Northland Capmk Issues Optimistic Forecast for TH Earnings

Target Hospitality Corp. (NASDAQ:TH) – Research analysts at Northland Capmk raised their Q1 2025 earnings per share estimates for Target Hospitality in a report released on Thursday, March 27th. Northland Capmk analyst G. Gibas now anticipates that the company will post earnings of ($0.02) per share for the quarter, up from their prior forecast of ($0.03). Northland Capmk has a “Strong-Buy” rating on the stock. The consensus estimate for Target Hospitality’s current full-year earnings is $0.65 per share. Northland Capmk also issued estimates for Target Hospitality’s Q2 2025 earnings at ($0.09) EPS, Q3 2025 earnings at ($0.09) EPS, Q4 2025 earnings at ($0.10) EPS and FY2025 earnings at ($0.30) EPS.

Target Hospitality (NASDAQ:TH) last released its earnings results on Wednesday, March 26th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.06. The company had revenue of $83.70 million during the quarter, compared to the consensus estimate of $80.10 million. Target Hospitality had a return on equity of 22.80% and a net margin of 20.84%. Target Hospitality’s revenue was down 33.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 EPS.

TH has been the subject of a number of other reports. Northland Securities raised Target Hospitality from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $11.00 to $15.00 in a research report on Wednesday, January 29th. Stifel Nicolaus lifted their price target on shares of Target Hospitality from $5.00 to $7.50 and gave the stock a “hold” rating in a research note on Monday.

Target Hospitality Stock Up 3.2 %

Shares of TH opened at $6.79 on Monday. The company has a market cap of $671.81 million, a P/E ratio of 7.80, a PEG ratio of 1.81 and a beta of 2.15. Target Hospitality has a fifty-two week low of $4.00 and a fifty-two week high of $11.84. The firm’s 50 day moving average price is $7.56 and its 200 day moving average price is $8.30.

Hedge Funds Weigh In On Target Hospitality

Several hedge funds have recently added to or reduced their stakes in TH. Conversant Capital LLC increased its position in shares of Target Hospitality by 2.1% during the fourth quarter. Conversant Capital LLC now owns 4,889,046 shares of the company’s stock worth $47,253,000 after purchasing an additional 100,000 shares in the last quarter. Vanguard Group Inc. increased its position in Target Hospitality by 4.2% during the fourth quarter. Vanguard Group Inc. now owns 1,965,362 shares of the company’s stock worth $18,995,000 after buying an additional 79,561 shares during the period. HighTower Advisors LLC increased its position in Target Hospitality by 10.1% during the third quarter. HighTower Advisors LLC now owns 1,466,356 shares of the company’s stock worth $11,408,000 after buying an additional 134,966 shares during the period. Empyrean Capital Partners LP purchased a new stake in Target Hospitality in the fourth quarter valued at approximately $9,781,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Target Hospitality by 32.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,008,702 shares of the company’s stock valued at $9,749,000 after acquiring an additional 245,252 shares during the period. 32.40% of the stock is currently owned by hedge funds and other institutional investors.

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.