Travelport Worldwide Ltd (NYSE:TVPT) announced a quarterly dividend on Friday, February 16th, Zacks reports. Stockholders of record on Thursday, March 1st will be paid a dividend of 0.075 per share on Thursday, March 15th. This represents a $0.30 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Wednesday, February 28th.
Shares of Travelport Worldwide (TVPT) traded down $0.10 on Friday, hitting $13.66. 247,919 shares of the stock traded hands, compared to its average volume of 2,677,899. The firm has a market capitalization of $1,716.92, a PE ratio of 11.99, a PEG ratio of 4.14 and a beta of 0.52. Travelport Worldwide has a 1-year low of $11.38 and a 1-year high of $16.17. The company has a debt-to-equity ratio of -11.26, a current ratio of 0.68 and a quick ratio of 0.81.
Travelport Worldwide (NYSE:TVPT) last issued its earnings results on Tuesday, February 20th. The company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.34. The firm had revenue of $573.57 million for the quarter, compared to analysts’ expectations of $566.92 million. Travelport Worldwide had a net margin of 5.82% and a negative return on equity of 49.43%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 earnings per share. equities research analysts forecast that Travelport Worldwide will post 0.79 EPS for the current year.
Several brokerages recently weighed in on TVPT. Zacks Investment Research cut shares of Travelport Worldwide from a “hold” rating to a “sell” rating in a report on Friday. UBS Group reaffirmed a “neutral” rating and issued a $15.00 target price (up previously from $14.00) on shares of Travelport Worldwide in a report on Wednesday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $14.50 target price (down previously from $15.00) on shares of Travelport Worldwide in a report on Wednesday. Cowen set a $19.00 target price on shares of Travelport Worldwide and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, ValuEngine cut shares of Travelport Worldwide from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $16.13.
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Travelport Worldwide 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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