Analysts Anticipate Travelport Worldwide Limited (TVPT) to Post $0.28 EPS
Brokerages forecast that Travelport Worldwide Limited (NYSE:TVPT) will announce earnings of $0.28 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Travelport Worldwide Limited’s earnings. The highest EPS estimate is $0.29 and the lowest is $0.27. Travelport Worldwide Limited reported earnings per share of $0.33 during the same quarter last year, which would suggest a negative year-over-year growth rate of 15.2%. The company is expected to issue its next quarterly earnings report before the market opens on Thursday, November 2nd.
According to Zacks, analysts expect that Travelport Worldwide Limited will report full-year earnings of $1.37 per share for the current year, with EPS estimates ranging from $1.36 to $1.40. For the next year, analysts anticipate that the business will report earnings of $1.51 per share, with EPS estimates ranging from $1.45 to $1.63. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Travelport Worldwide Limited.
Travelport Worldwide Limited (NYSE:TVPT) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.26. Travelport Worldwide Limited had a net margin of 4.42% and a negative return on equity of 50.52%. The company had revenue of $612.10 million for the quarter, compared to analysts’ expectations of $618.27 million. During the same quarter in the previous year, the firm posted $0.28 earnings per share. Travelport Worldwide Limited’s revenue for the quarter was up 1.0% on a year-over-year basis.
A number of equities research analysts have recently weighed in on TVPT shares. Cowen and Company reaffirmed an “outperform” rating and set a $16.00 target price on shares of Travelport Worldwide Limited in a research note on Wednesday, June 28th. BidaskClub cut shares of Travelport Worldwide Limited from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 4th. Zacks Investment Research raised shares of Travelport Worldwide Limited from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Thursday, August 10th. Finally, ValuEngine raised shares of Travelport Worldwide Limited from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Travelport Worldwide Limited currently has an average rating of “Hold” and an average price target of $15.38.
A number of institutional investors have recently added to or reduced their stakes in the stock. UBS Oconnor LLC raised its stake in shares of Travelport Worldwide Limited by 258.4% in the first quarter. UBS Oconnor LLC now owns 1,000,000 shares of the company’s stock valued at $11,770,000 after acquiring an additional 720,966 shares during the period. American Century Companies Inc. grew its holdings in shares of Travelport Worldwide Limited by 22.0% in the second quarter. American Century Companies Inc. now owns 638,535 shares of the company’s stock worth $8,786,000 after purchasing an additional 115,230 shares during the last quarter. Airain ltd grew its holdings in shares of Travelport Worldwide Limited by 964.1% in the second quarter. Airain ltd now owns 120,089 shares of the company’s stock worth $1,652,000 after purchasing an additional 108,804 shares during the last quarter. ETRADE Capital Management LLC grew its holdings in shares of Travelport Worldwide Limited by 3.9% in the second quarter. ETRADE Capital Management LLC now owns 21,592 shares of the company’s stock worth $297,000 after purchasing an additional 811 shares during the last quarter. Finally, Dupont Capital Management Corp bought a new position in shares of Travelport Worldwide Limited in the second quarter worth about $314,000. 92.35% of the stock is currently owned by institutional investors.
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Travelport Worldwide Limited (NYSE:TVPT) traded down 0.06% during trading on Tuesday, reaching $15.71. 560,150 shares of the company traded hands. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 18.79 and a beta of 0.61. The firm’s 50 day moving average price is $15.45 and its 200 day moving average price is $14.04. Travelport Worldwide Limited has a 12-month low of $11.38 and a 12-month high of $15.94.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 21st. Stockholders of record on Thursday, September 7th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Wednesday, September 6th. Travelport Worldwide Limited’s dividend payout ratio (DPR) is presently 35.29%.
Travelport Worldwide Limited Company Profile
Travelport Worldwide Limited provides a travel commerce platform, which offers distribution, technology, payment, mobile and other solutions for the travel and tourism industry. The Company connects travel providers, such as airlines and hotel chains with online and offline travel agencies and other travel buyers in its business-to-business (B2B) travel commerce platform (its Travel Commerce Platform).
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