Analysts Anticipate Travelport Worldwide Ltd (TVPT) to Post $0.24 EPS

Wall Street brokerages forecast that Travelport Worldwide Ltd (NYSE:TVPT) will announce $0.24 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Travelport Worldwide’s earnings. The highest EPS estimate is $0.28 and the lowest is $0.20. Travelport Worldwide posted earnings per share of $0.35 during the same quarter last year, which suggests a negative year over year growth rate of 31.4%. The company is expected to issue its next quarterly earnings report on Tuesday, February 19th.

According to Zacks, analysts expect that Travelport Worldwide will report full-year earnings of $1.36 per share for the current financial year, with EPS estimates ranging from $1.33 to $1.40. For the next year, analysts anticipate that the business will post earnings of $1.49 per share, with EPS estimates ranging from $1.45 to $1.54. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Travelport Worldwide.

Travelport Worldwide (NYSE:TVPT) last announced its earnings results on Thursday, November 1st. The company reported $0.31 EPS for the quarter, topping 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 company had revenue of $622.60 million for the quarter, compared to analysts’ expectations of $634.46 million. During the same period last year, the firm earned $0.18 EPS. Travelport Worldwide’s revenue for the quarter was up 1.9% compared to the same quarter last year.

A number of equities analysts recently commented on TVPT shares. Imperial Capital reaffirmed an “outperform” rating and issued a $20.00 target price (down from $25.00) on shares of Travelport Worldwide in a report on Friday, November 2nd. Zacks Investment Research cut Travelport Worldwide from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. Morgan Stanley set a $16.00 target price on Travelport Worldwide and gave the stock a “hold” rating in a report on Friday, November 2nd. Finally, ValuEngine lowered Travelport Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Two equities research 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 an average rating of “Hold” and a consensus target price of $19.80.

Shares of Travelport Worldwide stock opened at $15.02 on Tuesday. Travelport Worldwide has a one year low of $12.10 and a one year high of $20.30. The firm has a market capitalization of $1.93 billion, a P/E ratio of 15.98 and a beta of 0.43.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, December 6th will be paid 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 2.00%. Travelport Worldwide’s payout ratio is presently 31.91%.

In other Travelport Worldwide news, insider Matthew Minetola sold 2,508 shares of the 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 completion of the sale, 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 available at this link. Corporate insiders own 1.32% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Flinton Capital Management LLC grew its position in shares of Travelport Worldwide by 48.6% during the second quarter. Flinton Capital Management LLC now owns 9,200 shares of the company’s stock valued at $171,000 after purchasing an additional 3,008 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Travelport Worldwide by 13.0% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,129 shares of the company’s stock valued at $508,000 after purchasing an additional 3,469 shares in the last quarter. Stevens Capital Management LP grew its position in shares of Travelport Worldwide by 34.8% during the second quarter. Stevens Capital Management LP now owns 15,112 shares of the company’s stock valued at $280,000 after purchasing an additional 3,901 shares in the last quarter. Tocqueville Asset Management L.P. grew its position in shares of Travelport Worldwide by 26.3% during the second quarter. Tocqueville Asset Management L.P. now owns 18,923 shares of the company’s stock valued at $351,000 after purchasing an additional 3,946 shares in the last quarter. Finally, Meadow Creek Investment Management LLC grew its position in shares of Travelport Worldwide by 48.6% during the second quarter. Meadow Creek Investment Management LLC now owns 12,650 shares of the company’s stock valued at $235,000 after purchasing an additional 4,136 shares in the last quarter. Institutional investors and hedge funds own 94.09% 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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