TravelCenters of America (TA) Releases Quarterly Earnings, Beats Expectations By $0.20 EPS
TravelCenters of America (NYSE:TA) issued its quarterly earnings data on Thursday. The company reported $0.01 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.19) by $0.20, StockRatingsNetwork.com reports. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.02 billion.
Shares of TravelCenters of America (NYSE:TA) traded up 0.83% during mid-day trading on Thursday, hitting $9.73. 116,573 shares of the company’s stock traded hands. TravelCenters of America has a 1-year low of $7.01 and a 1-year high of $11.17. The stock’s 50-day moving average is $9.07 and its 200-day moving average is $8.44. The company has a market cap of $366.1 million and a P/E ratio of 9.14.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of TravelCenters of America from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 12th. They now have a $9.60 price target on the stock. On a related note, analysts at TheStreet upgraded shares of TravelCenters of America from a “hold” rating to a “buy” rating in a research note on Thursday, June 26th. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of TravelCenters of America in a research note on Wednesday, June 18th. They now have a $10.00 price target on the stock, down previously from $11.00.
TravelCenters of America LLC (NYSE:TA) operates and franchises travel centers primarily along the United States interstate highway system.
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