Zacks: Brokerages Anticipate TravelCenters of America LLC (TA) Will Post Quarterly Sales of $1.54 Billion

Wall Street analysts predict that TravelCenters of America LLC (NASDAQ:TA) will post sales of $1.54 billion for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for TravelCenters of America’s earnings. The highest sales estimate is $1.63 billion and the lowest is $1.44 billion. TravelCenters of America posted sales of $1.42 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 8.5%. The business is scheduled to report its next quarterly earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that TravelCenters of America will report full year sales of $1.54 billion for the current financial year, with estimates ranging from $5.91 billion to $6.10 billion. For the next fiscal year, analysts forecast that the company will post sales of $6.50 billion per share, with estimates ranging from $6.28 billion to $6.73 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for TravelCenters of America.

TravelCenters of America (NASDAQ:TA) last issued its earnings results on Tuesday, November 7th. The specialty retailer reported $0.08 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.14). TravelCenters of America had a net margin of 0.40% and a negative return on equity of 1.79%. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.62 billion.

A number of equities analysts have recently issued reports on the company. B. Riley restated a “buy” rating on shares of TravelCenters of America in a research note on Wednesday, November 1st. Zacks Investment Research upgraded TravelCenters of America from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research note on Saturday, November 11th. TheStreet upgraded TravelCenters of America from a “d” rating to a “c-” rating in a research note on Thursday, November 30th. Finally, Citigroup upgraded TravelCenters of America from a “sell” rating to a “neutral” rating in a research note on Friday, December 8th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $7.38.

Several hedge funds have recently added to or reduced their stakes in TA. Dynamic Technology Lab Private Ltd bought a new position in TravelCenters of America in the 3rd quarter worth $126,000. Jane Street Group LLC bought a new position in TravelCenters of America in the 3rd quarter worth $169,000. State Street Corp raised its holdings in TravelCenters of America by 29.5% in the 2nd quarter. State Street Corp now owns 41,685 shares of the specialty retailer’s stock worth $171,000 after purchasing an additional 9,506 shares during the period. Highbridge Capital Management LLC bought a new position in TravelCenters of America in the 3rd quarter worth $225,000. Finally, Hanson & Doremus Investment Management raised its holdings in TravelCenters of America by 144.7% in the 3rd quarter. Hanson & Doremus Investment Management now owns 54,430 shares of the specialty retailer’s stock worth $231,000 after purchasing an additional 32,185 shares during the period. Hedge funds and other institutional investors own 34.34% of the company’s stock.

Shares of TravelCenters of America (NASDAQ TA) opened at $4.57 on Tuesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.21 and a quick ratio of 0.64. TravelCenters of America has a 52 week low of $2.95 and a 52 week high of $7.50.

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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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