Wall Street analysts predict that Travelport Worldwide Ltd (NYSE:TVPT) will report $684.40 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Travelport Worldwide’s earnings, with the highest sales estimate coming in at $688.00 million and the lowest estimate coming in at $680.80 million. Travelport Worldwide posted sales of $677.84 million during the same quarter last year, which suggests a positive year over year growth rate of 1%. The firm is scheduled to announce its next quarterly earnings report on Thursday, May 2nd.
According to Zacks, analysts expect that Travelport Worldwide will report full year sales of $2.62 billion for the current financial year, with estimates ranging from $2.60 billion to $2.64 billion. For the next year, analysts expect that the company will post sales of $2.72 billion, with estimates ranging from $2.67 billion to $2.78 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Travelport Worldwide.
Travelport Worldwide (NYSE:TVPT) last released its quarterly earnings data on Friday, February 22nd. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.05. The firm had revenue of $588.60 million for the quarter, compared to analyst estimates of $580.47 million. Travelport Worldwide had a net margin of 2.85% and a negative return on equity of 33.12%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the firm earned $0.35 earnings per share.
Several brokerages have recently commented on TVPT. ValuEngine downgraded shares of Travelport Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, April 13th. Zacks Investment Research upgraded shares of Travelport Worldwide from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Tuesday, February 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $19.55.
Several hedge funds have recently made changes to their positions in TVPT. Bank of New York Mellon Corp raised its holdings in shares of Travelport Worldwide by 4.2% in the third quarter. Bank of New York Mellon Corp now owns 1,448,564 shares of the company’s stock valued at $24,437,000 after purchasing an additional 58,192 shares during the last quarter. Martingale Asset Management L P increased its holdings in Travelport Worldwide by 1.5% during the third quarter. Martingale Asset Management L P now owns 457,275 shares of the company’s stock worth $7,715,000 after buying an additional 6,602 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Travelport Worldwide by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 3,151,499 shares of the company’s stock worth $53,165,000 after buying an additional 20,019 shares during the last quarter. Franklin Resources Inc. increased its holdings in Travelport Worldwide by 194.6% during the third quarter. Franklin Resources Inc. now owns 30,899 shares of the company’s stock worth $521,000 after buying an additional 20,410 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in Travelport Worldwide during the third quarter worth about $285,000. Institutional investors own 94.16% of the company’s stock.
Shares of TVPT stock opened at $15.71 on Monday. The stock has a market capitalization of $1.99 billion, a PE ratio of 44.89 and a beta of 0.27. Travelport Worldwide has a one year low of $13.27 and a one year high of $20.30.
About Travelport Worldwide
Travelport Worldwide Limited, together with its subsidiaries, operates a travel commerce platform that offers distribution, technology, payment, mobile, 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, such as airlines, hotel chains, and car rental companies with online and offline travel buyers in a business-to-business travel platform.
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