Analysts expect that TravelCenters of America LLC (NASDAQ:TA) will post $1.54 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for TravelCenters of America’s earnings, with the lowest sales estimate coming in at $1.44 billion and the highest estimate coming in at $1.63 billion. TravelCenters of America reported sales of $1.42 billion in the same quarter last year, which would suggest a positive year over year growth rate of 8.5%. The company is scheduled to issue its next quarterly earnings results 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 year, with estimates ranging from $5.91 billion to $6.10 billion. For the next year, analysts anticipate that the firm will report sales of $6.50 billion per share, with estimates ranging from $6.28 billion to $6.73 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover TravelCenters of America.
Several equities analysts have recently commented on TA shares. FBR & Co reissued a “buy” rating and issued a $10.00 target price (up previously from $9.00) on shares of TravelCenters of America in a report on Tuesday, September 12th. Zacks Investment Research raised shares of TravelCenters of America from a “sell” rating to a “buy” rating and set a $6.00 target price on the stock in a report on Wednesday, October 11th. B. Riley restated a “buy” rating and issued a $10.00 price target on shares of TravelCenters of America in a research report on Wednesday, November 8th. Finally, Citigroup Inc. cut shares of TravelCenters of America from a “buy” rating to a “sell” rating and set a $4.50 price target on the stock. in a research report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. TravelCenters of America currently has a consensus rating of “Hold” and a consensus price target of $7.38.
Shares of TravelCenters of America (NASDAQ TA) traded down $0.05 during trading hours on Wednesday, reaching $4.85. 108,200 shares of the company’s stock traded hands, compared to its average volume of 280,418. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 1.18. TravelCenters of America has a twelve month low of $2.95 and a twelve month high of $7.75.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Signia Capital Management LLC increased its holdings in TravelCenters of America by 494.1% in the 2nd quarter. Signia Capital Management LLC now owns 667,202 shares of the specialty retailer’s stock worth $2,736,000 after buying an additional 554,894 shares during the period. Forward Management LLC acquired a new position in TravelCenters of America in the 3rd quarter worth approximately $1,692,000. Russell Investments Group Ltd. increased its holdings in TravelCenters of America by 68.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 812,862 shares of the specialty retailer’s stock worth $3,455,000 after buying an additional 328,950 shares during the period. Sterneck Capital Management LLC increased its holdings in TravelCenters of America by 42.5% in the 2nd quarter. Sterneck Capital Management LLC now owns 816,871 shares of the specialty retailer’s stock worth $3,349,000 after buying an additional 243,673 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in TravelCenters of America by 118.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 371,102 shares of the specialty retailer’s stock worth $1,577,000 after buying an additional 200,905 shares during the period. Hedge funds and other institutional investors own 38.67% of the company’s stock.
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TravelCenters of America Company Profile
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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