Analysts predict that TravelCenters of America LLC (NASDAQ:TA) will report sales of $1.59 billion for the current quarter, according to Zacks. Two analysts have made estimates for TravelCenters of America’s earnings, with the highest sales estimate coming in at $1.61 billion and the lowest estimate coming in at $1.58 billion. TravelCenters of America reported sales of $1.39 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 14.4%. The company is scheduled to issue its next earnings report on Tuesday, May 8th.
On average, analysts expect that TravelCenters of America will report full year sales of $1.59 billion for the current fiscal year, with estimates ranging from $6.78 billion to $7.03 billion. For the next financial year, analysts anticipate that the company will post sales of $7.11 billion per share, with estimates ranging from $6.72 billion to $7.49 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover TravelCenters of America.
TravelCenters of America (NASDAQ:TA) last released its quarterly earnings results on Wednesday, February 28th. The specialty retailer reported ($0.52) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.47). TravelCenters of America had a net margin of 0.15% and a negative return on equity of 2.20%. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the prior year, the firm earned ($0.17) EPS. The firm’s revenue was up 12.5% compared to the same quarter last year.
A number of research firms have recently issued reports on TA. Zacks Investment Research upgraded shares of TravelCenters of America from a “sell” rating to a “hold” rating in a report on Friday, March 9th. Citigroup set a $4.00 price target on shares of TravelCenters of America and gave the company a “hold” rating in a report on Monday, March 5th. B. Riley set a $10.00 price target on shares of TravelCenters of America and gave the company a “buy” rating in a report on Thursday, November 30th. Finally, TheStreet upgraded shares of TravelCenters of America from a “d” rating to a “c-” rating in a report on Thursday, November 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. TravelCenters of America has a consensus rating of “Hold” and an average target price of $7.00.
Shares of TA stock opened at $3.55 on Wednesday. TravelCenters of America has a 1-year low of $2.95 and a 1-year high of $6.38. The company has a current ratio of 1.22, a quick ratio of 0.58 and a debt-to-equity ratio of 1.21. The stock has a market cap of $145.94, a P/E ratio of 14.79 and a beta of 1.94.
A number of institutional investors and hedge funds have recently made changes to their positions in TA. Two Sigma Securities LLC purchased a new position in TravelCenters of America during the fourth quarter valued at approximately $113,000. Dynamic Technology Lab Private Ltd bought a new stake in TravelCenters of America in the third quarter worth approximately $126,000. Wells Fargo & Company MN grew its position in TravelCenters of America by 57.0% in the fourth quarter. Wells Fargo & Company MN now owns 40,522 shares of the specialty retailer’s stock worth $166,000 after acquiring an additional 14,708 shares in the last quarter. Jane Street Group LLC bought a new stake in TravelCenters of America in the third quarter worth approximately $169,000. Finally, State Street Corp grew its position in TravelCenters of America by 29.5% in the second quarter. State Street Corp now owns 41,685 shares of the specialty retailer’s stock worth $171,000 after acquiring an additional 9,506 shares in the last quarter. 32.62% of the stock is currently owned by hedge funds and other institutional investors.
TravelCenters of America Company Profile
TravelCenters of America LLC (TravelCenters) operates and franchises travel centers and convenience store and restaurant locations. The Company’s segments include travel centers, convenience stores, and corporate and other. The Company offers a range of products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as truck repair and maintenance services, full service restaurants, quick service restaurants (QSRs), travel/convenience stores and various customer amenities.
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