Zacks: Analysts Expect TravelCenters of America LLC (NYSE:TA) to Post $0.04 EPS
Brokerages expect that TravelCenters of America LLC (NYSE:TA) will announce earnings per share (EPS) of $0.04 for the current quarter, according to Zacks. Two analysts have made estimates for TravelCenters of America’s earnings, with estimates ranging from ($0.03) to $0.10. TravelCenters of America reported earnings of $0.09 per share in the same quarter last year, which indicates a negative year over year growth rate of 55.6%. The firm is scheduled to report its next quarterly earnings report on Monday, August 14th.
According to Zacks, analysts expect that TravelCenters of America will report full year earnings of ($0.45) per share for the current year, with EPS estimates ranging from ($0.54) to ($0.36). For the next fiscal year, analysts expect that the company will post earnings of $0.20 per share, with EPS estimates ranging from $0.09 to $0.32. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for TravelCenters of America.
TravelCenters of America (NYSE:TA) last issued its quarterly earnings results on Tuesday, May 9th. The specialty retailer reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by $0.01. TravelCenters of America had a negative return on equity of 20.79% and a negative net margin of 2.11%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the business posted ($0.26) earnings per share. The business’s revenue was up 21.0% on a year-over-year basis.
Several brokerages recently issued reports on TA. ValuEngine cut shares of TravelCenters of America from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. TheStreet cut shares of TravelCenters of America from a “c-” rating to a “d+” rating in a report on Thursday, June 8th. Zacks Investment Research cut shares of TravelCenters of America from a “hold” rating to a “strong sell” rating in a report on Saturday, May 13th. Citigroup Inc. restated a “buy” rating and issued a $5.50 price objective (down previously from $7.50) on shares of TravelCenters of America in a report on Monday, May 15th. Finally, FBR & Co restated an “outperform” rating and issued a $9.00 price objective (down previously from $11.00) on shares of TravelCenters of America in a report on Wednesday, May 10th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. TravelCenters of America presently has an average rating of “Hold” and an average price target of $7.25.
Shares of TravelCenters of America (NYSE:TA) opened at 4.15 on Wednesday. TravelCenters of America has a 52 week low of $3.55 and a 52 week high of $8.78. The firm’s market capitalization is $164.00 million. The stock has a 50 day moving average price of $3.91 and a 200 day moving average price of $5.93.
In other news, insider Michael J. Lombardi purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were purchased at an average price of $4.05 per share, for a total transaction of $40,500.00. Following the completion of the acquisition, the insider now directly owns 393,385 shares in the company, valued at approximately $1,593,209.25. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Several large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. purchased a new stake in TravelCenters of America during the fourth quarter worth approximately $1,730,000. Sterneck Capital Management LLC boosted its stake in TravelCenters of America by 62.6% in the first quarter. Sterneck Capital Management LLC now owns 573,198 shares of the specialty retailer’s stock worth $3,497,000 after buying an additional 220,601 shares during the last quarter. Anchor Capital Advisors LLC purchased a new stake in TravelCenters of America during the first quarter worth approximately $1,235,000. Bank of America Corp DE boosted its stake in TravelCenters of America by 1,039.9% in the first quarter. Bank of America Corp DE now owns 189,604 shares of the specialty retailer’s stock worth $1,156,000 after buying an additional 172,971 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in TravelCenters of America by 92.1% in the first quarter. Goldman Sachs Group Inc. now owns 300,604 shares of the specialty retailer’s stock worth $1,834,000 after buying an additional 144,115 shares during the last quarter.
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About TravelCenters of America
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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