Brokerages Anticipate TravelCenters of America LLC (TA) Will Post Quarterly Sales of $1.59 Billion

Brokerages expect that TravelCenters of America LLC (NASDAQ:TA) will announce sales of $1.59 billion for the current quarter, Zacks reports. Two analysts have issued estimates for TravelCenters of America’s earnings, with estimates ranging from $1.58 billion to $1.61 billion. TravelCenters of America posted sales of $1.39 billion during the same quarter last year, which would indicate a positive year over year growth rate of 14.4%. The company is scheduled to report its next earnings report on Tuesday, May 8th.

On average, analysts expect that TravelCenters of America will report full year sales of $1.59 billion for the current financial year, with estimates ranging from $6.78 billion to $7.03 billion. For the next fiscal year, analysts expect that the business will report sales of $7.11 billion per share, with estimates ranging from $6.72 billion to $7.49 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow TravelCenters of America.

TravelCenters of America (NASDAQ:TA) last announced its quarterly earnings results on Wednesday, February 28th. The specialty retailer reported ($0.52) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.47). TravelCenters of America had a negative return on equity of 2.20% and a net margin of 0.15%. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the company earned ($0.17) EPS. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year.



A number of research analysts recently issued reports on TA shares. Zacks Investment Research upgraded shares of TravelCenters of America from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. B. Riley set a $9.00 target price on shares of TravelCenters of America and gave the company a “buy” rating in a research note on Wednesday, February 28th. Finally, Citigroup set a $4.00 target price on shares of TravelCenters of America and gave the company a “hold” rating in a research note on Monday, March 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $7.00.

Shares of TA traded up $0.08 during mid-day trading on Friday, hitting $3.65. 98,348 shares of the company’s stock were exchanged, compared to its average volume of 212,785. TravelCenters of America has a twelve month low of $2.95 and a twelve month high of $6.35. The company has a quick ratio of 0.58, a current ratio of 1.22 and a debt-to-equity ratio of 1.21. The firm has a market cap of $142.01, a price-to-earnings ratio of -11.93 and a beta of 1.72.

A number of hedge funds and other institutional investors have recently bought and sold shares of TA. Two Sigma Securities LLC acquired a new stake in TravelCenters of America in the 4th quarter worth $113,000. Dynamic Technology Lab Private Ltd acquired a new stake in TravelCenters of America in the 3rd quarter worth $126,000. Wells Fargo & Company MN grew its position in TravelCenters of America by 57.0% in the 4th quarter. Wells Fargo & Company MN now owns 40,522 shares of the specialty retailer’s stock worth $166,000 after purchasing an additional 14,708 shares during the last quarter. Jane Street Group LLC acquired a new stake in TravelCenters of America in the 3rd quarter worth $169,000. Finally, State Street Corp grew its position 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 last quarter. Institutional investors own 32.96% of the company’s stock.

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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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