Analysts forecast that Travelport Worldwide Ltd (NYSE:TVPT) will report $565.76 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Travelport Worldwide’s earnings. The highest sales estimate is $567.01 million and the lowest is $564.50 million. Travelport Worldwide posted sales of $545.43 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.7%. The business is expected to report its next quarterly earnings report before the market opens on Tuesday, February 20th.
According to Zacks, analysts expect that Travelport Worldwide will report full year sales of $565.76 million for the current financial year. For the next year, analysts anticipate that the firm will post sales of $2.52 billion per share, with estimates ranging from $2.49 billion to $2.56 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Travelport Worldwide.
Several research firms recently issued reports on TVPT. Zacks Investment Research raised shares of Travelport Worldwide from a “strong sell” rating to a “hold” rating in a research report on Saturday, January 6th. Evercore ISI cut shares of Travelport Worldwide from an “outperform” rating to an “underperform” rating in a research report on Friday, January 5th. ValuEngine cut shares of Travelport Worldwide from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. BidaskClub cut shares of Travelport Worldwide from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Finally, Cowen set a $19.00 price target on shares of Travelport Worldwide and gave the company a “buy” rating in a research report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Travelport Worldwide presently has an average rating of “Hold” and an average target price of $16.00.
In other news, insider Matthew Minetola sold 12,000 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $12.86, for a total transaction of $154,320.00. Following the completion of the transaction, the insider now owns 33,402 shares of the company’s stock, valued at $429,549.72. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.19% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. raised its position in Travelport Worldwide by 2.0% in the third quarter. Principal Financial Group Inc. now owns 7,891,186 shares of the company’s stock worth $123,892,000 after acquiring an additional 154,117 shares in the last quarter. Vanguard Group Inc. raised its position in Travelport Worldwide by 4.6% in the second quarter. Vanguard Group Inc. now owns 5,408,354 shares of the company’s stock worth $74,419,000 after acquiring an additional 236,276 shares in the last quarter. JPMorgan Chase & Co. raised its position in Travelport Worldwide by 70.7% in the third quarter. JPMorgan Chase & Co. now owns 4,363,322 shares of the company’s stock worth $68,286,000 after acquiring an additional 1,806,531 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Travelport Worldwide by 6.2% in the third quarter. Dimensional Fund Advisors LP now owns 2,957,615 shares of the company’s stock worth $46,434,000 after acquiring an additional 171,968 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Travelport Worldwide by 46.7% in the fourth quarter. Renaissance Technologies LLC now owns 2,588,300 shares of the company’s stock worth $33,829,000 after acquiring an additional 824,200 shares in the last quarter. Hedge funds and other institutional investors own 89.22% of the company’s stock.
Shares of Travelport Worldwide (NYSE:TVPT) opened at $13.22 on Tuesday. The company has a debt-to-equity ratio of -9.42, a current ratio of 0.81 and a quick ratio of 0.81. Travelport Worldwide has a 12-month low of $11.38 and a 12-month high of $16.17. The stock has a market cap of $1,656.68, a P/E ratio of 18.36, a P/E/G ratio of 3.99 and a beta of 0.52.
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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