Brokerages Expect Travelport Worldwide Ltd (TVPT) Will Post Quarterly Sales of $665.80 Million
Equities research analysts expect that Travelport Worldwide Ltd (NYSE:TVPT) will post sales of $665.80 million for the current quarter, Zacks reports. Two analysts have issued estimates for Travelport Worldwide’s earnings. The lowest sales estimate is $664.00 million and the highest is $667.60 million. Travelport Worldwide posted sales of $662.01 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 0.6%. The business is expected to announce its next earnings report on Thursday, August 1st.
According to Zacks, analysts expect that Travelport Worldwide will report full year sales of $2.62 billion for the current financial year, with estimates ranging from $2.60 billion to $2.64 billion. For the next financial year, analysts forecast that the company will post sales of $2.72 billion, with estimates ranging from $2.67 billion to $2.78 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Travelport Worldwide.
Travelport Worldwide (NYSE:TVPT) last posted its quarterly earnings data on Friday, February 22nd. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.05. Travelport Worldwide had a negative return on equity of 25.37% and a net margin of 1.35%. The firm had revenue of $588.60 million for the quarter, compared to the consensus estimate of $580.47 million. During the same quarter in the prior year, the business earned $0.35 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year.
NYSE:TVPT traded down $0.14 during trading hours on Wednesday, hitting $14.85. 4,482,200 shares of the stock were exchanged, compared to its average volume of 1,841,555. Travelport Worldwide has a twelve month low of $13.27 and a twelve month high of $20.30. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 42.43 and a beta of 0.27.
Several hedge funds have recently bought and sold shares of TVPT. Alpine Associates Management Inc. acquired a new position in shares of Travelport Worldwide in the 4th quarter valued at $72,580,000. Norges Bank acquired a new position in shares of Travelport Worldwide in the 4th quarter valued at $37,773,000. CNH Partners LLC lifted its stake in shares of Travelport Worldwide by 171.5% in the 1st quarter. CNH Partners LLC now owns 3,598,284 shares of the company’s stock valued at $56,601,000 after purchasing an additional 2,272,818 shares during the period. Water Island Capital LLC lifted its stake in shares of Travelport Worldwide by 93.8% in the 1st quarter. Water Island Capital LLC now owns 3,447,252 shares of the company’s stock valued at $54,225,000 after purchasing an additional 1,668,261 shares during the period. Finally, IndexIQ Advisors LLC acquired a new position in shares of Travelport Worldwide in the 1st quarter valued at $20,134,000. 94.16% of the stock is currently owned by institutional investors.
About Travelport Worldwide
Travelport Worldwide Limited, together with its subsidiaries, operates a travel commerce platform that offers distribution, technology, payment, mobile, 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, such as airlines, hotel chains, and car rental companies with online and offline travel buyers in a business-to-business travel platform.
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