Target Hospitality (NASDAQ:TH) Announces Earnings Results

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

Target Hospitality Price Performance

Shares of TH traded down $0.11 during mid-day trading on Friday, reaching $6.41. 1,348,133 shares of the company’s stock were exchanged, compared to its average volume of 407,137. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.07. Target Hospitality has a 52-week low of $4.00 and a 52-week high of $11.10. The company has a market cap of $639.59 million, a price-to-earnings ratio of -58.27 and a beta of 1.82. The company has a 50-day simple moving average of $8.01 and a two-hundred day simple moving average of $7.66.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, EVP Heidi Diane Lewis sold 9,000 shares of the stock in a transaction on Monday, October 20th. The stock was sold at an average price of $7.09, for a total transaction of $63,810.00. Following the sale, the executive vice president owned 163,198 shares of the company’s stock, valued at $1,157,073.82. This trade represents a 5.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Troy C. Schrenk sold 49,344 shares of the business’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $8.58, for a total transaction of $423,371.52. Following the completion of the transaction, the executive vice president directly owned 174,553 shares of the company’s stock, valued at $1,497,664.74. The trade was a 22.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 70,600 shares of company stock worth $593,931. 68.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Target Hospitality

A number of hedge funds and other institutional investors have recently modified their holdings of TH. AQR Capital Management LLC acquired a new position in shares of Target Hospitality in the first quarter valued at approximately $114,000. Strs Ohio acquired a new position in Target Hospitality in the 1st quarter valued at $131,000. Royal Bank of Canada lifted its stake in shares of Target Hospitality by 3,549.2% during the 1st quarter. Royal Bank of Canada now owns 43,863 shares of the company’s stock worth $289,000 after purchasing an additional 42,661 shares during the period. Caxton Associates LLP acquired a new stake in shares of Target Hospitality during the second quarter worth $330,000. Finally, Rhumbline Advisers grew its position in shares of Target Hospitality by 6.2% in the second quarter. Rhumbline Advisers now owns 50,373 shares of the company’s stock valued at $359,000 after purchasing an additional 2,947 shares during the period. 32.40% of the stock is currently owned by hedge funds and other 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.