Analysts Expect TravelCenters of America LLC (TA) Will Post Quarterly Sales of $1.62 Billion
Brokerages expect TravelCenters of America LLC (NYSE:TA) to report $1.62 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for TravelCenters of America’s earnings. TravelCenters of America posted sales of $1.48 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.5%. The company is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, November 7th.
According to Zacks, analysts expect that TravelCenters of America will report full-year sales of $1.62 billion for the current fiscal year. For the next fiscal year, analysts forecast that the company will post sales of $6.29 billion per share, with estimates ranging from $6.17 billion to $6.40 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover TravelCenters of America.
TravelCenters of America (NYSE:TA) last posted its quarterly earnings data on Tuesday, August 8th. The specialty retailer reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.01). The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.55 billion. TravelCenters of America had a negative return on equity of 2.19% and a negative net margin of 0.20%. The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.09 earnings per share.
Several research analysts have recently issued reports on the company. Zacks Investment Research raised TravelCenters of America from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 13th. FBR & Co reaffirmed a “buy” rating and set a $10.00 price target (up previously from $9.00) on shares of TravelCenters of America in a research note on Tuesday, September 12th. Finally, Citigroup Inc. downgraded TravelCenters of America from a “buy” rating to a “sell” rating and set a $4.50 price target for the company. in a research note on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $6.83.
TravelCenters of America (NYSE:TA) traded down 3.06% during midday trading on Wednesday, hitting $4.75. 157,342 shares of the stock were exchanged. TravelCenters of America has a one year low of $2.95 and a one year high of $7.75. The stock’s market cap is $187.89 million. The firm has a 50-day moving average price of $4.65 and a 200-day moving average price of $4.28.
Institutional investors have recently bought and sold shares of the stock. Highbridge Capital Management LLC purchased a new stake in TravelCenters of America during the 1st quarter worth about $106,000. State Street Corp increased its position in TravelCenters of America by 29.5% during 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 in the last quarter. Hanson & Doremus Investment Management increased its position in TravelCenters of America by 144.7% during 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 in the last quarter. Royal Bank of Canada increased its position in TravelCenters of America by 32.7% during the 2nd quarter. Royal Bank of Canada now owns 164,450 shares of the specialty retailer’s stock worth $674,000 after purchasing an additional 40,550 shares in the last quarter. Finally, Dimensional Fund Advisors LP purchased a new stake in TravelCenters of America during the 2nd quarter worth about $698,000.
About TravelCenters of America
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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