Several other equities research analysts also recently issued reports on the company. ValuEngine raised Travelport Worldwide Limited from a hold rating to a buy rating in a research note on Thursday, June 15th. BidaskClub raised Travelport Worldwide Limited from a buy rating to a strong-buy rating in a research note on Thursday, June 15th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $15.38.
Travelport Worldwide Limited (NYSE TVPT) traded up 0.64% during mid-day trading on Wednesday, reaching $14.25. The company’s stock had a trading volume of 1,007,960 shares. Travelport Worldwide Limited has a 1-year low of $11.38 and a 1-year high of $15.15. The firm has a 50-day moving average of $14.03 and a 200 day moving average of $13.35. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 17.05 and a beta of 0.61.
Travelport Worldwide Limited (NYSE:TVPT) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.26. The firm had revenue of $612.10 million during the quarter, compared to the consensus estimate of $618.27 million. Travelport Worldwide Limited had a negative return on equity of 50.52% and a net margin of 4.42%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 EPS. Equities analysts expect that Travelport Worldwide Limited will post $1.37 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Thursday, September 7th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.11%. The ex-dividend date is Wednesday, September 6th. Travelport Worldwide Limited’s dividend payout ratio is currently 35.29%.
In other news, insider Antonios Basoukeas sold 6,895 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $13.72, for a total transaction of $94,599.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.19% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of the company. LSV Asset Management purchased a new stake in Travelport Worldwide Limited during the first quarter worth $147,000. Eqis Capital Management Inc. increased its stake in Travelport Worldwide Limited by 3.4% in the first quarter. Eqis Capital Management Inc. now owns 14,982 shares of the company’s stock worth $176,000 after buying an additional 494 shares during the period. Wedge Capital Management L L P NC increased its stake in Travelport Worldwide Limited by 16.1% in the first quarter. Wedge Capital Management L L P NC now owns 23,070 shares of the company’s stock worth $272,000 after buying an additional 3,195 shares during the period. Adams Diversified Equity Fund Inc. increased its stake in Travelport Worldwide Limited by 2.8% in the first quarter. Adams Diversified Equity Fund Inc. now owns 68,900 shares of the company’s stock worth $811,000 after buying an additional 1,900 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Travelport Worldwide Limited by 1.1% in the first quarter. Wells Fargo & Company MN now owns 620,839 shares of the company’s stock worth $7,307,000 after buying an additional 6,513 shares during the period. 96.82% of the stock is owned by institutional investors.
Travelport Worldwide Limited 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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