Target Hospitality Announces Third Quarter 2019 Results

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Go back to Target Hospitality Announces Third Quarter 2019 Results

Stifel Reiterates Buy Rating on Target Hospitality (TH) Following 3Q

November 14, 2019 7:45 AM EST

Stifel analyst Stephen Gengaro reiterated a Buy rating and $11.00 price target on Target Hospitality (NASDAQ: TH) following the company's 3Q report. TH posted 3Q revenues of $81.6 million, 4.9% below estimates, relatively flat sequentially and 35.4% higher than a year ago. Adjusted EBITDA of $40.6 million finished below $43.0 million... More

Target Hospitality (TH) Misses Q3 EPS by 4c, Revenues Miss; Offers FY19 Revenue Guidance Below Consensus

November 12, 2019 4:11 PM EST

Target Hospitality (NASDAQ: TH) reported Q3 EPS of $0.11, $0.04 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $81.6 million versus the consensus estimate of $86.29 million.

Financial and Operational Highlights for the Third Quarter 2019

Revenues increased to $81.6 million, up 35% year-over-year, led by growth in the Permian BasinNet income of $9.6 million, and Adjusted net income of $11.3 million, up 14% year-over-yearBasic and diluted earnings per share of $0.10, and Adjusted earnings per share(1) of $0.11Adjusted EBITDA of $40.6 million, up 30% year-over-year with Adjusted EBITDA margin of 49.7%Increased average utilized beds... More