Brokerages Expect TravelCenters of America LLC (TA) Will Announce Quarterly Sales of $1.98 Billion

Wall Street analysts expect that TravelCenters of America LLC (NASDAQ:TA) will report $1.98 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for TravelCenters of America’s earnings, with estimates ranging from $1.95 billion to $2.01 billion. TravelCenters of America posted sales of $1.58 billion in the same quarter last year, which would indicate a positive year over year growth rate of 25.3%. The company is scheduled to announce its next earnings report on Tuesday, November 6th.

On average, analysts expect that TravelCenters of America will report full-year sales of $7.22 billion for the current year, with estimates ranging from $7.17 billion to $7.26 billion. For the next year, analysts forecast that the business will post sales of $7.52 billion per share, with estimates ranging from $7.33 billion to $7.70 billion. Zacks’ sales calculations are an average based on a survey of analysts that cover TravelCenters of America.

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

TA has been the topic of a number of recent research reports. Craig Hallum initiated coverage on shares of TravelCenters of America in a report on Monday, July 16th. They issued a “buy” rating and a $6.50 target price on the stock. Zacks Investment Research cut shares of TravelCenters of America from a “hold” rating to a “strong sell” rating in a report 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 report on Tuesday, May 8th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $6.90.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. B. Riley Financial Inc. acquired a new position in TravelCenters of America in the 2nd quarter valued at $420,000. Jane Street Group LLC acquired a new position in TravelCenters of America in the 2nd quarter valued at $369,000. Nantahala Capital Management LLC increased its stake in TravelCenters of America by 12.3% in the 2nd quarter. Nantahala Capital Management LLC now owns 759,401 shares of the specialty retailer’s stock valued at $2,658,000 after buying an additional 83,274 shares during the period. Renaissance Technologies LLC increased its stake in TravelCenters of America by 8.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,745,000 shares of the specialty retailer’s stock valued at $6,108,000 after buying an additional 133,700 shares during the period. Finally, Citadel Advisors LLC increased its stake in TravelCenters of America by 300.4% in the 2nd 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. 31.35% of the stock is currently owned by institutional investors.

Shares of NASDAQ:TA remained flat at $$4.15 during trading on Friday. 400 shares of the stock traded hands, compared to its average volume of 156,345. The stock has a market cap of $165.05 million, a P/E ratio of -13.83 and a beta of 1.85. TravelCenters of America has a twelve month low of $2.95 and a twelve month high of $5.85. The company has a quick ratio of 0.67, a current ratio of 1.22 and a debt-to-equity ratio of 1.29.

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.

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Earnings History and Estimates for TravelCenters of America (NASDAQ:TA)

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