TravelCenters of America LLC (TA) Issues Quarterly Earnings Results
TravelCenters of America LLC (NYSE:TA) released its quarterly earnings data on Tuesday. The specialty retailer reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.01, Morningstar.com reports. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.55 billion. TravelCenters of America had a negative net margin of 2.11% and a negative return on equity of 20.79%. TravelCenters of America’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $0.09 earnings per share.
Shares of TravelCenters of America (NYSE TA) opened at 3.65 on Wednesday. The stock has a 50 day moving average of $3.85 and a 200 day moving average of $5.34. TravelCenters of America has a 12-month low of $3.50 and a 12-month high of $8.32. The company’s market cap is $144.24 million.
Several research firms have 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 research 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 research report on Saturday, May 13th. Citigroup Inc. reissued a “buy” rating and issued a $5.50 price objective (down from $7.50) on shares of TravelCenters of America in a research report on Monday, May 15th. Finally, FBR & Co restated an “outperform” rating and issued a $9.00 price target (down previously from $11.00) on shares of TravelCenters of America in a report on Wednesday, May 10th. Two research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. TravelCenters of America has a consensus rating of “Hold” and an average price target of $7.25.
In other news, insider Michael J. Lombardi purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was bought at an average price of $4.05 per share, for a total transaction of $40,500.00. Following the completion of the purchase, the insider now directly owns 393,385 shares of the company’s stock, valued at $1,593,209.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of TravelCenters of America by 18.0% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 16,414 shares of the specialty retailer’s stock worth $100,000 after buying an additional 2,500 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in TravelCenters of America during the first quarter worth $106,000. Brandes Investment Partners LP bought a new stake in TravelCenters of America during the first quarter worth $109,000. Menta Capital LLC boosted its stake in TravelCenters of America by 71.0% in the first quarter. Menta Capital LLC now owns 30,113 shares of the specialty retailer’s stock worth $184,000 after buying an additional 12,505 shares during the last quarter. Finally, New Jersey Better Educational Savings Trust boosted its stake in TravelCenters of America by 33.3% in the first quarter. New Jersey Better Educational Savings Trust now owns 48,000 shares of the specialty retailer’s stock worth $293,000 after buying an additional 12,000 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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