Equities analysts expect Travelport Worldwide Ltd (NYSE:TVPT) to report $628.66 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Travelport Worldwide’s earnings. The highest sales estimate is $634.30 million and the lowest is $618.00 million. Travelport Worldwide posted sales of $610.84 million in the same quarter last year, which suggests a positive year over year growth rate of 2.9%. The business is scheduled to issue its next quarterly earnings report before the market opens on Thursday, November 1st.
According to Zacks, analysts expect that Travelport Worldwide will report full year sales of $2.57 billion for the current fiscal year, with estimates ranging from $2.55 billion to $2.58 billion. For the next fiscal year, analysts expect that the business will report sales of $2.68 billion, with estimates ranging from $2.66 billion to $2.70 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Travelport Worldwide.
Travelport Worldwide (NYSE:TVPT) last announced its earnings results on Thursday, August 2nd. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.11. The business had revenue of $662.01 million for the quarter, compared to analyst estimates of $638.77 million. Travelport Worldwide had a negative return on equity of 36.75% and a net margin of 4.61%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.40 EPS.
A number of brokerages have weighed in on TVPT. Imperial Capital upped their target price on Travelport Worldwide from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, August 3rd. Morgan Stanley increased their price objective on Travelport Worldwide from $18.00 to $21.00 and gave the company an “equal weight” rating in a research report on Friday, August 3rd. Cowen set a $23.00 price objective on Travelport Worldwide and gave the company a “buy” rating in a research report on Thursday, August 2nd. Zacks Investment Research lowered Travelport Worldwide from a “hold” rating to a “sell” rating in a research report on Thursday, August 9th. Finally, Deutsche Bank increased their price objective on Travelport Worldwide from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, June 25th. Four analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Travelport Worldwide has an average rating of “Hold” and an average target price of $21.80.
Shares of NYSE TVPT opened at $15.32 on Friday. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 16.56 and a beta of 0.25. The company has a debt-to-equity ratio of -16.95, a quick ratio of 0.81 and a current ratio of 0.81. Travelport Worldwide has a twelve month low of $12.10 and a twelve month high of $20.30.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 20th. Stockholders of record on Thursday, September 6th were given a dividend of $0.075 per share. The ex-dividend date was Wednesday, September 5th. This represents a $0.30 annualized dividend and a dividend yield of 1.96%. Travelport Worldwide’s dividend payout ratio (DPR) is presently 31.91%.
In other news, insider Matthew Minetola sold 2,508 shares of the stock in a transaction dated Tuesday, October 16th. The stock was sold at an average price of $15.50, for a total transaction of $38,874.00. Following the transaction, the insider now directly owns 37,004 shares in the company, valued at approximately $573,562. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.32% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Fort L.P. purchased a new stake in Travelport Worldwide during the 2nd quarter valued at about $122,000. Itau Unibanco Holding S.A. purchased a new stake in Travelport Worldwide during the 2nd quarter valued at about $129,000. Moneta Group Investment Advisors LLC purchased a new stake in Travelport Worldwide during the 2nd quarter valued at about $168,000. Laurel Wealth Advisors Inc. purchased a new stake in Travelport Worldwide during the 1st quarter valued at about $171,000. Finally, Flinton Capital Management LLC boosted its holdings in Travelport Worldwide by 48.6% during the 2nd quarter. Flinton Capital Management LLC now owns 9,200 shares of the company’s stock valued at $171,000 after acquiring an additional 3,008 shares during the period. Institutional investors own 92.16% of the company’s stock.
Travelport Worldwide Company Profile
Travelport Worldwide Limited, together with its subsidiaries, operates a travel commerce platform that offers distribution, technology, payment, and other solutions for the travel and tourism industry in the United States, the United Kingdom, and internationally. It facilitates travel commerce by connecting travel providers with online and offline travel buyers in a business-to-business travel platform.
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