TravelCenters of America (TA) Reports Q4 Loss of $0.04
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FBR Capital Cuts Price Target on TravelCenters of America (TA) Following a Weak 4Q
March 15, 2016 6:55 AM EDTFBR Capital maintained an Outperform rating on TravelCenters of America (NYSE: TA), and cut the price target to $15.00 (from $17.00), following the company's 4Q earnings report. Adjusted EBITDA came in at $21.2M, versus consensus of $26.0M. EPS was reported at ($0.04), missing consensus estimates of $0.05. The unexpected weakness came from non-fuel margins. Total non-fuel revenue increased 13.8% YOY; consumers continue to redeploy savings at the pump in... More
