Travelport Worldwide Limited (TVPT) to Release Earnings on Thursday
Travelport Worldwide Limited (NYSE:TVPT) is set to release its earnings data before the market opens on Thursday, November 2nd. Analysts expect Travelport Worldwide Limited to post earnings of $0.10 per share for the quarter. Travelport Worldwide Limited has set its FY17 guidance at $1.29-1.37 EPS.
Travelport Worldwide Limited (NYSE:TVPT) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.14 by $0.26. Travelport Worldwide Limited had a net margin of 4.42% and a negative return on equity of 50.52%. The business had revenue of $612.10 million during the quarter, compared to analyst estimates of $618.27 million. During the same quarter in the previous year, the business posted $0.28 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, analysts expect Travelport Worldwide Limited to post $1.37 EPS for the current fiscal year and $1.52 EPS for the next fiscal year.
Shares of Travelport Worldwide Limited (NYSE TVPT) opened at 15.53 on Thursday. Travelport Worldwide Limited has a 12-month low of $11.38 and a 12-month high of $16.17. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 18.58 and a beta of 0.61. The stock has a 50 day moving average of $15.58 and a 200 day moving average of $14.26.
A number of analysts have weighed in on the stock. BidaskClub cut shares of Travelport Worldwide Limited from a “buy” rating to a “hold” rating in a report on Friday, October 6th. Zacks Investment Research cut shares of Travelport Worldwide Limited from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. ValuEngine raised shares of Travelport Worldwide Limited from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Cowen and Company reissued an “outperform” rating and set a $17.00 price objective (up previously from $16.00) on shares of Travelport Worldwide Limited in a report on Wednesday, August 9th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $15.38.
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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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