TravelCenters of America (TA) Releases Earnings Results, Beats Estimates By $0.06 EPS

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 hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in TravelCenters of America by 11.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,751,163 shares of the specialty retailer’s stock worth $7,197,000 after acquiring an additional 182,982 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of TravelCenters of America by 73.9% during the first quarter. Acadian Asset Management LLC now owns 534,716 shares of the specialty retailer’s stock worth $2,198,000 after purchasing an additional 227,237 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of TravelCenters of America by 1,587.2% during the third quarter. JPMorgan Chase & Co. now owns 357,271 shares of the specialty retailer’s stock worth $2,036,000 after purchasing an additional 336,095 shares during the last quarter. Boston Partners grew its holdings in shares of TravelCenters of America by 3.5% during the first quarter. Boston Partners now owns 329,201 shares of the specialty retailer’s stock worth $1,353,000 after purchasing an additional 11,192 shares during the last quarter. Finally, B. Riley Financial Inc. grew its holdings in shares of TravelCenters of America by 136.7% during the fourth quarter. B. Riley Financial Inc. now owns 283,846 shares of the specialty retailer’s stock worth $1,067,000 after purchasing an additional 163,916 shares during the last quarter. 34.04% of the stock is owned by hedge funds and other institutional investors.

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.

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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.

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Earnings History for TravelCenters of America (NASDAQ:TA)

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