$82.58 Million in Sales Expected for Target Hospitality Corp. (NYSE:TH) This Quarter

Analysts expect Target Hospitality Corp. (NYSE:TH) to announce $82.58 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Target Hospitality’s earnings. The lowest sales estimate is $82.20 million and the highest is $83.50 million. The firm is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, August 13th.

On average, analysts expect that Target Hospitality will report full-year sales of $346.83 million for the current financial year, with estimates ranging from $345.00 million to $350.20 million. For the next fiscal year, analysts anticipate that the business will report sales of $390.09 million, with estimates ranging from $388.00 million to $393.90 million. Zacks’ sales averages are an average based on a survey of research firms that cover Target Hospitality.

Target Hospitality (NYSE:TH) last released its earnings results on Tuesday, May 7th. The company reported $0.21 EPS for the quarter. The company had revenue of $81.98 million for the quarter.

Several analysts have commented on TH shares. Deutsche Bank started coverage on Target Hospitality in a research note on Tuesday, May 21st. They set a “buy” rating and a $14.00 price objective for the company. Credit Suisse Group initiated coverage on Target Hospitality in a research report on Thursday, May 23rd. They set an “outperform” rating and a $13.00 target price on the stock. Oppenheimer initiated coverage on Target Hospitality in a research report on Thursday, May 23rd. They set an “outperform” rating and a $13.00 target price on the stock. Stifel Nicolaus started coverage on Target Hospitality in a research report on Wednesday, May 15th. They set a “buy” rating and a $10.59 target price on the stock. Finally, Northland Securities set a $14.00 price target on Target Hospitality and gave the stock a “buy” rating in a report on Tuesday, July 2nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $12.92.

Shares of NYSE:TH traded down $0.11 on Thursday, hitting $8.39. 115,413 shares of the company’s stock were exchanged, compared to its average volume of 330,520. Target Hospitality has a 1-year low of $8.30 and a 1-year high of $12.11. The stock’s 50-day moving average is $9.20.

In related news, CEO James B. Archer bought 28,000 shares of the stock in a transaction on Friday, May 17th. The shares were purchased at an average price of $10.74 per share, for a total transaction of $300,720.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Troy C. Schrenk bought 3,200 shares of the stock in a transaction on Tuesday, May 21st. The shares were bought at an average price of $10.93 per share, for a total transaction of $34,976.00. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 41,200 shares of company stock worth $443,496.

A number of large investors have recently made changes to their positions in the business. TD Asset Management Inc. acquired a new stake in shares of Target Hospitality in the 2nd quarter worth approximately $3,477,000. Creative Planning acquired a new stake in shares of Target Hospitality in the 2nd quarter worth approximately $138,000. Strs Ohio acquired a new stake in shares of Target Hospitality in the 2nd quarter worth approximately $80,000. Mesirow Financial Investment Management Inc. grew its holdings in shares of Target Hospitality by 107.2% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 71,603 shares of the company’s stock worth $675,000 after acquiring an additional 37,039 shares during the period. Finally, Mint Tower Capital Management B.V. acquired a new stake in shares of Target Hospitality in the 1st quarter worth approximately $1,202,000.

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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