Travelport Worldwide Ltd (TVPT) Expected to Post Quarterly Sales of $579.85 Million

Brokerages forecast that Travelport Worldwide Ltd (NYSE:TVPT) will announce $579.85 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Travelport Worldwide’s earnings. The highest sales estimate is $584.00 million and the lowest is $576.06 million. Travelport Worldwide reported sales of $573.57 million during the same quarter last year, which indicates a positive year over year growth rate of 1.1%. The firm is expected to announce its next earnings report 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 forecast that the business will post sales of $2.64 billion, with estimates ranging from $2.62 billion to $2.67 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Travelport Worldwide.

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

A number of research firms recently issued reports on TVPT. Zacks Investment Research lowered Travelport Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, November 8th. ValuEngine downgraded Travelport Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Cowen set a $23.00 target price on Travelport Worldwide and gave the company a “buy” rating in a research note on Thursday, August 2nd. Morgan Stanley set a $16.00 target price on Travelport Worldwide and gave the company a “hold” rating in a research note on Friday, November 2nd. Finally, Imperial Capital lifted their target price on Travelport Worldwide from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, August 3rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.80.

In related news, insider Matthew Minetola sold 2,508 shares of Travelport Worldwide stock in a transaction on Tuesday, October 16th. The stock was sold at an average price of $15.50, for a total value of $38,874.00. Following the transaction, the insider now directly owns 37,004 shares in the company, valued at approximately $573,562. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.32% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of TVPT. Principal Financial Group Inc. lifted its position in shares of Travelport Worldwide by 14.2% in the first quarter. Principal Financial Group Inc. now owns 9,520,961 shares of the company’s stock worth $155,572,000 after buying an additional 1,182,970 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of Travelport Worldwide in the second quarter worth about $3,289,000. Amalgamated Bank acquired a new stake in shares of Travelport Worldwide in the second quarter worth about $347,000. James Investment Research Inc. acquired a new stake in shares of Travelport Worldwide in the second quarter worth about $280,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of Travelport Worldwide in the second quarter worth about $5,500,000. Institutional investors and hedge funds own 93.59% of the company’s stock.

NYSE:TVPT traded down $0.20 during midday trading on Tuesday, reaching $14.00. 871,600 shares of the company traded hands, compared to its average volume of 1,511,589. Travelport Worldwide has a twelve month low of $12.10 and a twelve month high of $20.30. The firm has a market capitalization of $1.84 billion, a P/E ratio of 14.89 and a beta of 0.42.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Thursday, December 6th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Wednesday, December 5th. Travelport Worldwide’s payout ratio is 31.91%.

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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