Travelport Worldwide Ltd (NYSE:TVPT) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.29-$1.37 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.34. The company issued revenue guidance of $2.425-$2.475 billion, compared to the consensus revenue estimate of $2.45 billion.
Several research analysts have issued reports on the company. Zacks Investment Research cut shares of Travelport Worldwide from a hold rating to a strong sell rating in a research report on Thursday, March 2nd. William Blair cut shares of Travelport Worldwide from an outperform rating to a market perform rating in a research report on Wednesday, February 22nd. Finally, Morgan Stanley cut shares of Travelport Worldwide from an overweight rating to an equal weight rating and set a $15.50 price objective for the company. in a research report on Monday, January 23rd.
Travelport Worldwide (NYSE:TVPT) last released its earnings results on Tuesday, May 9th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.40 by $0.05. Travelport Worldwide had a net margin of 1.18% and a negative return on equity of 41.10%. The firm had revenue of $650.70 million for the quarter, compared to the consensus estimate of $628.72 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Tuesday, May 30th. Travelport Worldwide’s dividend payout ratio (DPR) is presently 136.37%.
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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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