Brokerages Expect Travelport Worldwide Ltd (TVPT) Will Announce Quarterly Sales of $628.66 Million

Equities analysts expect Travelport Worldwide Ltd (NYSE:TVPT) to post sales of $628.66 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Travelport Worldwide’s earnings, with the lowest sales estimate coming in at $618.00 million and the highest estimate coming in at $634.30 million. Travelport Worldwide reported sales of $610.84 million during the same quarter last year, which would suggest a positive year over year growth rate of 2.9%. The firm is scheduled to report its next earnings report before the market opens on Thursday, November 1st.

On average, analysts expect that Travelport Worldwide will report full year sales of $2.57 billion for the current year, with estimates ranging from $2.55 billion to $2.58 billion. For the next year, analysts expect that the company will post sales of $2.68 billion, with estimates ranging from $2.66 billion to $2.70 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Travelport Worldwide.

Travelport Worldwide (NYSE:TVPT) last released its earnings results on Thursday, August 2nd. The company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.11. The firm had revenue of $662.01 million during the quarter, compared to analyst estimates of $638.77 million. Travelport Worldwide had a net margin of 4.61% and a negative return on equity of 36.75%. The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 EPS.

TVPT has been the subject of a number of research analyst reports. Cowen set a $23.00 target price on shares of Travelport Worldwide and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Morgan Stanley boosted their target price on shares of Travelport Worldwide from $18.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Friday, August 3rd. Imperial Capital boosted their target price on shares of Travelport Worldwide from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, August 3rd. Zacks Investment Research lowered shares of Travelport Worldwide from a “hold” rating to a “sell” rating in a research report on Thursday, August 9th. Finally, Bank of America lowered shares of Travelport Worldwide from a “neutral” rating to an “underperform” rating in a research report on Friday, August 3rd. Four research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $21.80.

Travelport Worldwide stock traded down $0.30 on Friday, reaching $14.66. 668,100 shares of the stock were exchanged, compared to its average volume of 1,488,908. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 15.72 and a beta of 0.25. The company has a debt-to-equity ratio of -16.95, a current ratio of 0.81 and a quick ratio of 0.81. Travelport Worldwide has a twelve month low of $12.10 and a twelve month high of $20.30.

In other news, insider Matthew Minetola sold 2,508 shares of the company’s stock in a transaction dated Tuesday, October 16th. The shares were sold at an average price of $15.50, for a total transaction of $38,874.00. Following the completion of the transaction, the insider now owns 37,004 shares of the company’s stock, valued at $573,562. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.32% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in TVPT. Fort L.P. acquired a new position in shares of Travelport Worldwide during the second quarter valued at about $122,000. Itau Unibanco Holding S.A. acquired a new position in shares of Travelport Worldwide during the second quarter valued at about $129,000. Moneta Group Investment Advisors LLC acquired a new position in shares of Travelport Worldwide during the second quarter valued at about $168,000. Laurel Wealth Advisors Inc. acquired a new position in shares of Travelport Worldwide during the first quarter valued at about $171,000. Finally, Flinton Capital Management LLC raised 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 buying an additional 3,008 shares during the last quarter. 92.27% of the stock is owned by institutional investors and hedge funds.

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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