Target Hospitality Reports Record Third Quarter 2022 Results, Announces Exclusive 11-year Partnership and Authorizes up to $100 million Stock Repurchase Program

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Go back to Target Hospitality Reports Record Third Quarter 2022 Results, Announces Exclusive 11-year Partnership and Authorizes up to $100 million Stock Repurchase Program

Target Hospitality (TH) Misses Q3 EPS, Announces $100M Stock Buyback

November 9, 2022 6:55 AM EST

Target Hospitality (NASDAQ: TH) reported Q3 EPS of $0.20, $0.35 worse than the analyst estimate of $0.55. Revenue for the quarter came in at $159.6 million versus the consensus estimate of $158.2 million.

Authorized up to $100 million stock repurchase plan, expanding the range of potential value enhancing capital allocation... More