Target Hospitality (NASDAQ:TH) Posts Earnings Results

Target Hospitality (NASDAQ:TH) announced its quarterly earnings data on Monday. The company reported ($0.09) EPS for the quarter, FiscalAI reports. The company had revenue of $129.06 million during the quarter, compared to analyst estimates of $118.35 million. Target Hospitality had a negative net margin of 10.85% and a negative return on equity of 9.80%.

Target Hospitality Stock Performance

Shares of TH opened at $11.36 on Monday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.11. The stock has a market cap of $1.13 billion, a P/E ratio of -29.89 and a beta of 1.56. The company has a 50-day moving average of $17.50 and a two-hundred day moving average of $14.81. Target Hospitality has a 12-month low of $5.97 and a 12-month high of $21.76.

Insider Activity

In other Target Hospitality news, insider Troy Schrenk purchased 5,907 shares of the stock in a transaction dated Friday, September 18th. The shares were acquired at an average cost of $21.16 per share, for a total transaction of $124,992.12. Following the completion of the transaction, the insider directly owned 216,995 shares of the company’s stock, valued at $4,591,614.20. This trade represents a 2.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO James Archer purchased 13,385 shares of the stock in a transaction dated Tuesday, September 15th. The stock was acquired at an average price of $18.69 per share, for a total transaction of $250,165.65. Following the completion of the transaction, the chief executive officer directly owned 1,845,441 shares of the company’s stock, valued at approximately $34,491,292.29. The trade was a 0.73% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on TH. Northland Securities set a $25.00 target price on shares of Target Hospitality in a report on Thursday, August 27th. Weiss Ratings lowered Target Hospitality from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $23.00 price target on shares of Target Hospitality in a report on Thursday, August 27th. Stifel Nicolaus set a $26.00 price target on Target Hospitality in a report on Thursday, August 27th. Finally, Morgan Stanley raised their price objective on Target Hospitality from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $25.20.

About Target Hospitality

Target Hospitality Corp. (NASDAQ: TH) provides specialty rental and hospitality services for organizations that require temporary or long-term workforce housing. The company develops and operates workforce accommodation communities and related facilities, offering an integrated alternative to traditional hotels or permanent housing in locations where lodging infrastructure is limited.

Its services generally include furnished lodging, food services, housekeeping, laundry, transportation, maintenance, recreation and other facility-management support.