Wall Street brokerages expect TravelCenters of America LLC (NYSE:TA) to report $1.60 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for TravelCenters of America’s earnings, with the lowest sales estimate coming in at $1.57 billion and the highest estimate coming in at $1.62 billion. TravelCenters of America posted sales of $1.48 billion during the same quarter last year, which would indicate a positive year over year growth rate of 8.1%. The firm is expected to issue its next quarterly earnings results on Tuesday, November 14th.

According to Zacks, analysts expect that TravelCenters of America will report full year sales of $1.60 billion for the current year, with estimates ranging from $5.97 billion to $5.98 billion. For the next financial year, analysts forecast that the business will post sales of $6.33 billion per share, with estimates ranging from $6.25 billion to $6.40 billion. Zacks’ sales 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 earnings results on Tuesday, August 8th. The specialty retailer reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.55 billion. TravelCenters of America had a negative return on equity of 20.79% and a negative net margin of 2.11%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the company posted $0.09 earnings per share.

Several brokerages have recently issued reports on TA. Zacks Investment Research downgraded TravelCenters of America from a “hold” rating to a “sell” rating in a research report on Tuesday. TheStreet downgraded TravelCenters of America from a “c-” rating to a “d+” rating in a research report on Thursday, June 8th. ValuEngine downgraded TravelCenters of America from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Citigroup Inc. reiterated a “buy” rating and set 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 reiterated an “outperform” rating and set a $9.00 price objective (down from $11.00) on shares of TravelCenters of America in a research report on Wednesday, May 10th. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $7.25.

In other TravelCenters of America news, insider Michael J. Lombardi acquired 10,000 shares of TravelCenters of America stock in a transaction dated Tuesday, May 30th. The stock was acquired at an average cost of $4.05 per share, for a total transaction of $40,500.00. Following the completion of the transaction, the insider now owns 393,385 shares in the company, valued at approximately $1,593,209.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Several institutional investors have recently modified their holdings of the company. Sterneck Capital Management LLC increased its position in shares of TravelCenters of America by 42.5% in the second quarter. Sterneck Capital Management LLC now owns 816,871 shares of the specialty retailer’s stock valued at $3,349,000 after buying an additional 243,673 shares in the last quarter. State Street Corp increased its position in shares of TravelCenters of America by 29.5% in the second quarter. State Street Corp now owns 41,685 shares of the specialty retailer’s stock valued at $171,000 after buying an additional 9,506 shares in the last quarter. Royal Bank of Canada increased its position in shares of TravelCenters of America by 32.7% in the second quarter. Royal Bank of Canada now owns 164,450 shares of the specialty retailer’s stock valued at $674,000 after buying an additional 40,550 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of TravelCenters of America during the second quarter valued at about $698,000. Finally, Signia Capital Management LLC increased its position in shares of TravelCenters of America by 494.1% in the second quarter. Signia Capital Management LLC now owns 667,202 shares of the specialty retailer’s stock valued at $2,736,000 after buying an additional 554,894 shares in the last quarter.

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TravelCenters of America (NYSE TA) opened at 3.50 on Friday. TravelCenters of America has a 52 week low of $3.45 and a 52 week high of $7.75. The stock’s market capitalization is $138.45 million. The stock’s 50 day moving average price is $3.83 and its 200-day moving average price is $5.11.

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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Earnings History and Estimates for TravelCenters of America (NYSE:TA)

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