Analysts expect that Target Hospitality Corp. (NYSE:TH) will report $0.14 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Target Hospitality’s earnings. The lowest EPS estimate is $0.08 and the highest is $0.21. The business is expected to announce its next quarterly earnings report on Tuesday, February 11th.
According to Zacks, analysts expect that Target Hospitality will report full-year earnings of $0.56 per share for the current year, with EPS estimates ranging from $0.50 to $0.68. For the next financial year, analysts forecast that the company will post earnings of $0.63 per share, with EPS estimates ranging from $0.45 to $0.80. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Target Hospitality.
TH has been the subject of a number of research reports. Northland Securities reissued a “buy” rating and set a $12.00 price objective on shares of Target Hospitality in a research report on Tuesday, September 3rd. Zacks Investment Research cut Target Hospitality from a “hold” rating to a “sell” rating in a research report on Saturday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. Target Hospitality has an average rating of “Buy” and a consensus target price of $12.52.
In other Target Hospitality news, Director Eli Baker acquired 7,500 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was acquired at an average price of $6.85 per share, with a total value of $51,375.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO James B. Archer acquired 64,084 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were acquired at an average cost of $6.24 per share, with a total value of $399,884.16. The disclosure for this purchase can be found here. Insiders acquired 96,584 shares of company stock valued at $601,509 in the last ninety days.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can acquired a new position in shares of Target Hospitality during the 2nd quarter worth about $25,000. Creative Planning increased its stake in Target Hospitality by 20.0% during the third quarter. Creative Planning now owns 18,160 shares of the company’s stock valued at $124,000 after acquiring an additional 3,025 shares during the period. Rhumbline Advisers increased its stake in Target Hospitality by 13.4% during the third quarter. Rhumbline Advisers now owns 34,476 shares of the company’s stock valued at $235,000 after acquiring an additional 4,069 shares during the period. Strs Ohio bought a new position in Target Hospitality during the second quarter valued at about $80,000. Finally, California Public Employees Retirement System bought a new position in Target Hospitality during the third quarter valued at about $70,000.
TH traded down $0.24 during trading on Thursday, reaching $4.49. 1,197,266 shares of the stock traded hands, compared to its average volume of 292,690. Target Hospitality has a fifty-two week low of $4.46 and a fifty-two week high of $12.11. The firm’s 50-day moving average price is $5.95.
Target Hospitality Company Profile
Target Hospitality Corp., through its subsidiaries, provides specialty rental accommodations with catering and value-added hospitality services in the United States. The company was formerly known as Platinum Eagle Acquisition Corp. and changed its name to Target Hospitality Corp. in March 2019. The company is headquartered in The Woodlands, Texas.
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