Wall Street brokerages forecast that Travelport Worldwide Limited (NYSE:TVPT) will post earnings of $0.29 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Travelport Worldwide Limited’s earnings, with estimates ranging from $0.27 to $0.32. Travelport Worldwide Limited posted earnings per share of $0.33 in the same quarter last year, which would suggest a negative year over year growth rate of 12.1%. The firm is scheduled to issue its next earnings results on Thursday, November 2nd.

According to Zacks, analysts expect that Travelport Worldwide Limited will report full-year earnings of $1.36 per share for the current fiscal year, with EPS estimates ranging from $1.34 to $1.40. For the next year, analysts anticipate that the business will post earnings of $1.51 per share, with EPS estimates ranging from $1.45 to $1.63. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Travelport Worldwide Limited.

Travelport Worldwide Limited (NYSE:TVPT) last posted its earnings results on Thursday, August 3rd. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.26. The company had revenue of $612.10 million during the quarter, compared to analysts’ expectations of $618.27 million. Travelport Worldwide Limited had a net margin of 4.42% and a negative return on equity of 50.52%. Travelport Worldwide Limited’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 EPS.

TVPT has been the subject of a number of research reports. BidaskClub lowered shares of Travelport Worldwide Limited from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 4th. ValuEngine raised shares of Travelport Worldwide Limited from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Cowen and Company reaffirmed an “outperform” rating and issued a $16.00 target price on shares of Travelport Worldwide Limited in a research note on Wednesday, June 28th. Finally, Zacks Investment Research raised shares of Travelport Worldwide Limited from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Thursday, August 10th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Travelport Worldwide Limited has a consensus rating of “Buy” and an average price target of $15.38.

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Shares of Travelport Worldwide Limited (NYSE:TVPT) opened at 15.23 on Friday. Travelport Worldwide Limited has a 52 week low of $11.38 and a 52 week high of $15.39. The firm has a market cap of $1.90 billion, a PE ratio of 18.22 and a beta of 0.60. The firm has a 50-day moving average of $14.52 and a 200 day moving average of $13.42.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Thursday, September 7th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, September 6th. Travelport Worldwide Limited’s dividend payout ratio (DPR) is currently 35.29%.

A number of large investors have recently added to or reduced their stakes in TVPT. Russell Investments Group Ltd. boosted its holdings in Travelport Worldwide Limited by 315.1% in the first quarter. Russell Investments Group Ltd. now owns 44,418 shares of the company’s stock valued at $522,000 after acquiring an additional 33,717 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Travelport Worldwide Limited by 1.1% in the first quarter. Wells Fargo & Company MN now owns 620,839 shares of the company’s stock valued at $7,307,000 after acquiring an additional 6,513 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in Travelport Worldwide Limited by 16.1% in the first quarter. Wedge Capital Management L L P NC now owns 23,070 shares of the company’s stock valued at $272,000 after acquiring an additional 3,195 shares in the last quarter. Eqis Capital Management Inc. boosted its holdings in Travelport Worldwide Limited by 3.4% in the first quarter. Eqis Capital Management Inc. now owns 14,982 shares of the company’s stock valued at $176,000 after acquiring an additional 494 shares in the last quarter. Finally, LSV Asset Management bought a new stake in Travelport Worldwide Limited in the first quarter valued at $147,000. Institutional investors and hedge funds own 96.24% of the company’s stock.

Travelport Worldwide Limited 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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