TravelCenters of America LLC (TA) Issues Earnings Results, Misses Estimates By $0.01 EPS

TravelCenters of America LLC (NYSE:TA) announced its quarterly earnings data on Tuesday, August 8th. The specialty retailer reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.01, Morningstar.com reports. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.55 billion. TravelCenters of America had a negative net margin of 2.11% and a negative return on equity of 20.79%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 EPS.

TravelCenters of America (TA) traded up 1.43% on Friday, hitting $3.55. The stock had a trading volume of 115,400 shares. The firm’s market cap is $140.42 million. The company has a 50-day moving average price of $3.81 and a 200 day moving average price of $5.09. TravelCenters of America has a 52-week low of $3.45 and a 52-week high of $7.75.

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

In other TravelCenters of America news, insider Michael J. Lombardi acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was purchased at an average price of $4.05 per share, for a total transaction of $40,500.00. Following the acquisition, the insider now owns 393,385 shares in the company, valued at approximately $1,593,209.25. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. raised its position in shares of TravelCenters of America by 13.9% in the first quarter. Russell Investments Group Ltd. now owns 271,711 shares of the specialty retailer’s stock worth $1,657,000 after buying an additional 33,101 shares during the period. Boston Partners raised its position in shares of TravelCenters of America by 2.2% in the first quarter. Boston Partners now owns 402,547 shares of the specialty retailer’s stock worth $2,456,000 after buying an additional 8,547 shares during the period. New Jersey Better Educational Savings Trust raised its position in shares of TravelCenters of America by 33.3% in the first quarter. New Jersey Better Educational Savings Trust now owns 48,000 shares of the specialty retailer’s stock worth $293,000 after buying an additional 12,000 shares during the period. Citadel Advisors LLC raised its position in shares of TravelCenters of America by 7.7% in the first quarter. Citadel Advisors LLC now owns 111,041 shares of the specialty retailer’s stock worth $677,000 after buying an additional 7,961 shares during the period. Finally, Brandes Investment Partners LP purchased a new position in shares of TravelCenters of America during the first quarter worth about $109,000.

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.

Earnings History for TravelCenters of America (NYSE:TA)

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