Equities analysts forecast that Travelport Worldwide Ltd (NYSE:TVPT) will announce $0.28 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Travelport Worldwide’s earnings. The lowest EPS estimate is $0.24 and the highest is $0.30. Travelport Worldwide posted earnings per share of $0.18 in the same quarter last year, which indicates a positive year-over-year growth rate of 55.6%. The company is expected to announce its next earnings report before the market opens on Thursday, November 1st.

On average, analysts expect that Travelport Worldwide will report full year earnings of $1.41 per share for the current year, with EPS estimates ranging from $1.40 to $1.42. For the next fiscal year, analysts expect that the firm will report earnings of $1.56 per share, with EPS estimates ranging from $1.52 to $1.60. Zacks’ EPS calculations 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, August 2nd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.11. The business had revenue of $662.01 million during the quarter, compared to analyst estimates of $638.77 million. Travelport Worldwide had a net margin of 4.61% and a negative return on equity of 36.75%. Travelport Worldwide’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business earned $0.40 EPS.

TVPT has been the subject of a number of research analyst reports. Bank of America lowered shares of Travelport Worldwide from a “neutral” rating to an “underperform” rating in a research note on Friday, August 3rd. Morgan Stanley lifted their price target on shares of Travelport Worldwide from $18.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Friday, August 3rd. Imperial Capital lifted their price target on shares of Travelport Worldwide from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, August 3rd. Zacks Investment Research lowered shares of Travelport Worldwide from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. Finally, Cowen set a $23.00 price target on shares of Travelport Worldwide and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $21.80.

Shares of TVPT stock remained flat at $$15.34 during trading hours on Wednesday. 820,100 shares of the stock were exchanged, compared to its average volume of 1,504,362. Travelport Worldwide has a 52-week low of $12.10 and a 52-week high of $20.30. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 16.32 and a beta of 0.25. The company has a debt-to-equity ratio of -16.95, a current ratio of 0.81 and a quick ratio of 0.81.

In related news, insider Matthew Minetola sold 2,508 shares of the firm’s stock in a transaction that occurred on Tuesday, October 16th. The shares were sold at an average price of $15.50, for a total value of $38,874.00. Following the transaction, the insider now owns 37,004 shares of the company’s stock, valued at $573,562. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.32% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of TVPT. Principal Financial Group Inc. boosted its holdings in shares of Travelport Worldwide by 14.2% in the first quarter. Principal Financial Group Inc. now owns 9,520,961 shares of the company’s stock worth $155,572,000 after buying an additional 1,182,970 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Travelport Worldwide by 315.5% in the second quarter. LSV Asset Management now owns 1,553,718 shares of the company’s stock worth $28,805,000 after buying an additional 1,179,818 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Travelport Worldwide by 6.9% in the second quarter. BlackRock Inc. now owns 17,315,003 shares of the company’s stock worth $321,019,000 after buying an additional 1,119,416 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new position in shares of Travelport Worldwide in the second quarter worth approximately $16,243,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Travelport Worldwide in the first quarter worth approximately $8,683,000. 92.27% of the stock is currently owned by institutional investors.

About Travelport Worldwide

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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