$1.54 Billion in Sales Expected for TravelCenters of America LLC (TA) This Quarter

Equities research analysts expect that TravelCenters of America LLC (NASDAQ:TA) will post sales of $1.54 billion for the current quarter, according to Zacks. Two analysts have provided estimates for TravelCenters of America’s earnings. The highest sales estimate is $1.63 billion and the lowest is $1.44 billion. TravelCenters of America posted sales of $1.42 billion during the same quarter last year, which suggests a positive year over year growth rate of 8.5%. The company is scheduled to report its next quarterly earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that TravelCenters of America will report full-year sales of $1.54 billion for the current year, with estimates ranging from $5.91 billion to $6.10 billion. For the next year, analysts anticipate that the firm will report sales of $6.50 billion per share, with estimates ranging from $6.28 billion to $6.73 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover TravelCenters of America.

A number of analysts recently issued reports on TA shares. FBR & Co restated a “buy” rating and issued a $10.00 price target (up previously from $9.00) on shares of TravelCenters of America in a research note on Tuesday, September 12th. B. Riley reiterated a “buy” rating on shares of TravelCenters of America in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of TravelCenters of America from a “sell” rating to a “buy” rating and set a $6.00 target price for the company in a research note on Wednesday, October 11th. TheStreet upgraded shares of TravelCenters of America from a “d” rating to a “c-” rating in a research note on Thursday, November 30th. Finally, Citigroup upgraded shares of TravelCenters of America from a “sell” rating to a “neutral” rating in a research note on Friday, December 8th. 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 stock. TravelCenters of America has a consensus rating of “Hold” and an average price target of $7.38.

A number of hedge funds have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd acquired a new position in shares of TravelCenters of America during the third quarter valued at $126,000. Jane Street Group LLC acquired a new position in shares of TravelCenters of America during the third quarter valued at $169,000. State Street Corp boosted its holdings in shares of TravelCenters of America by 29.5% during the second quarter. State Street Corp now owns 41,685 shares of the specialty retailer’s stock valued at $171,000 after acquiring an additional 9,506 shares during the period. Highbridge Capital Management LLC acquired a new position in shares of TravelCenters of America during the third quarter valued at $225,000. Finally, Hanson & Doremus Investment Management boosted its holdings in shares of TravelCenters of America by 144.7% during the third quarter. Hanson & Doremus Investment Management now owns 54,430 shares of the specialty retailer’s stock valued at $231,000 after acquiring an additional 32,185 shares during the period. Hedge funds and other institutional investors own 34.10% of the company’s stock.

Shares of TravelCenters of America (NASDAQ:TA) opened at $4.05 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 1.18. The stock has a market cap of $160.20, a price-to-earnings ratio of 6.86 and a beta of 2.36. TravelCenters of America has a 12 month low of $2.95 and a 12 month high of $7.75.

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TravelCenters of America Company Profile

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.

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