Analysts expect Travelport Worldwide Ltd (NYSE:TVPT) to announce $0.28 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Travelport Worldwide’s earnings, with estimates ranging from $0.24 to $0.30. Travelport Worldwide reported earnings of $0.18 per share during the same quarter last year, which would indicate a positive year over year growth rate of 55.6%. The firm is expected to issue its next earnings results on Thursday, November 1st.

On average, analysts expect that Travelport Worldwide will report full-year earnings of $1.43 per share for the current year, with EPS estimates ranging from $1.40 to $1.50. For the next fiscal year, analysts forecast that the company will post earnings of $1.56 per share, with EPS estimates ranging from $1.52 to $1.60. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Travelport Worldwide.

Travelport Worldwide (NYSE:TVPT) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.11. The firm had revenue of $662.01 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 EPS.

TVPT has been the subject of several recent research reports. Cowen set a $23.00 target price on shares of Travelport Worldwide and gave the company a “buy” rating in a research report on Thursday, August 2nd. Deutsche Bank upped their target price on shares of Travelport Worldwide from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, June 25th. Morgan Stanley upped their target price on shares of Travelport Worldwide from $18.00 to $21.00 and gave the company an “equal weight” rating in a research report on Friday, August 3rd. Imperial Capital upped their target price on shares of Travelport Worldwide from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Friday, August 3rd. Finally, Zacks Investment Research cut shares of Travelport Worldwide from a “hold” rating to a “sell” rating in a research report on Thursday, August 9th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $21.80.

Shares of Travelport Worldwide stock traded down $0.01 on Thursday, hitting $17.75. 1,275,264 shares of the company’s stock traded hands, compared to its average volume of 998,322. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 35.22 and a beta of 0.24. Travelport Worldwide has a one year low of $12.10 and a one year high of $20.30. The company has a debt-to-equity ratio of -16.95, a quick ratio of 0.81 and a current ratio of 0.81.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 20th. Stockholders of record on Thursday, September 6th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Wednesday, September 5th. Travelport Worldwide’s dividend payout ratio (DPR) is 31.91%.

In other news, insider Matthew Minetola sold 20,000 shares of the business’s stock in a transaction on Monday, July 9th. The shares were sold at an average price of $20.02, for a total value of $400,400.00. Following the completion of the transaction, the insider now owns 53,402 shares of the company’s stock, valued at approximately $1,069,108.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.32% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in the company. Trilogy Capital Inc. acquired a new position in Travelport Worldwide in the 2nd quarter worth $237,000. Moneta Group Investment Advisors LLC acquired a new position in Travelport Worldwide in the 2nd quarter worth $168,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in Travelport Worldwide by 228.8% in the 2nd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 237,100 shares of the company’s stock worth $4,396,000 after purchasing an additional 165,000 shares during the period. Sensato Investors LLC acquired a new position in Travelport Worldwide in the 2nd quarter worth $997,000. Finally, Cubist Systematic Strategies LLC boosted its stake in Travelport Worldwide by 635.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 31,192 shares of the company’s stock worth $578,000 after purchasing an additional 26,949 shares during the period. 93.30% of the stock is owned by institutional investors.

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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