Target Hospitality (TH) shares ended the last trading session 5.7% higher at $8.56. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 6.3% gain over the past four weeks.Target Hospitality's stock rally is driven by optimism about its robust financial health, highlighted by strong liquidity and revenue visibility. The company’s efficient operating model and cost-effective network capabilities, combined with ongoing hi ...

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Investors in Target Hospitality Corp. (TH) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 17, 2025 $5 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could ...

Group 1 - Target Hospitality reported revenue of $100.72 million for the quarter ended June 2024, a year-over-year decline of 29.9% [1] - The EPS for the same period was $0.18, down from $0.44 a year ago, with a surprise of +5.88% over the consensus estimate of $0.17 [1] - The reported revenue exceeded the Zacks Consensus Estimate of $100.63 million by +0.09% [1] Group 2 - Revenue from Hospitality & Facilities Services - South was $38.23 million, slightly above the average estimate of $36.91 million, representing a year-over-year change of -2.4% [3] - Revenue from All Other segments was $2.63 million, exceeding the average estimate of $1.57 million, but showing a year-over-year decline of -20.3% [4] - Government revenue was $59.86 million, slightly below the average estimate of $60.50 million, with a significant year-over-year decline of -40.8% [5] Group 3 - Adjusted Gross Profit for Hospitality & Facilities Services - South was $13.07 million, compared to the estimated $13.16 million [6] - Adjusted Gross Profit for Government was $48.84 million, exceeding the average estimate of $44.17 million [7] Group 4 - Shares of Target Hospitality have returned +3.5% over the past month, contrasting with the Zacks S&P 500 composite's -5.9% change [7] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance in the near term [7]

THE WOODLANDS, Texas, Aug. 7, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ: TH), one of North America's largest providers of vertically-integrated modular accommodations and value-added hospitality services, today reported results for the three months ended June 30, 2024. Financial and Operational Highlights Revenue of $100.7 million for the three months ended June 30, 2024. Net income of $18.4 million for the three months ended June 30, 2024. Basic ...

The conference call will be available by live webcast through the Investors section of Target Hospitality's website at www.TargetHospitality.com. Please utilize the Direct Phone Dial option to be immediately entered into the conference call once you are ready to connect. About Target Hospitality SOURCE Target Hospitality THE WOODLANDS, Texas, July 31, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ: TH), one of North America's largest providers of vert ...

On June 11, 2024, Target Hospitality disclosed that "the U.S. government intends to terminate the existing South Texas Family Residential Center services agreement with Target's migrant programming partner, effective in 60 days." The company further reported that, given the notice of termination "and the remaining operational logistics associated with the notice," Target Hospitality would be providing updates to its operational and financial guidance. PHILADELPHIA, July 8, 2024 /PRNewswire/ -- Kaskela Law L ...

THE WOODLANDS, Texas, June 27, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ: TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today provided the following revised 2024 outlook and business update. Target's contract portfolio provides a high degree of revenue visibility, coupled with an efficient operating structure, these elements support strong cash generation and an ...

Target Hospitality (NASDAQ:TH) stock is falling hard on Tuesday after the company announced the planned end to a service agreement with at the South Texas Family Residential Center. Target Hospitality provides services to this location through a lease and services agreement with the South Texas Family Residential Center Partner. CoreCivic (NYSE:CXW) is the entity that the U.S. Government is terminating its contract with. TH Stock Movement on Tuesday TH stock is down 36.7% as of Tuesday morning. That erases ...

As a reminder, Target provides facility and hospitality solutions to the STFRC Partner, through a lease and services agreement ("STFRC Contract") utilizing Target's owned modular assets. The STFRC Partner has provided notice to Target of their intention to terminate the STFRC Contract concurrent with the Effective Date. Given the notice of termination was received today, and the remaining operational logistics associated with the notice, Target intends to provide operational and financial updates giving eff ...