Travelport Worldwide (NYSE:TVPT) Issues FY18 Earnings Guidance

Travelport Worldwide (NYSE:TVPT) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.34-1.46 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.44. The company issued revenue guidance of $2.535-2.585 billion, compared to the consensus revenue estimate of $2.53 billion.

Shares of Travelport Worldwide (NYSE TVPT) traded down $0.02 during mid-day trading on Wednesday, reaching $14.44. The company had a trading volume of 791,754 shares, compared to its average volume of 2,453,815. The company has a debt-to-equity ratio of -11.26, a quick ratio of 0.68 and a current ratio of 0.68. Travelport Worldwide has a 12 month low of $11.38 and a 12 month high of $16.17. The stock has a market capitalization of $1,833.55, a PE ratio of 12.67 and a beta of 0.41.

Travelport Worldwide (NYSE:TVPT) last released its earnings results on Tuesday, February 20th. The company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $573.57 million for the quarter, compared to the consensus estimate of $566.92 million. During the same period in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. equities research analysts predict that Travelport Worldwide will post 0.48 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.08%. The ex-dividend date is Wednesday, February 28th. Travelport Worldwide’s dividend payout ratio (DPR) is 26.32%.

Several equities research analysts have commented on TVPT shares. ValuEngine downgraded Travelport Worldwide from a buy rating to a hold rating in a report on Sunday, December 31st. Zacks Investment Research downgraded Travelport Worldwide from a hold rating to a strong sell rating in a report on Thursday, March 1st. UBS Group reissued a neutral rating and issued a $15.00 target price (up from $14.00) on shares of Travelport Worldwide in a report on Wednesday, February 21st. 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 report on Wednesday, February 21st. Finally, Evercore ISI downgraded Travelport Worldwide from an outperform rating to an underperform rating in a report on Friday, January 5th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $16.13.

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About Travelport Worldwide

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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