Equities research analysts expect Target Hospitality Corp. (NYSE:TH) to announce earnings per share of ($0.10) for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Target Hospitality’s earnings. The highest EPS estimate is ($0.08) and the lowest is ($0.13). Target Hospitality posted earnings of $0.13 per share in the same quarter last year, which indicates a negative year over year growth rate of 176.9%. The firm is scheduled to report its next earnings results on Tuesday, August 11th.

On average, analysts expect that Target Hospitality will report full year earnings of ($0.20) per share for the current year, with EPS estimates ranging from ($0.29) to ($0.14). For the next year, analysts anticipate that the business will report earnings of ($0.10) per share, with EPS estimates ranging from ($0.25) to $0.03. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Target Hospitality.

Target Hospitality (NYSE:TH) last posted its earnings results on Thursday, May 28th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $71.66 million for the quarter, compared to analysts’ expectations of $71.32 million.

Several brokerages recently commented on TH. Oppenheimer reissued a “hold” rating on shares of Target Hospitality in a report on Friday, June 5th. Stifel Nicolaus lowered shares of Target Hospitality from a “buy” rating to a “hold” rating and cut their price target for the stock from $11.00 to $4.00 in a report on Tuesday, March 10th. Northland Securities began coverage on shares of Target Hospitality in a report on Friday, May 29th. They issued a “hold” rating and a $2.00 price target for the company. Zacks Investment Research lowered shares of Target Hospitality from a “hold” rating to a “sell” rating in a report on Friday, May 29th. Finally, Credit Suisse Group dropped their target price on shares of Target Hospitality from $5.50 to $4.25 and set an “outperform” rating for the company in a report on Thursday, March 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $4.06.

NYSE TH traded down $0.07 on Monday, hitting $1.59. The company had a trading volume of 155,400 shares, compared to its average volume of 204,073. The company’s fifty day moving average price is $2.15 and its 200-day moving average price is $3.25. Target Hospitality has a 12-month low of $1.19 and a 12-month high of $9.62.

Hedge funds have recently made changes to their positions in the company. State of Michigan Retirement System boosted its position in shares of Target Hospitality by 87.5% during the 1st quarter. State of Michigan Retirement System now owns 75,000 shares of the company’s stock valued at $149,000 after acquiring an additional 35,000 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Target Hospitality by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 433,824 shares of the company’s stock valued at $2,169,000 after acquiring an additional 16,557 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Target Hospitality by 34.0% during the 4th quarter. Bank of New York Mellon Corp now owns 118,282 shares of the company’s stock valued at $592,000 after acquiring an additional 30,034 shares during the last quarter. Private Capital Management LLC boosted its position in shares of Target Hospitality by 12.5% during the 4th quarter. Private Capital Management LLC now owns 2,736,815 shares of the company’s stock valued at $13,684,000 after acquiring an additional 304,968 shares during the last quarter. Finally, Citigroup Inc. boosted its position in shares of Target Hospitality by 56.4% during the 4th quarter. Citigroup Inc. now owns 35,779 shares of the company’s stock valued at $179,000 after acquiring an additional 12,901 shares during the last quarter.

About Target Hospitality

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.

Featured Story: Dividend Achievers

Get a free copy of the Zacks research report on Target Hospitality (TH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Target Hospitality Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target Hospitality and related companies with MarketBeat.com's FREE daily email newsletter.