Equities analysts expect that TravelCenters of America LLC (NASDAQ:TA) will post $1.98 billion in sales for the current quarter, according to Zacks. Two analysts have made estimates for TravelCenters of America’s earnings, with the lowest sales estimate coming in at $1.95 billion and the highest estimate coming in at $2.01 billion. TravelCenters of America posted sales of $1.58 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 25.3%. The company is scheduled to announce its next quarterly earnings report on Tuesday, November 6th.
According to Zacks, analysts expect that TravelCenters of America will report full-year sales of $7.22 billion for the current year, with estimates ranging from $7.17 billion to $7.26 billion. For the next year, analysts anticipate that the firm will post sales of $7.52 billion per share, with estimates ranging from $7.33 billion to $7.70 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover TravelCenters of America.
TravelCenters of America (NASDAQ:TA) last released its quarterly earnings data on Monday, August 6th. The specialty retailer reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.26). TravelCenters of America had a negative return on equity of 6.19% and a negative net margin of 0.04%. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the firm posted ($0.08) EPS. The business’s quarterly revenue was up 22.7% on a year-over-year basis.
Several research firms recently issued reports on TA. TheStreet downgraded TravelCenters of America from a “c-” rating to a “d” rating in a report on Thursday, April 19th. Craig Hallum began coverage on TravelCenters of America in a report on Monday, July 16th. They issued a “buy” rating and a $6.50 price objective on the stock. B. Riley set a $9.00 price objective on TravelCenters of America and gave the company a “buy” rating in a report on Tuesday, May 8th. Finally, Zacks Investment Research upgraded TravelCenters of America from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $6.90.
Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its stake in TravelCenters of America by 21.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,171,816 shares of the specialty retailer’s stock worth $4,101,000 after purchasing an additional 204,902 shares in the last quarter. Russell Investments Group Ltd. grew its stake in TravelCenters of America by 8.6% during the 1st quarter. Russell Investments Group Ltd. now owns 955,678 shares of the specialty retailer’s stock worth $3,440,000 after purchasing an additional 75,276 shares in the last quarter. Millennium Management LLC grew its stake in TravelCenters of America by 360.2% during the 4th quarter. Millennium Management LLC now owns 914,081 shares of the specialty retailer’s stock worth $3,748,000 after purchasing an additional 715,440 shares in the last quarter. Southpaw Asset Management LP acquired a new position in TravelCenters of America during the 1st quarter worth $1,667,000. Finally, Standard Life Aberdeen plc acquired a new position in TravelCenters of America during the 2nd quarter worth $996,000. Hedge funds and other institutional investors own 31.48% of the company’s stock.
NASDAQ:TA remained flat at $$4.00 on Tuesday. The company’s stock had a trading volume of 64,355 shares, compared to its average volume of 266,232. TravelCenters of America has a 12 month low of $2.95 and a 12 month high of $5.85. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.22 and a quick ratio of 0.63. The stock has a market capitalization of $159.09 million, a P/E ratio of -13.33 and a beta of 1.85.
TravelCenters of America Company Profile
TravelCenters of America LLC operates travel centers and convenience stores in the United States and Canada. It operates in two segments, Travel Centers and Convenience Stores. Its travel centers offer 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 (QSR), and various customer amenities.
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