$1.98 Billion in Sales Expected for TravelCenters of America LLC (TA) This Quarter

Wall Street analysts predict that TravelCenters of America LLC (NASDAQ:TA) will report sales of $1.98 billion for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for TravelCenters of America’s earnings, with estimates ranging from $1.95 billion to $2.01 billion. TravelCenters of America reported sales of $1.58 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 25.3%. The company is scheduled to issue its next earnings report on Tuesday, November 6th.

According to Zacks, analysts expect that TravelCenters of America will report full year sales of $7.18 billion for the current fiscal year, with estimates ranging from $7.17 billion to $7.19 billion. For the next financial year, analysts expect that the company will post sales of $7.70 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover TravelCenters of America.

TravelCenters of America (NASDAQ:TA) last announced its quarterly earnings results on Monday, August 6th. The specialty retailer reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.26). The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.86 billion. TravelCenters of America had a negative return on equity of 6.19% and a negative net margin of 0.04%. TravelCenters of America’s revenue was up 22.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.08) EPS.

Several brokerages have recently commented on TA. Zacks Investment Research lowered TravelCenters of America from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 21st. Craig Hallum initiated coverage on TravelCenters of America in a research note on Monday, July 16th. They issued a “buy” rating and a $6.50 target price on the stock. Finally, B. Riley upped their target price on TravelCenters of America to $10.00 and gave the company a “buy” rating in a research note on Wednesday, September 5th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. TravelCenters of America presently has an average rating of “Buy” and a consensus target price of $7.38.

Shares of NASDAQ:TA traded down $0.08 during trading on Friday, hitting $4.95. 90,503 shares of the stock were exchanged, compared to its average volume of 226,662. The firm has a market capitalization of $226.70 million, a price-to-earnings ratio of -16.67 and a beta of 1.53. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.22 and a quick ratio of 0.67. TravelCenters of America has a 12-month low of $3.05 and a 12-month high of $6.10.

In related news, Director Adam D. Portnoy bought 1,492,691 shares of TravelCenters of America stock in a transaction that occurred on Wednesday, October 10th. The shares were purchased at an average price of $5.62 per share, with a total value of $8,388,923.42. Following the purchase, the director now owns 143,264 shares in the company, valued at $805,143.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.80% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its holdings in TravelCenters of America by 8.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,745,000 shares of the specialty retailer’s stock valued at $6,108,000 after acquiring an additional 133,700 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in TravelCenters of America by 21.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,171,816 shares of the specialty retailer’s stock valued at $4,101,000 after acquiring an additional 204,902 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in TravelCenters of America by 8.6% in the 1st quarter. Russell Investments Group Ltd. now owns 955,678 shares of the specialty retailer’s stock valued at $3,440,000 after acquiring an additional 75,276 shares during the last quarter. Nantahala Capital Management LLC raised its holdings in TravelCenters of America by 12.3% in the 2nd quarter. Nantahala Capital Management LLC now owns 759,401 shares of the specialty retailer’s stock valued at $2,658,000 after acquiring an additional 83,274 shares during the last quarter. Finally, Standard Life Aberdeen plc acquired a new position in TravelCenters of America in the 2nd quarter valued at $996,000. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for TravelCenters of America (NASDAQ:TA)

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