Zacks: Analysts Anticipate Travelport Worldwide Ltd (TVPT) Will Announce Quarterly Sales of $660.25 Million
Equities analysts predict that Travelport Worldwide Ltd (NYSE:TVPT) will announce $660.25 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Travelport Worldwide’s earnings, with estimates ranging from $655.99 million to $664.50 million. Travelport Worldwide posted sales of $650.76 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.5%. The firm is expected to report its next quarterly earnings report on Tuesday, May 8th.
On average, analysts expect that Travelport Worldwide will report full year sales of $660.25 million for the current financial year, with estimates ranging from $2.55 billion to $2.56 billion. For the next year, analysts expect that the business will report sales of $2.66 billion per share, with estimates ranging from $2.61 billion to $2.69 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Travelport Worldwide.
Travelport Worldwide (NYSE:TVPT) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.34. The company had revenue of $573.57 million for the quarter, compared to analyst estimates 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 for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 EPS.
Shares of Travelport Worldwide (NYSE TVPT) traded down $0.09 during mid-day trading on Tuesday, reaching $13.67. 1,674,890 shares of the company’s stock were exchanged, compared to its average volume of 2,720,554. The company has a debt-to-equity ratio of -11.26, a current ratio of 0.68 and a quick ratio of 0.81. The company has a market cap of $1,716.92, a P/E ratio of 11.95, a P/E/G ratio of 4.14 and a beta of 0.52. Travelport Worldwide has a twelve month low of $11.38 and a twelve month high of $16.17.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a $0.075 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.30 dividend on an annualized basis and a yield of 2.19%. Travelport Worldwide’s dividend payout ratio is currently 26.32%.
In other Travelport Worldwide news, insider Matthew Minetola sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $12.86, for a total value of $154,320.00. Following the completion of the sale, the insider now directly owns 33,402 shares in the company, valued at $429,549.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.19% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its holdings in shares of Travelport Worldwide by 70.7% in the third quarter. JPMorgan Chase & Co. now owns 4,363,322 shares of the company’s stock worth $68,286,000 after buying an additional 1,806,531 shares during the last quarter. Goldentree Asset Management LP purchased a new position in shares of Travelport Worldwide in the fourth quarter worth $16,104,000. Millennium Management LLC raised its holdings in shares of Travelport Worldwide by 107.7% in the fourth quarter. Millennium Management LLC now owns 2,253,533 shares of the company’s stock worth $29,454,000 after buying an additional 1,168,411 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Travelport Worldwide by 46.7% in the fourth quarter. Renaissance Technologies LLC now owns 2,588,300 shares of the company’s stock worth $33,829,000 after buying an additional 824,200 shares during the last quarter. Finally, Hillcrest Asset Management LLC purchased a new position in shares of Travelport Worldwide in the fourth quarter worth $10,404,000. Institutional investors own 89.22% of the company’s stock.
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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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