Imperial Capital restated their outperform rating on shares of Travelport Worldwide (NYSE:TVPT) in a research report report published on Friday, November 2nd, MarketBeat.com reports. They currently have a $20.00 target price on the stock, down from their prior target price of $25.00.
“We are maintaining our Outperform rating on TVPT shares, while lowering our one-year price target to $20 from $25, about 41% above the recent share price. We are lowering our 3Q18 EPS estimate to $0.24 from $0.31, maintaining our FY18 estimate of $1.40, and lowering our FY19 EPS estimate to $1.45 from $1.60.”,” the firm’s analyst commented.
A number of other research analysts have also issued reports on TVPT. Morgan Stanley lifted their target price on Travelport Worldwide from $18.00 to $21.00 and gave the stock an equal weight rating in a report on Friday, August 3rd. Cowen set a $23.00 target price on Travelport Worldwide and gave the stock a buy rating in a report on Thursday, August 2nd. Bank of America cut Travelport Worldwide from a neutral rating to an underperform rating in a research note on Friday, August 3rd. Zacks Investment Research cut Travelport Worldwide from a hold rating to a sell rating in a research note on Thursday, August 9th. Finally, ValuEngine cut Travelport Worldwide from a buy rating to a hold rating in a research note on Thursday, November 1st. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $19.80.
Travelport Worldwide (NYSE:TVPT) last released its earnings results on Thursday, November 1st. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.43. The firm had revenue of $622.60 million for the quarter, compared to analyst estimates of $634.46 million. Travelport Worldwide had a negative return on equity of 43.41% and a net margin of 4.60%. Travelport Worldwide’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 earnings per share. On average, equities analysts anticipate that Travelport Worldwide will post 0.47 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Thursday, December 6th will be paid a $0.075 dividend. The ex-dividend date is Wednesday, December 5th. This represents a $0.30 dividend on an annualized basis and a yield of 1.96%. Travelport Worldwide’s dividend payout ratio is currently 31.91%.
In related news, insider Matthew Minetola sold 2,508 shares of Travelport Worldwide stock in a transaction dated Tuesday, October 16th. The stock was sold at an average price of $15.50, for a total value of $38,874.00. Following the transaction, the insider now owns 37,004 shares of the company’s stock, valued at approximately $573,562. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.32% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in TVPT. Fort L.P. acquired a new stake in Travelport Worldwide during the 2nd quarter worth about $122,000. Itau Unibanco Holding S.A. acquired a new stake in Travelport Worldwide during the 2nd quarter worth about $129,000. Moneta Group Investment Advisors LLC acquired a new stake in Travelport Worldwide during the 2nd quarter worth about $168,000. Flinton Capital Management LLC boosted its position in Travelport Worldwide by 48.6% during the 2nd quarter. Flinton Capital Management LLC now owns 9,200 shares of the company’s stock worth $171,000 after acquiring an additional 3,008 shares during the period. Finally, Howe & Rusling Inc. boosted its position in Travelport Worldwide by 141.6% during the 3rd quarter. Howe & Rusling Inc. now owns 10,797 shares of the company’s stock worth $182,000 after acquiring an additional 6,328 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.
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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