Analysts expect TravelCenters of America LLC (NASDAQ:TA) to post $1.64 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for TravelCenters of America’s earnings. The lowest sales estimate is $1.57 billion and the highest is $1.72 billion. TravelCenters of America posted sales of $1.84 billion during the same quarter last year, which would indicate a negative year over year growth rate of 10.9%. The business is expected to announce its next earnings results on Monday, August 5th.
On average, analysts expect that TravelCenters of America will report full-year sales of $6.30 billion for the current fiscal year, with estimates ranging from $6.25 billion to $6.35 billion. For the next year, analysts expect that the firm will post sales of $6.61 billion, with estimates ranging from $6.46 billion to $6.75 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow TravelCenters of America.
TravelCenters of America (NASDAQ:TA) last posted its quarterly earnings results on Tuesday, May 7th. The specialty retailer reported ($0.36) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.42) by $0.06. TravelCenters of America had a negative return on equity of 4.51% and a negative net margin of 1.91%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the company posted ($0.55) EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year.
TA has been the topic of a number of recent research reports. Zacks Investment Research downgraded TravelCenters of America from a “buy” rating to a “sell” rating in a research report on Tuesday, March 5th. ValuEngine raised TravelCenters of America from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. CIBC reaffirmed a “hold” rating and set a $9.00 price objective on shares of TravelCenters of America in a research report on Thursday, February 28th. Finally, B. Riley reaffirmed a “buy” rating and set a $12.00 price objective (up previously from $11.00) on shares of TravelCenters of America in a research report on Thursday, January 17th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. TravelCenters of America presently has a consensus rating of “Buy” and a consensus target price of $9.06.
TA stock traded up $0.23 during midday trading on Friday, hitting $3.69. The company’s stock had a trading volume of 330,804 shares, compared to its average volume of 154,684. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.90 and a quick ratio of 0.45. The company has a market capitalization of $144.61 million, a price-to-earnings ratio of -5.77 and a beta of 1.73. TravelCenters of America has a 12 month low of $3.05 and a 12 month high of $6.10.
In other TravelCenters of America news, COO Barry A. Richards sold 37,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $3.87, for a total value of $143,190.00. Following the completion of the sale, the chief operating officer now owns 215,235 shares of the company’s stock, valued at $832,959.45. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Mark R. Young sold 101,010 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $3.68, for a total value of $371,716.80. Following the completion of the sale, the vice president now directly owns 181,988 shares of the company’s stock, valued at approximately $669,715.84. The disclosure for this sale can be found here. 8.40% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of TA. SEI Investments Co purchased a new stake in shares of TravelCenters of America during the first quarter worth about $26,000. Dimensional Fund Advisors LP increased its holdings in TravelCenters of America by 11.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,751,163 shares of the specialty retailer’s stock valued at $7,197,000 after buying an additional 182,982 shares during the last quarter. Wells Fargo & Company MN increased its holdings in TravelCenters of America by 11.6% in the first quarter. Wells Fargo & Company MN now owns 40,601 shares of the specialty retailer’s stock valued at $167,000 after buying an additional 4,212 shares during the last quarter. Acadian Asset Management LLC increased its holdings in TravelCenters of America by 73.9% in the first quarter. Acadian Asset Management LLC now owns 534,716 shares of the specialty retailer’s stock valued at $2,198,000 after buying an additional 227,237 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in TravelCenters of America by 53.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 75,023 shares of the specialty retailer’s stock valued at $308,000 after buying an additional 26,150 shares during the last quarter. 34.66% of the stock is owned by institutional investors and hedge funds.
TravelCenters of America Company Profile
TravelCenters of America LLC operates travel centers and standalone restaurants in the United States and Canada. Its travel centers offer a range of products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as parking, truck repair and maintenance services, full service restaurants, quick service restaurants, and various customer amenities.
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