Wall Street analysts expect Travelport Worldwide Ltd (NYSE:TVPT) to announce $579.85 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Travelport Worldwide’s earnings, with estimates ranging from $576.06 million to $584.00 million. Travelport Worldwide posted sales of $573.57 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.1%. The firm is expected to issue its next quarterly earnings results on Tuesday, February 19th.

According to Zacks, analysts expect that Travelport Worldwide will report full year sales of $2.54 billion for the current financial year, with estimates ranging from $2.54 billion to $2.55 billion. For the next financial year, analysts expect that the business will post sales of $2.64 billion, with estimates ranging from $2.62 billion to $2.67 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Travelport Worldwide.

Travelport Worldwide (NYSE:TVPT) last posted its earnings results on Thursday, November 1st. The company reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.43. The business had revenue of $622.60 million for the quarter, compared to analyst estimates of $634.46 million. Travelport Worldwide had a net margin of 4.60% and a negative return on equity of 43.41%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.18 EPS.

Several equities analysts recently weighed in on TVPT shares. Imperial Capital lifted their target price on shares of Travelport Worldwide from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, August 3rd. Morgan Stanley lifted their target price on shares of Travelport Worldwide from $18.00 to $21.00 and gave the company an “equal weight” rating in a report on Friday, August 3rd. Cowen set a $23.00 target price on shares of Travelport Worldwide and gave the company a “buy” rating in a report on Thursday, August 2nd. Bank of America lowered shares of Travelport Worldwide from a “neutral” rating to an “underperform” rating in a report on Friday, August 3rd. Finally, Zacks Investment Research lowered shares of Travelport Worldwide from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $19.80.

Shares of NYSE:TVPT traded down $0.23 during midday trading on Tuesday, hitting $14.55. 1,564,300 shares of the company’s stock traded hands, compared to its average volume of 1,517,442. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 15.52 and a beta of 0.42. Travelport Worldwide has a twelve month low of $12.10 and a twelve month high of $20.30.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, December 6th will be issued a $0.075 dividend. The ex-dividend date is Wednesday, December 5th. This represents a $0.30 dividend on an annualized basis and a yield of 2.06%. Travelport Worldwide’s dividend payout ratio is currently 31.91%.

In other Travelport Worldwide news, insider Matthew Minetola sold 2,508 shares of the business’s stock in a transaction 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 in the company, valued at approximately $573,562. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.32% of the company’s stock.

A number of hedge funds have recently modified their holdings of TVPT. Flinton Capital Management LLC increased its position in shares of Travelport Worldwide by 48.6% in the 2nd quarter. Flinton Capital Management LLC now owns 9,200 shares of the company’s stock worth $171,000 after purchasing an additional 3,008 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Travelport Worldwide by 13.0% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,129 shares of the company’s stock worth $508,000 after purchasing an additional 3,469 shares during the last quarter. Stevens Capital Management LP increased its position in shares of Travelport Worldwide by 34.8% in the 2nd quarter. Stevens Capital Management LP now owns 15,112 shares of the company’s stock worth $280,000 after purchasing an additional 3,901 shares during the last quarter. Tocqueville Asset Management L.P. increased its position in shares of Travelport Worldwide by 26.3% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 18,923 shares of the company’s stock worth $351,000 after purchasing an additional 3,946 shares during the last quarter. Finally, Meadow Creek Investment Management LLC increased its position in shares of Travelport Worldwide by 48.6% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 12,650 shares of the company’s stock worth $235,000 after purchasing an additional 4,136 shares during the last quarter. Hedge funds and other institutional investors own 93.23% of the company’s stock.

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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