FY2024 EPS Estimates for Target Hospitality Corp. Increased by Northland Capmk (NASDAQ:TH)

Target Hospitality Corp. (NASDAQ:TH) – Equities research analysts at Northland Capmk lifted their FY2024 earnings per share estimates for Target Hospitality in a research note issued to investors on Thursday, May 9th. Northland Capmk analyst G. Gibas now anticipates that the company will earn $0.72 per share for the year, up from their prior forecast of $0.68. The consensus estimate for Target Hospitality’s current full-year earnings is $0.64 per share. Northland Capmk also issued estimates for Target Hospitality’s Q4 2024 earnings at $0.18 EPS.

Target Hospitality (NASDAQ:TH) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.05. Target Hospitality had a return on equity of 53.91% and a net margin of 29.53%. The firm had revenue of $106.70 million during the quarter, compared to analyst estimates of $101.97 million. During the same period last year, the company posted $0.40 EPS. The business’s quarterly revenue was down 27.8% compared to the same quarter last year.

A number of other research analysts also recently commented on the company. TheStreet downgraded Target Hospitality from a “b” rating to a “c+” rating in a research note on Monday, January 22nd. Oppenheimer reduced their price target on Target Hospitality from $12.00 to $10.00 and set an “outperform” rating for the company in a report on Monday, March 25th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $12.00 price objective (down previously from $13.00) on shares of Target Hospitality in a report on Friday, April 12th.

Target Hospitality Stock Up 1.2 %

TH stock opened at $11.66 on Friday. The company has a 50 day moving average of $10.25 and a two-hundred day moving average of $10.42. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.47. Target Hospitality has a 12-month low of $8.49 and a 12-month high of $16.80. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 1.17 and a beta of 2.06.

Institutional Trading of Target Hospitality

Several large investors have recently made changes to their positions in TH. Naples Money Management LLC acquired a new stake in Target Hospitality in the 4th quarter worth $32,000. New York State Teachers Retirement System acquired a new stake in shares of Target Hospitality during the 3rd quarter worth approximately $44,000. Tower Research Capital LLC TRC increased its position in shares of Target Hospitality by 664.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,849 shares of the company’s stock valued at $47,000 after purchasing an additional 4,215 shares during the period. Denali Advisors LLC acquired a new stake in Target Hospitality during the fourth quarter worth $91,000. Finally, Simplicity Wealth LLC bought a new stake in Target Hospitality in the 1st quarter valued at $122,000. Institutional investors own 32.40% of the company’s stock.

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.