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TA

TravelCenters

$4.40

-0.1 (-2.22%)

07:03
08/06/18
08/06
07:03
08/06/18
07:03

TravelCenters reports Q2 adjusted EPS 5c, consensus 29c

Reports Q2 revenue $1.84B, consensus $1.86B. Andrew J. Rebholz, TA's CEO, said: "During the 2018 second quarter, we continued to produce positive results from the growth and cost savings initiatives we have been pursuing. In our travel centers segment, each of nonfuel revenues and nonfuel gross margin grew at 5.5% and 6.7%, respectively, as compared to the 2017 second quarter, reflecting the continued growth in our commercial tire dealer, RoadSquad OnSite(R) mobile maintenance, and RoadSquad(R) roadside assistance and call center programs. On a same site basis, our consolidated site level gross margin in excess of site level operating expenses improved over the prior year quarter by 6.8%, reflecting our success in our truck service growth initiatives, the changes we are making in our restaurants and other initiatives to increase revenues and control costs. In addition, we are pleased to announce that we have commenced plans to more aggressively grow our travel center network, including by acquisition, development and franchising and also through the introduction of our newly developed smaller format TA Express concept that will be rolled out in the coming months. We are also pleased to announce that in July we began implementing our convenience store loyalty program and expect to have that program, named GoGo Rewards, fully implemented during the third quarter. We also recognized a $51.5M charge during the second quarter to impair goodwill in our convenience stores segment. Despite this impairment charge, we expect that our convenience stores' operating results will improve in the second half of 2018."

  • 06

    Aug

TA TravelCenters
$4.40

-0.1 (-2.22%)

10/11/17
SBSH
10/11/17
DOWNGRADE
Target $4.5
SBSH
Sell
TravelCenters downgraded to Sell from Buy at Citi
Citi analyst Alvin Concepcion double downgraded TravelCenters (TA) to Sell from Buy saying the 62% rally over the past month provides an opportunity to take profits. Near-term trends may be challenging and the positive stock catalyst of a favorable FleetCor (FLT) litigation ruling has already occurred, Concepcion tells investors in a research note. He keeps a $4.50 price target for the shares.
12/08/17
SBSH
12/08/17
UPGRADE
Target $4.5
SBSH
Neutral
TravelCenters upgraded to Neutral from Sell at Citi
Citi analyst Alvin Concepcion upgraded TravelCenters to Neutral citing valuation with the shares down 18% since early October. The analyst continues to remain uncertain about near-term trends, however, and keeps a $4.50 price target for the shares.
12/08/17
12/08/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Ingersoll-Rand (IR) upgraded to Buy from Neutral at Goldman Sachs with analyst Joseph Ritchie saying the stock is his favorite value idea for 2018. 2. Boston Scientific (BSX) upgraded to Strong Buy from Buy at Needham analyst Mike Matson citing the company's strong product cycle potential to outperform its peers, runway for more margin expansion, conservative consensus views for fiscal 2018, and potential for even more significant upside from the Lotus Edge program being revived. 3. TravelCenters (TA) upgraded to Neutral from Sell at Citi with analyst Alvin Concepcion citing valuation with the shares down 18% since early October. 4. Vantiv (VNTV) upgraded to Buy from Neutral at Buckingham with analyst Christopher Brendler citing reduced expectations following the third quarter results. 5. Perrigo (PRGO) upgraded to Buy from Hold at Argus with analyst Jasper Hellweg citing reflecting improving results, a promising pipeline, efforts to pay down debt, and valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/16/18
CHLM
07/16/18
INITIATION
Target $6.5
CHLM
Buy
TravelCenters reinitiated with a Buy at Craig-Hallum
Craig-Hallum analyst Steve Dyer reinitiated TravelCenters with a Buy rating and $6.50 as he believes cheap asset and upcoming decision on c-stores could unlock meaningful shareholder value.

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