Brokerages forecast that TravelCenters of America LLC (NASDAQ:TA) will announce sales of $1.54 billion for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for TravelCenters of America’s earnings, with estimates ranging from $1.44 billion to $1.63 billion. TravelCenters of America reported sales of $1.42 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 8.5%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that TravelCenters of America will report full year sales of $1.54 billion for the current financial year, with estimates ranging from $5.91 billion to $6.10 billion. For the next fiscal year, analysts forecast that the company will post sales of $6.50 billion per share, with estimates ranging from $6.28 billion to $6.73 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover TravelCenters of America.

A number of equities research analysts have issued reports on the company. B. Riley restated a “buy” rating on shares of TravelCenters of America in a research report on Wednesday, November 1st. Zacks Investment Research downgraded TravelCenters of America from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Citigroup upgraded TravelCenters of America from a “sell” rating to a “neutral” rating in a research report on Friday, December 8th. Finally, TheStreet upgraded TravelCenters of America from a “d” rating to a “c-” rating in a research report on Thursday, November 30th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. TravelCenters of America has a consensus rating of “Hold” and a consensus price target of $7.38.

TravelCenters of America (NASDAQ TA) traded up $0.05 during trading hours on Friday, hitting $4.70. The company had a trading volume of 152,454 shares, compared to its average volume of 338,716. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $185.91, a P/E ratio of 7.97 and a beta of 2.37. TravelCenters of America has a 12 month low of $2.95 and a 12 month high of $7.50.

A number of hedge funds have recently modified their holdings of the business. Highbridge Capital Management LLC bought a new position in shares of TravelCenters of America during the third quarter valued at approximately $225,000. Jane Street Group LLC bought a new position in shares of TravelCenters of America during the third quarter valued at approximately $169,000. Signia Capital Management LLC grew its stake in shares of TravelCenters of America by 2.9% during the third quarter. Signia Capital Management LLC now owns 686,442 shares of the specialty retailer’s stock valued at $2,917,000 after buying an additional 19,240 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of TravelCenters of America by 118.0% during the third quarter. Dimensional Fund Advisors LP now owns 371,102 shares of the specialty retailer’s stock valued at $1,577,000 after buying an additional 200,905 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of TravelCenters of America by 354.3% during the third quarter. JPMorgan Chase & Co. now owns 65,876 shares of the specialty retailer’s stock valued at $276,000 after buying an additional 51,374 shares during the last quarter. Institutional investors and hedge funds own 34.10% of the company’s stock.

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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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