$1.62 Billion in Sales Expected for TravelCenters of America LLC (TA) This Quarter
Brokerages expect that TravelCenters of America LLC (NYSE:TA) will report sales of $1.62 billion for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for TravelCenters of America’s earnings. TravelCenters of America reported sales of $1.48 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 9.5%. The company is expected to report its next quarterly earnings results on Tuesday, November 14th.
On average, analysts expect that TravelCenters of America will report full-year sales of $1.62 billion for the current fiscal year. For the next year, analysts anticipate that the company will post sales of $6.29 billion per share, with estimates ranging from $6.17 billion to $6.40 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover TravelCenters of America.
TravelCenters of America (NYSE:TA) last posted its quarterly earnings results on Tuesday, August 8th. The specialty retailer reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.55 billion. TravelCenters of America had a negative return on equity of 2.19% and a negative net margin of 0.20%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.09 earnings per share.
TA has been the subject of several research analyst reports. Zacks Investment Research upgraded TravelCenters of America from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 13th. FBR & Co set a $9.00 price objective on TravelCenters of America and gave the company a “buy” rating in a research report on Wednesday, August 30th. Finally, Citigroup Inc. lowered TravelCenters of America from a “buy” rating to a “sell” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $7.17.
Shares of TravelCenters of America (TA) opened at 4.90 on Friday. The company’s 50 day moving average is $4.12 and its 200 day moving average is $4.41. TravelCenters of America has a 12-month low of $2.95 and a 12-month high of $7.75. The firm’s market capitalization is $193.82 million.
A number of large investors have recently added to or reduced their stakes in TA. Los Angeles Capital Management & Equity Research Inc. boosted its position in TravelCenters of America by 18.0% during the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 16,414 shares of the specialty retailer’s stock worth $100,000 after acquiring an additional 2,500 shares during the last quarter. Highbridge Capital Management LLC acquired a new position in TravelCenters of America during the 1st quarter worth approximately $106,000. State Street Corp boosted its position in TravelCenters of America by 29.5% during the 2nd 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 during the last quarter. Menta Capital LLC boosted its position in TravelCenters of America by 71.0% during the 1st quarter. Menta Capital LLC now owns 30,113 shares of the specialty retailer’s stock worth $184,000 after acquiring an additional 12,505 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in TravelCenters of America by 6.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 79,700 shares of the specialty retailer’s stock worth $486,000 after acquiring an additional 5,100 shares during the last quarter.
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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