Latest Stocks: TravelCenters of America LLC (TA) Expected to Announce Quarterly Sales of $1.55 Billion

Latest Stocks: TravelCenters of America LLC (TA) Expected to Announce Quarterly Sales of $1.55 Billion

Wall Street brokerages predict that TravelCenters of America LLC (NYSE:TA) will post sales of $1.55 billion for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for TravelCenters of America’s earnings, with estimates ranging from $1.52 billion to $1.57 billion. TravelCenters of America reported sales of $1.45 billion during the same quarter last year, which suggests a positive year over year growth rate of 6.9%. The company is expected to issue its next earnings report on Monday, August 14th.

On average, analysts expect that TravelCenters of America will report full-year sales of $1.55 billion for the current financial year, with estimates ranging from $5.97 billion to $6.2 billion. For the next financial year, analysts forecast that the firm will post sales of $6.46 billion per share, with estimates ranging from $6.25 billion to $6.68 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for TravelCenters of America.

TravelCenters of America (NYSE:TA) last issued its quarterly earnings data on Tuesday, May 9th. The specialty retailer reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by $0.01. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.47 billion. The firm’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period last year, the firm posted ($0.26) EPS. TA has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of TravelCenters of America from a “sell” rating to a “hold” rating in a research report on Wednesday, January 18th. FBR & Co restated a “buy” rating on shares of TravelCenters of America in a research report on Wednesday, March 1st. Finally, Citigroup Inc restated a “buy” rating and set a $5.50 price target (down previously from $7.50) on shares of TravelCenters of America in a research report on Monday.

Hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new stake in shares of TravelCenters of America during the fourth quarter valued at about $1,730,000. Two Sigma Investments LP boosted its stake in shares of TravelCenters of America by 83.8% in the fourth quarter. Two Sigma Investments LP now owns 208,649 shares of the specialty retailer’s stock valued at $1,481,000 after buying an additional 95,149 shares in the last quarter. Royce & Associates LP boosted its stake in shares of TravelCenters of America by 3.6% in the fourth quarter. Royce & Associates LP now owns 1,784,821 shares of the specialty retailer’s stock valued at $12,672,000 after buying an additional 61,999 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of TravelCenters of America by 8.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 68,139 shares of the specialty retailer’s stock valued at $484,000 after buying an additional 5,452 shares in the last quarter. Finally, New Jersey Better Educational Savings Trust boosted its stake 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 valued at $293,000 after buying an additional 12,000 shares in the last quarter. 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.

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