Brokerages Expect TravelCenters of America (TA) Will Post Earnings of -$0.16 Per Share

Brokerages expect that TravelCenters of America (NASDAQ:TA) will announce earnings per share (EPS) of ($0.16) for the current quarter, according to Zacks. Two analysts have made estimates for TravelCenters of America’s earnings, with the lowest EPS estimate coming in at ($0.20) and the highest estimate coming in at ($0.11). TravelCenters of America posted earnings of ($0.20) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 20%. The firm is scheduled to issue its next earnings report on Tuesday, May 8th.

According to Zacks, analysts expect that TravelCenters of America will report full year earnings of ($0.12) per share for the current financial year, with EPS estimates ranging from ($0.29) to $0.05. For the next year, analysts expect that the company will report earnings of ($0.26) per share, with EPS estimates ranging from ($0.61) to $0.10. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover TravelCenters of America.

TravelCenters of America (NASDAQ:TA) last issued its quarterly earnings data on Wednesday, February 28th. The specialty retailer reported ($0.52) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.47). The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.54 billion. TravelCenters of America had a negative return on equity of 2.20% and a net margin of 0.15%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the company earned ($0.17) EPS.

A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of TravelCenters of America from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. B. Riley set a $9.00 price objective on shares of TravelCenters of America and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Finally, Citigroup set a $4.00 target price on shares of TravelCenters of America and gave the company a “hold” rating in a research report on Monday, March 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $7.00.

Shares of TA traded up $0.08 during midday trading on Friday, reaching $3.75. The stock had a trading volume of 179,618 shares, compared to its average volume of 115,764. TravelCenters of America has a one year low of $2.95 and a one year high of $6.35. The company has a market cap of $150.00, a PE ratio of -12.50 and a beta of 1.72. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.22 and a quick ratio of 0.58.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TA. Two Sigma Securities LLC bought a new stake in shares of TravelCenters of America in the 4th quarter worth $113,000. California Public Employees Retirement System lifted its holdings in shares of TravelCenters of America by 6.1% in the fourth quarter. California Public Employees Retirement System now owns 532,262 shares of the specialty retailer’s stock worth $2,182,000 after buying an additional 30,610 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of TravelCenters of America in the fourth quarter worth about $380,000. JPMorgan Chase & Co. lifted its holdings in shares of TravelCenters of America by 354.3% in the third quarter. JPMorgan Chase & Co. now owns 65,876 shares of the specialty retailer’s stock worth $276,000 after buying an additional 51,374 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of TravelCenters of America by 118.0% in the third 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 in the last quarter. Hedge funds and other institutional investors own 32.99% of the company’s stock.

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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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