 50-day moving average of $8.01 and a 200-day moving average of $7.66. The firm has a market capitalization of $639.59 million, a P/E ratio of -58.27 and a beta of 1.82.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TH shares. Weiss Ratings restated a “sell (d+)” rating on shares of Target Hospitality in a report on Wednesday, October 8th. Stifel Nicolaus raised Target Hospitality from a “hold” rating to a “buy” rating and raised their price objective for the stock from $7.50 to $11.00 in a research note on Tuesday, August 19th. Finally, Wall Street Zen lowered Target Hospitality from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Target Hospitality has an average rating of “Moderate Buy” and a consensus price target of $13.00.

Insiders Place Their Bets

In other Target Hospitality news, EVP Heidi Diane Lewis sold 12,256 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $8.71, for a total transaction of $106,749.76. Following the completion of the transaction, the executive vice president owned 172,198 shares in the company, valued at approximately $1,499,844.58. This represents a 6.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Troy C. Schrenk sold 49,344 shares of Target Hospitality stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $8.58, for a total value of $423,371.52. Following the completion of the sale, the executive vice president directly owned 174,553 shares in the company, valued at $1,497,664.74. This represents a 22.04% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 70,600 shares of company stock valued at $593,931. Company insiders own 68.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TH. Rubric Capital Management LP raised its position in shares of Target Hospitality by 9.5% in the 2nd quarter. Rubric Capital Management LP now owns 2,189,456 shares of the company’s stock valued at $15,589,000 after buying an additional 189,456 shares in the last quarter. Vanguard Group Inc. raised its position in Target Hospitality by 43.0% during the third quarter. Vanguard Group Inc. now owns 1,994,641 shares of the company’s stock valued at $16,915,000 after purchasing an additional 600,181 shares in the last quarter. Geode Capital Management LLC lifted its stake in Target Hospitality by 1.8% during the second quarter. Geode Capital Management LLC now owns 845,378 shares of the company’s stock worth $6,020,000 after purchasing an additional 14,825 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Target Hospitality by 104.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 280,288 shares of the company’s stock valued at $1,844,000 after purchasing an additional 143,505 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in shares of Target Hospitality by 7.9% in the 2nd quarter. Bridgeway Capital Management LLC now owns 135,179 shares of the company’s stock valued at $962,000 after purchasing an additional 9,908 shares during the last quarter. 32.40% of the stock is currently owned by institutional investors.

Target Hospitality Company Profile

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.