Travelport Worldwide Ltd (NYSE:TVPT) announced a quarterly dividend on Friday, February 16th, Zacks reports. Stockholders of record on Thursday, March 1st will be paid a dividend of 0.075 per share on Thursday, March 15th. This represents a $0.30 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Wednesday, February 28th.
Shares of Travelport Worldwide (NYSE TVPT) traded down $0.17 on Friday, hitting $13.59. The stock had a trading volume of 320,727 shares, compared to its average volume of 2,678,254. Travelport Worldwide has a 12-month low of $11.38 and a 12-month high of $16.17. The company has a debt-to-equity ratio of -11.26, a quick ratio of 0.81 and a current ratio of 0.68. The stock has a market cap of $1,716.92, a price-to-earnings ratio of 11.99, a PEG ratio of 4.14 and a beta of 0.52.
Travelport Worldwide (NYSE:TVPT) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.01 by $0.34. Travelport Worldwide had a negative return on equity of 49.43% and a net margin of 5.82%. The firm had revenue of $573.57 million during the quarter, compared to analyst estimates of $566.92 million. During the same quarter in the prior year, the business posted $0.23 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. research analysts forecast that Travelport Worldwide will post 0.79 earnings per share for the current fiscal year.
In related news, insider Matthew Minetola sold 12,000 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $12.86, for a total value of $154,320.00. Following the transaction, the insider now directly owns 33,402 shares of the company’s stock, valued at approximately $429,549.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.19% of the stock is owned by corporate insiders.
Several analysts have recently commented on TVPT shares. BidaskClub lowered Travelport Worldwide from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Zacks Investment Research raised Travelport Worldwide from a “strong sell” rating to a “hold” rating in a research report on Saturday, January 6th. ValuEngine downgraded Travelport Worldwide from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Morgan Stanley reissued an “equal weight” rating and issued a $14.50 target price (down from $15.00) on shares of Travelport Worldwide in a research report on Wednesday. Finally, Evercore ISI downgraded Travelport Worldwide from an “outperform” rating to an “underperform” rating in a research report on Friday, January 5th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.13.
Travelport Worldwide 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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