TravelCenters of America (NASDAQ:TA) released its quarterly earnings data on Tuesday, May 7th. The specialty retailer reported ($0.36) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.42) by $0.06, Morningstar.com reports. TravelCenters of America had a negative net margin of 1.91% and a negative return on equity of 4.51%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the business posted ($0.55) earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year.
TA stock traded down $0.02 during midday trading on Thursday, reaching $3.62. The company had a trading volume of 690,584 shares, compared to its average volume of 102,888. The company has a market cap of $146.21 million, a PE ratio of -5.66 and a beta of 1.73. TravelCenters of America has a 1-year low of $3.10 and a 1-year high of $6.10. The company has a quick ratio of 0.45, a current ratio of 0.90 and a debt-to-equity ratio of 4.27.
In related news, VP Mark R. Young sold 101,010 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $3.68, for a total value of $371,716.80. Following the completion of the transaction, the vice president now owns 181,988 shares of the company’s stock, valued at $669,715.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Barry A. Richards sold 37,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $3.87, for a total value of $143,190.00. Following the completion of the transaction, the chief operating officer now directly owns 215,235 shares of the company’s stock, valued at approximately $832,959.45. The disclosure for this sale can be found here. 8.40% of the stock is owned by insiders.
A number of equities research analysts have recently issued reports on TA shares. ValuEngine raised shares of TravelCenters of America from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. Zacks Investment Research raised shares of TravelCenters of America from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 9th. Finally, CIBC reissued a “hold” rating and issued a $9.00 target price on shares of TravelCenters of America in a research report on Thursday, February 28th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. TravelCenters of America currently has a consensus rating of “Buy” and an average price target of $9.06.
TRADEMARK VIOLATION WARNING: This report was originally posted by Rockland Register and is the sole property of of Rockland Register. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://rocklandregister.com/2019/05/30/travelcenters-of-america-ta-releases-quarterly-earnings-results.html.
TravelCenters of America Company Profile
TravelCenters of America LLC operates travel centers and standalone restaurants in the United States and Canada. Its travel centers offer a range of products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as parking, truck repair and maintenance services, full service restaurants, quick service restaurants, and various customer amenities.
Featured Story: What is a good rate of return for a mutual fund?
Receive News & Ratings for TravelCenters of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TravelCenters of America and related companies with MarketBeat.com's FREE daily email newsletter.