Brokerages Expect TravelCenters of America LLC (TA) Will Post Earnings of $0.27 Per Share

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Analysts expect TravelCenters of America LLC (NASDAQ:TA) to post $0.27 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for TravelCenters of America’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.25. TravelCenters of America posted earnings of $0.08 per share during the same quarter last year, which suggests a positive year over year growth rate of 237.5%. The business is scheduled to issue its next quarterly earnings results on Tuesday, November 6th.

On average, analysts expect that TravelCenters of America will report full year earnings of ($0.68) per share for the current year, with EPS estimates ranging from ($0.70) to ($0.66). For the next fiscal year, analysts expect that the business will post earnings of ($0.19) per share, with EPS estimates ranging from ($0.37) to ($0.01). Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover TravelCenters of America.

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

Several research analysts have issued reports on TA shares. Craig Hallum started coverage on TravelCenters of America in a report on Monday, July 16th. They issued a “buy” rating and a $6.50 price target on the stock. TheStreet downgraded shares of TravelCenters of America from a “c-” rating to a “d” rating in a research note on Thursday, April 19th. Zacks Investment Research downgraded shares of TravelCenters of America from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 21st. Finally, 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 Tuesday, May 8th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $6.90.

A number of large investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in TravelCenters of America by 48.4% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,706 shares of the specialty retailer’s stock valued at $132,000 after acquiring an additional 12,290 shares during the period. Wells Fargo & Company MN boosted its holdings in TravelCenters of America by 57.0% during the fourth quarter. Wells Fargo & Company MN now owns 40,522 shares of the specialty retailer’s stock valued at $166,000 after acquiring an additional 14,708 shares during the period. Jane Street Group LLC boosted its holdings in TravelCenters of America by 37.4% during the fourth quarter. Jane Street Group LLC now owns 54,719 shares of the specialty retailer’s stock valued at $224,000 after acquiring an additional 14,887 shares during the period. Braun Bostich & Associates Inc. lifted its stake in shares of TravelCenters of America by 10.7% in the second quarter. Braun Bostich & Associates Inc. now owns 206,244 shares of the specialty retailer’s stock valued at $722,000 after buying an additional 20,000 shares during the period. Finally, Citadel Advisors LLC lifted its stake in shares of TravelCenters of America by 300.4% in the second quarter. Citadel Advisors LLC now owns 30,349 shares of the specialty retailer’s stock valued at $106,000 after buying an additional 22,770 shares during the period. Hedge funds and other institutional investors own 31.48% of the company’s stock.

Shares of NASDAQ TA remained flat at $$4.00 during trading on Friday. The company’s stock had a trading volume of 64,355 shares, compared to its average volume of 266,232. The company has a market capitalization of $159.09 million, a PE ratio of -13.33 and a beta of 1.85. TravelCenters of America has a 52 week low of $2.95 and a 52 week high of $5.85. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.22 and a quick ratio of 0.63.

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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