TravelCenters of America (NASDAQ:TA) posted its quarterly earnings data on Monday. The specialty retailer reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.23), Briefing.com reports. TravelCenters of America had a negative return on equity of 6.19% and a negative net margin of 0.04%. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the firm posted $1.58 EPS. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis.
Shares of NASDAQ TA opened at $4.46 on Monday. TravelCenters of America has a one year low of $3.05 and a one year high of $6.10. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.67 and a current ratio of 1.22. The firm has a market cap of $190.11 million, a PE ratio of -14.87 and a beta of 1.64.
In other news, Director Adam D. Portnoy purchased 1,492,691 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 143,264 shares of the company’s stock, valued at $805,143.68. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 3.80% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Engineers Gate Manager LP purchased a new stake in TravelCenters of America during the 3rd quarter worth about $154,000. Acadian Asset Management LLC increased its position in shares of TravelCenters of America by 13.1% during the 3rd quarter. Acadian Asset Management LLC now owns 256,373 shares of the specialty retailer’s stock valued at $1,462,000 after purchasing an additional 29,758 shares during the last quarter. Silverleafe Capital Partners LLC bought a new position in shares of TravelCenters of America during the 3rd quarter valued at about $143,000. B. Riley Financial Inc. bought a new position in shares of TravelCenters of America during the 2nd quarter valued at about $420,000. Finally, Jane Street Group LLC bought a new position in shares of TravelCenters of America during the 2nd quarter valued at about $369,000. 31.31% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have weighed in on TA shares. Craig Hallum boosted their price objective on TravelCenters of America from $6.50 to $10.00 in a research report on Wednesday, September 5th. B. Riley boosted their price objective on TravelCenters of America to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, September 5th. Finally, Zacks Investment Research raised TravelCenters of America from a “strong sell” rating to a “buy” rating and set a $5.50 price objective on the stock in a research report on Wednesday, October 10th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. TravelCenters of America has an average rating of “Buy” and a consensus price target of $7.38.
About TravelCenters of America
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.
Featured Article: Conference Calls and Individual Investors
Receive News & Ratings for TravelCenters of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TravelCenters of America and related companies with MarketBeat.com's FREE daily email newsletter.