Travel + Leisure (NYSE:TNL) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Travel + Leisure (NYSE:TNL) posted its earnings results on Wednesday. The company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.04, Zacks reports. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The company had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $958.87 million. During the same period last year, the company posted $1.98 earnings per share. Travel + Leisure’s quarterly revenue was up 3.9% on a year-over-year basis.

Travel + Leisure Stock Down 0.2 %

NYSE:TNL opened at $56.99 on Friday. The stock’s 50 day moving average price is $53.05 and its 200 day moving average price is $49.38. Travel + Leisure has a 52-week low of $39.91 and a 52-week high of $58.95. The company has a market capitalization of $3.90 billion, a PE ratio of 9.71, a P/E/G ratio of 0.67 and a beta of 1.64.

Insider Buying and Selling at Travel + Leisure

In other news, insider Geoffrey Richards sold 9,400 shares of Travel + Leisure stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $56.56, for a total transaction of $531,664.00. Following the completion of the sale, the insider now directly owns 111,202 shares in the company, valued at approximately $6,289,585.12. This trade represents a 7.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.02% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TNL has been the topic of a number of analyst reports. Mizuho reiterated a “neutral” rating and set a $64.00 price objective (up previously from $55.00) on shares of Travel + Leisure in a research report on Thursday. The Goldman Sachs Group upped their price target on shares of Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Tigress Financial boosted their target price on Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Stifel Nicolaus lifted their price target on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Bank of America upgraded shares of Travel + Leisure from an “underperform” rating to a “buy” rating and increased their price objective for the company from $40.00 to $60.00 in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Travel + Leisure has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

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.