Equities analysts expect TravelCenters of America (NASDAQ:TA) to report sales of $1.87 billion for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for TravelCenters of America’s earnings, with the highest sales estimate coming in at $1.98 billion and the lowest estimate coming in at $1.77 billion. TravelCenters of America reported sales of $1.50 billion in the same quarter last year, which would indicate a positive year over year growth rate of 24.7%. The company is expected to report its next earnings results on Tuesday, August 14th.
On average, analysts expect that TravelCenters of America will report full year sales of $7.18 billion for the current fiscal year, with estimates ranging from $6.97 billion to $7.40 billion. For the next fiscal year, analysts forecast that the company will post sales of $7.40 billion per share, with estimates ranging from $7.35 billion to $7.44 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover TravelCenters of America.
Get TravelCenters of America alerts:TravelCenters of America (NASDAQ:TA) last released its earnings results on Monday, May 7th. The specialty retailer reported ($0.67) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.51). The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.59 billion. TravelCenters of America had a net margin of 0.46% and a negative return on equity of 5.55%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.53) earnings per share.
A number of research analysts recently issued reports on the company. B. Riley set a $9.00 target price on TravelCenters of America and gave the company a “buy” rating in a report on Wednesday, February 28th. TheStreet downgraded TravelCenters of America from a “c-” rating to a “d” rating in a report on Thursday, April 19th. Zacks Investment Research raised TravelCenters of America from a “sell” rating to a “hold” rating in a report on Friday, March 9th. Finally, Citigroup set a $4.00 price target on TravelCenters of America and gave the stock a “hold” rating in a report on Monday, March 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $7.00.
A number of hedge funds and other institutional investors have recently made changes to their positions in TA. Two Sigma Securities LLC acquired a new stake in shares of TravelCenters of America during the fourth quarter worth about $113,000. Wells Fargo & Company MN increased its position in shares of 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 worth $166,000 after purchasing an additional 14,708 shares in the last quarter. Ancora Advisors LLC increased its position in shares of TravelCenters of America by 64.0% during the first quarter. Ancora Advisors LLC now owns 61,624 shares of the specialty retailer’s stock worth $222,000 after purchasing an additional 24,048 shares in the last quarter. Jane Street Group LLC increased its position in shares of 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 worth $224,000 after purchasing an additional 14,887 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of TravelCenters of America during the fourth quarter worth about $380,000. 30.80% of the stock is owned by institutional investors.
TravelCenters of America opened at $3.10 on Tuesday, Marketbeat reports. The firm has a market capitalization of $124.00 million, a P/E ratio of -10.33 and a beta of 1.68. TravelCenters of America has a 12-month low of $2.95 and a 12-month high of $5.85. The company has a quick ratio of 0.63, a current ratio of 1.20 and a debt-to-equity ratio of 1.23.
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.
Get a free copy of the Zacks research report on TravelCenters of America (TA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
No comments:
Post a Comment