Equities analysts expect Target Hospitality Corp. (NASDAQ:TH – Get Rating) to report sales of $82.67 million for the current quarter, Zacks reports. Three analysts have made estimates for Target Hospitality’s earnings, with the highest sales estimate coming in at $82.90 million and the lowest estimate coming in at $82.40 million. Target Hospitality posted sales of $74.99 million in the same quarter last year, which suggests a positive year over year growth rate of 10.2%. The company is expected to issue its next earnings report on Monday, January 1st.
On average, analysts expect that Target Hospitality will report full-year sales of $333.13 million for the current year, with estimates ranging from $330.20 million to $335.00 million. For the next financial year, analysts anticipate that the business will post sales of $343.60 million, with estimates ranging from $340.00 million to $346.80 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Target Hospitality.
Target Hospitality (NASDAQ:TH – Get Rating) last posted its quarterly earnings data on Thursday, March 10th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.05. Target Hospitality had a return on equity of 9.65% and a net margin of 2.78%. The business had revenue of $81.69 million for the quarter, compared to analysts’ expectations of $75.40 million.
In other Target Hospitality news, insider Troy C. Schrenk sold 21,000 shares of the firm’s stock in a transaction dated Tuesday, March 15th. The stock was sold at an average price of $6.00, for a total value of $126,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 68.20% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its stake in Target Hospitality by 547.1% in the third quarter. BNP Paribas Arbitrage SA now owns 7,739 shares of the company’s stock valued at $29,000 after acquiring an additional 6,543 shares during the period. Stifel Financial Corp bought a new position in shares of Target Hospitality in the fourth quarter valued at $36,000. Stoneridge Investment Partners LLC bought a new position in shares of Target Hospitality in the fourth quarter valued at $37,000. Barclays PLC grew its position in Target Hospitality by 165.5% during the 3rd quarter. Barclays PLC now owns 10,191 shares of the company’s stock worth $38,000 after purchasing an additional 6,352 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Target Hospitality during the 4th quarter worth approximately $60,000. Institutional investors own 19.55% of the company’s stock.
Shares of TH opened at $6.74 on Thursday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 3.54. The firm has a market capitalization of $687.16 million, a P/E ratio of 67.40, a price-to-earnings-growth ratio of 4.20 and a beta of 1.93. The stock’s fifty day simple moving average is $6.17 and its 200 day simple moving average is $4.55. Target Hospitality has a twelve month low of $2.72 and a twelve month high of $7.68.
About Target Hospitality (Get Rating)
Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America. The company operates through four segments: Hospitality & Facilities Services – South, Hospitality & Facilities Services – Midwest, Government, and TCPL Keystone. It owns a network of specialty rental accommodation units with approximately 15,528 beds across 27 communities, which include 26 owned and 1 leased; and operates 1 community not owned or leased by the company.
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