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Target Hospitality (TH)
:TH
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.08Last Year’s EPS
0.31Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 13, 2019
|% Change Since: 15.64%
|Next Earnings Date:May 07, 2019
Earnings Call Sentiment|Neutral
The earnings call highlighted a strong financial position with significant cash reserves and a zero net leverage ratio, alongside strategic growth initiatives and high shareholder returns. However, there were challenges such as decreased revenue due to contract terminations and slowed progress on new government facilities.Company Guidance
During Target Hospitality's Third Quarter 2024 Earnings Call, the company provided detailed guidance with numerous financial metrics. The call highlighted a total revenue of approximately $95 million for the quarter, with an adjusted EBITDA of approximately $50 million. The Government segment contributed $53 million to the revenue, while the HFS and other segments accounted for $42 million. Recurring corporate expenses were around $10 million, and total capital spending was $10 million. Target Hospitality ended the quarter with $178 million in cash and $353 million in total liquidity, maintaining a net leverage ratio of 0.0x. For the full year 2024, the company anticipates total revenue between $375 million and $385 million and adjusted EBITDA between $184 million and $190 million, along with capital expenditures ranging from $25 million to $30 million. The company emphasized its strong cash conversion and financial position, expecting to finish the year with over $350 million in total available liquidity, and highlighted its commitment to shareholder value by repurchasing approximately 3.8 million shares worth $33 million year-to-date.Strong Financial Position
Target Hospitality reported total revenue of approximately $95 million and an adjusted EBITDA of approximately $50 million for Q3 2024. The company ended the quarter with $178 million in cash and $353 million in total liquidity, with no borrowings under the company's $175 million revolving credit facility and a net leverage ratio of 0.0x.
High Revenue Visibility and Cash Conversion
The company reported a high degree of revenue visibility and strong cash conversion, supporting a 2024 financial outlook of total revenue between $375 million and $385 million and adjusted EBITDA between $184 million and $190 million.
Government Segment Performance
The Government segment produced quarterly revenue of approximately $53 million, despite a decrease due to the termination of the South Texas Family Residential Center contract.
Strong Cash Return to Shareholders
Target Hospitality returned approximately $33 million to shareholders year-to-date through November 8, 2024, by repurchasing approximately 3.8 million shares of common stock.
Strategic Growth Initiatives
The company is actively evaluating a pipeline of strategic growth initiatives, including opportunities in technology infrastructure, energy transition, and domestic rare earth development.
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TH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $9.21 | $9.84 | +6.84% |
| Aug 07, 2024 | $8.91 | $9.99 | +12.12% |
| May 08, 2024 | $11.10 | $11.52 | +3.78% |
| Mar 13, 2024 | $8.54 | $8.67 | +1.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Target Hospitality (TH) report earnings?
Target Hospitality (TH) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Target Hospitality (TH) earnings time?
Target Hospitality (TH) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TH EPS forecast?
TH EPS forecast for the fiscal quarter 2024 (Q4) is 0.08.
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