TravelCenters of America (TA) Scheduled to Post Earnings on Monday

TravelCenters of America (NASDAQ:TAGet Rating) is set to announce its earnings results after the market closes on Monday, May 2nd. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

TravelCenters of America (NASDAQ:TAGet Rating) last posted its earnings results on Tuesday, February 22nd. The specialty retailer reported $0.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.87. TravelCenters of America had a net margin of 0.80% and a return on equity of 8.95%. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.10 billion. During the same quarter in the prior year, the business earned ($0.28) EPS. On average, analysts expect TravelCenters of America to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of NASDAQ:TA opened at $38.24 on Monday. The firm’s 50 day moving average price is $41.38 and its 200-day moving average price is $47.58. TravelCenters of America has a twelve month low of $24.54 and a twelve month high of $64.58. The company has a quick ratio of 1.32, a current ratio of 1.69 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $567.37 million, a PE ratio of 9.54 and a beta of 2.03.

A number of institutional investors have recently added to or reduced their stakes in TA. Millennium Management LLC purchased a new stake in TravelCenters of America in the 4th quarter worth approximately $5,210,000. Marshall Wace LLP increased its holdings in TravelCenters of America by 247.5% in the 4th quarter. Marshall Wace LLP now owns 108,598 shares of the specialty retailer’s stock worth $5,604,000 after acquiring an additional 77,346 shares in the last quarter. Morgan Stanley increased its holdings in TravelCenters of America by 159.9% in the 2nd quarter. Morgan Stanley now owns 120,541 shares of the specialty retailer’s stock worth $3,525,000 after acquiring an additional 74,154 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in TravelCenters of America by 8.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 756,365 shares of the specialty retailer’s stock worth $39,043,000 after acquiring an additional 59,385 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in TravelCenters of America by 25.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 241,616 shares of the specialty retailer’s stock valued at $12,473,000 after buying an additional 48,507 shares in the last quarter. 62.03% of the stock is owned by institutional investors.

TA has been the topic of several recent research reports. Zacks Investment Research cut shares of TravelCenters of America from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 7th. DA Davidson lowered their price objective on shares of TravelCenters of America from $76.00 to $72.00 in a research note on Wednesday, January 12th. StockNews.com upgraded shares of TravelCenters of America from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 13th. Finally, B. Riley lowered their price objective on shares of TravelCenters of America from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, February 28th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $58.33.

TravelCenters of America Company Profile (Get Rating)

TravelCenters of America Inc operates travel centers, truck service facilities, and restaurants in the United States and Canada. The company's travel centers offer various products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as a range of truck repair and maintenance services, diesel exhaust fluids, 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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