Travelport Worldwide Limited (TVPT) Posts Earnings Results, Beats Estimates By $0.08 EPS
Travelport Worldwide Limited (NYSE:TVPT) announced its quarterly earnings results on Thursday. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.08, Bloomberg Earnings reports. The company had revenue of $610.84 million for the quarter, compared to analysts’ expectations of $611.03 million. Travelport Worldwide Limited had a net margin of 4.42% and a negative return on equity of 50.52%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the firm posted $0.33 earnings per share.
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A number of equities analysts have recently weighed in on the stock. ValuEngine raised shares of Travelport Worldwide Limited from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub cut shares of Travelport Worldwide Limited from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Cowen and Company set a $16.00 price target on shares of Travelport Worldwide Limited and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research cut shares of Travelport Worldwide Limited from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Travelport Worldwide Limited presently has an average rating of “Hold” and a consensus price target of $15.88.
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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