Analysts Anticipate Travelport Worldwide Limited (TVPT) to Post $0.28 EPS
Brokerages expect Travelport Worldwide Limited (NYSE:TVPT) to announce earnings per share of $0.28 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Travelport Worldwide Limited’s earnings, with the highest EPS estimate coming in at $0.29 and the lowest estimate coming in at $0.27. Travelport Worldwide Limited reported earnings of $0.33 per share in the same quarter last year, which would suggest a negative year over year growth rate of 15.2%. The company is scheduled to issue its next earnings report on Thursday, November 2nd.
On average, analysts expect that Travelport Worldwide Limited will report full-year earnings of $1.37 per share for the current fiscal year, with EPS estimates ranging from $1.35 to $1.40. For the next fiscal year, analysts anticipate that the business will post earnings of $1.53 per share, with EPS estimates ranging from $1.46 to $1.63. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Travelport Worldwide Limited.
Travelport Worldwide Limited (NYSE:TVPT) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $612.10 million for the quarter, compared to analyst estimates of $618.27 million. During the same quarter in the previous year, the firm posted $0.28 EPS. The business’s revenue for the quarter was up 1.0% on a year-over-year basis.
Several research firms recently commented on TVPT. Zacks Investment Research upgraded shares of Travelport Worldwide Limited from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Thursday, August 10th. BidaskClub upgraded shares of Travelport Worldwide Limited from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 15th. Cowen and Company reiterated an “outperform” rating and issued a $16.00 price objective on shares of Travelport Worldwide Limited in a research note on Wednesday, June 28th. Finally, ValuEngine raised shares of Travelport Worldwide Limited from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Travelport Worldwide Limited currently has a consensus rating of “Buy” and an average price target of $15.38.
Several large investors have recently added to or reduced their stakes in the company. Koch Industries Inc. bought a new stake in shares of Travelport Worldwide Limited during the 2nd quarter valued at $548,000. Ameritas Investment Partners Inc. grew its holdings in shares of Travelport Worldwide Limited by 9.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,900 shares of the company’s stock worth $150,000 after purchasing an additional 918 shares in the last quarter. Susquehanna International Group LLP grew its holdings in shares of Travelport Worldwide Limited by 70.0% during the 2nd quarter. Susquehanna International Group LLP now owns 169,972 shares of the company’s stock worth $2,339,000 after purchasing an additional 69,965 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Travelport Worldwide Limited by 8.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 92,110 shares of the company’s stock worth $1,267,000 after purchasing an additional 7,135 shares in the last quarter. Finally, State Street Corp increased its position in shares of Travelport Worldwide Limited by 6.8% in the second quarter. State Street Corp now owns 2,584,749 shares of the company’s stock worth $35,569,000 after purchasing an additional 164,011 shares during the period. Hedge funds and other institutional investors own 92.35% of the company’s stock.
Shares of Travelport Worldwide Limited (NYSE:TVPT) traded down 0.32% during trading on Thursday, hitting $15.77. 988,748 shares of the stock were exchanged. The firm’s 50-day moving average is $15.15 and its 200 day moving average is $13.82. The company has a market cap of $1.96 billion, a P/E ratio of 18.86 and a beta of 0.61. Travelport Worldwide Limited has a 1-year low of $11.38 and a 1-year high of $15.93.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Thursday, September 7th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, September 6th. This represents a $0.30 dividend on an annualized basis and a yield of 1.90%. Travelport Worldwide Limited’s dividend payout ratio (DPR) is presently 35.29%.
About Travelport Worldwide Limited
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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