TravelCenters of America (NYSE:TA) Earning Somewhat Favorable Press Coverage, Analysis Finds

News articles about TravelCenters of America (NYSE:TA) have trended somewhat positive on Saturday, according to Accern Sentiment. The research group rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. TravelCenters of America earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned media coverage about the specialty retailer an impact score of 46.8495347477365 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

TravelCenters of America (TA) opened at 3.55 on Friday. The company’s market capitalization is $140.42 million. The stock’s 50 day moving average price is $3.81 and its 200-day moving average price is $5.09. TravelCenters of America has a 12 month low of $3.45 and a 12 month high of $7.75.

TravelCenters of America (NYSE:TA) last posted its quarterly earnings data on Tuesday, August 8th. The specialty retailer reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by $0.01. TravelCenters of America had a negative return on equity of 20.79% and a negative net margin of 2.11%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the previous year, the company posted $0.09 earnings per share. TravelCenters of America’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, equities research analysts predict that TravelCenters of America will post ($0.69) EPS for the current fiscal year.

A number of analysts have recently commented on TA shares. Zacks Investment Research raised TravelCenters of America from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. Citigroup Inc. reissued a “buy” rating and set a $5.50 price target (down from $7.50) on shares of TravelCenters of America in a research note on Monday, May 15th. ValuEngine lowered TravelCenters of America from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. FBR & Co reissued an “outperform” rating and set a $9.00 price target (down from $11.00) on shares of TravelCenters of America in a research note on Wednesday, May 10th. Finally, TheStreet lowered TravelCenters of America from a “c-” rating to a “d+” rating in a research note on Thursday, June 8th. Two investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company. TravelCenters of America has a consensus rating of “Hold” and an average price target of $7.25.

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In related news, insider Michael J. Lombardi bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was bought at an average cost of $4.05 per share, for a total transaction of $40,500.00. Following the acquisition, the insider now directly owns 393,385 shares of the company’s stock, valued at approximately $1,593,209.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

About TravelCenters of America

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.

Insider Buying and Selling by Quarter for TravelCenters of America (NYSE:TA)

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