Equities analysts expect Travelport Worldwide Ltd (NYSE:TVPT) to announce $579.85 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Travelport Worldwide’s earnings, with the lowest sales estimate coming in at $576.06 million and the highest estimate coming in at $584.00 million. Travelport Worldwide posted sales of $573.57 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.1%. The business is expected to issue its next earnings report on Tuesday, February 19th.
On average, analysts expect that Travelport Worldwide will report full year sales of $2.54 billion for the current financial year, with estimates ranging from $2.54 billion to $2.55 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.64 billion, with estimates ranging from $2.62 billion to $2.67 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Travelport Worldwide.
Travelport Worldwide (NYSE:TVPT) last released its quarterly earnings data on Thursday, November 1st. The company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.43. Travelport Worldwide had a net margin of 4.60% and a negative return on equity of 43.41%. The business had revenue of $622.60 million for the quarter, compared to analysts’ expectations of $634.46 million. During the same quarter last year, the company earned $0.18 EPS. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year.
A number of equities analysts recently issued reports on TVPT shares. Morgan Stanley set a $16.00 target price on shares of Travelport Worldwide and gave the company a “hold” rating in a research report on Friday, November 2nd. ValuEngine lowered shares of Travelport Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Zacks Investment Research lowered shares of Travelport Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, November 8th. Finally, Imperial Capital restated an “outperform” rating and set a $20.00 price objective (down previously from $25.00) on shares of Travelport Worldwide in a research report on Friday, November 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Travelport Worldwide currently has a consensus rating of “Hold” and a consensus price target of $19.80.
Shares of TVPT opened at $14.95 on Thursday. The stock has a market capitalization of $1.93 billion, a P/E ratio of 15.90 and a beta of 0.43. Travelport Worldwide has a 52-week low of $12.10 and a 52-week high of $20.30.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Thursday, December 6th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, December 5th. This represents a $0.30 annualized dividend and a dividend yield of 2.01%. Travelport Worldwide’s dividend payout ratio (DPR) is 31.91%.
In other Travelport Worldwide news, insider Matthew Minetola sold 2,508 shares of the firm’s stock in a transaction dated Tuesday, October 16th. The shares were sold at an average price of $15.50, for a total value of $38,874.00. Following the completion of the transaction, the insider now directly owns 37,004 shares in the company, valued at $573,562. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.32% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Fort L.P. acquired a new position in shares of Travelport Worldwide in the second quarter worth about $122,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Travelport Worldwide in the second quarter worth approximately $129,000. Moneta Group Investment Advisors LLC purchased a new stake in shares of Travelport Worldwide in the second quarter worth approximately $168,000. Flinton Capital Management LLC lifted its position in shares of Travelport Worldwide by 48.6% in the second quarter. Flinton Capital Management LLC now owns 9,200 shares of the company’s stock worth $171,000 after purchasing an additional 3,008 shares in the last quarter. Finally, Howe & Rusling Inc. lifted its position in shares of Travelport Worldwide by 141.6% in the third quarter. Howe & Rusling Inc. now owns 10,797 shares of the company’s stock worth $182,000 after purchasing an additional 6,328 shares in the last quarter. Institutional investors own 94.09% 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.
Further Reading: Institutional Investors
Get a free copy of the Zacks research report on Travelport Worldwide (TVPT)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Travelport Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelport Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.