TravelCenters of America LLC (NASDAQ:TA) Expected to Post Earnings of $0.17 Per Share

Wall Street analysts predict that TravelCenters of America LLC (NASDAQ:TA) will report $0.17 earnings per share for the current quarter, Zacks reports. Two analysts have provided estimates for TravelCenters of America’s earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.16. TravelCenters of America reported earnings per share of ($0.05) in the same quarter last year, which would suggest a positive year over year growth rate of 440%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Monday, August 5th.

On average, analysts expect that TravelCenters of America will report full year earnings of ($0.14) per share for the current year. For the next financial year, analysts forecast that the business will report earnings of $0.03 per share, with EPS estimates ranging from ($0.08) to $0.13. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for TravelCenters of America.

TravelCenters of America (NASDAQ:TA) last issued its quarterly earnings data on Tuesday, May 7th. The specialty retailer reported ($0.36) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.42) by $0.06. TravelCenters of America had a negative net margin of 1.91% and a negative return on equity of 4.51%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the firm posted ($0.55) EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year.

TA has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 9th. B. Riley set a $71.00 price objective on shares of Brunswick and gave the stock a “buy” rating in a research report on Monday, June 17th. Finally, ValuEngine downgraded shares of Whiting USA Trust II from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th.

TA stock traded down $0.07 during trading on Tuesday, reaching $3.49. The stock had a trading volume of 48,407 shares, compared to its average volume of 50,811. TravelCenters of America has a one year low of $3.35 and a one year high of $6.10. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.45 and a current ratio of 0.90. The stock has a 50 day moving average price of $3.60.

In other news, COO Barry A. Richards sold 37,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $3.87, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Mark R. Young sold 101,010 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $3.68, for a total transaction of $371,716.80. Following the transaction, the vice president now directly owns 181,988 shares of the company’s stock, valued at $669,715.84. The disclosure for this sale can be found here. 8.40% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Falcon Point Capital LLC grew its position in shares of TravelCenters of America by 2.5% during the 1st quarter. Falcon Point Capital LLC now owns 151,036 shares of the specialty retailer’s stock valued at $621,000 after acquiring an additional 3,647 shares during the period. Menta Capital LLC boosted its holdings in TravelCenters of America by 26.1% in the 1st quarter. Menta Capital LLC now owns 20,160 shares of the specialty retailer’s stock worth $83,000 after buying an additional 4,171 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in TravelCenters of America by 22.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 48,873 shares of the specialty retailer’s stock worth $184,000 after buying an additional 9,067 shares during the period. Boston Partners boosted its holdings in TravelCenters of America by 3.5% in the 1st quarter. Boston Partners now owns 329,201 shares of the specialty retailer’s stock worth $1,353,000 after buying an additional 11,192 shares during the period. Finally, Wealth & Pension Services Group Inc. bought a new position in TravelCenters of America in the 1st quarter worth approximately $54,000. 34.04% of the stock is owned by hedge funds and other institutional investors.

About TravelCenters of America

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 and Estimates for TravelCenters of America (NASDAQ:TA)

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