TravelCenters of America (NASDAQ:TA) posted its quarterly earnings results on Sunday. The specialty retailer reported ($0.37) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.35, Fidelity Earnings reports. TravelCenters of America had a negative return on equity of 1.40% and a net margin of 0.69%.
Shares of NASDAQ TA traded down $2.27 during mid-day trading on Tuesday, reaching $25.98. 3,982 shares of the company’s stock were exchanged, compared to its average volume of 154,679. The firm has a market capitalization of $378.55 million, a price-to-earnings ratio of 6.63 and a beta of 2.04. The company has a current ratio of 1.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. The business has a fifty day simple moving average of $27.12 and a 200 day simple moving average of $29.49. TravelCenters of America has a twelve month low of $8.15 and a twelve month high of $35.99.
Several equities analysts have weighed in on the company. Credit Suisse Group raised TravelCenters of America from a “neutral” rating to an “outperform” rating in a research note on Monday. Zacks Investment Research raised TravelCenters of America from a “strong sell” rating to a “hold” rating in a research note on Tuesday. CIBC raised TravelCenters of America to an “outperformer” rating and increased their target price for the company from $10.00 to $13.00 in a research note on Wednesday, January 13th. Finally, BTIG Research increased their target price on TravelCenters of America from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, April 27th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $34.25.
TravelCenters of America Inc operates travel centers and standalone restaurants in the United States and Canada. Its travel centers offer a range of products and services, including diesel fuel and gasoline, diesel exhaust fluid, and truck repair and maintenance, and roadside services, as well as operates full service and quick service restaurants, and various customer amenities.
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