Travel + Leisure (NYSE:TNL) Issues Earnings Results, Beats Estimates By $0.08 EPS

Travel + Leisure (NYSE:TNL) issued its earnings results on Wednesday. The company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.08, Briefing.com reports. The company had revenue of $993.00 million during the quarter, compared to analyst estimates of $1.01 billion. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 11.35%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the business posted $1.54 EPS.

Travel + Leisure Stock Up 0.7 %

Shares of Travel + Leisure stock opened at $47.61 on Friday. Travel + Leisure has a twelve month low of $32.10 and a twelve month high of $49.91. The business has a 50-day moving average price of $44.57 and a 200 day moving average price of $44.62. The firm has a market cap of $3.32 billion, a PE ratio of 7.95, a P/E/G ratio of 0.62 and a beta of 1.62.

Travel + Leisure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.00 annualized dividend and a dividend yield of 4.20%. Travel + Leisure’s dividend payout ratio is presently 33.39%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TNL. Deutsche Bank Aktiengesellschaft reduced their target price on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. The Goldman Sachs Group raised their target price on Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday. Barclays raised their target price on Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their price objective on Travel + Leisure from $53.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Finally, Truist Financial reduced their price objective on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Travel + Leisure presently has an average rating of “Moderate Buy” and an average target price of $55.00.

Insider Activity at Travel + Leisure

In related news, insider Amandine Robin-Caplan sold 3,246 shares of Travel + Leisure stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $41.84, for a total value of $135,812.64. Following the completion of the transaction, the insider now owns 24,491 shares in the company, valued at $1,024,703.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Amandine Robin-Caplan sold 3,246 shares of Travel + Leisure stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $41.84, for a total value of $135,812.64. Following the sale, the insider now directly owns 24,491 shares in the company, valued at approximately $1,024,703.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director George Herrera sold 2,193 shares of Travel + Leisure stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total value of $93,158.64. Following the completion of the sale, the director now owns 6,352 shares in the company, valued at approximately $269,832.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.02% of the stock is owned by company insiders.

Travel + Leisure Company Profile

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.