Travel + Leisure (NYSE:TNL) Posts Quarterly 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 for the quarter, topping the consensus estimate of $1.49 by $0.08, Briefing.com reports. The business had revenue of $993.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 11.35%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.54 EPS.

Travel + Leisure Stock Up 0.7 %

Shares of NYSE TNL opened at $47.61 on Friday. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 7.95, a PEG ratio of 0.62 and a beta of 1.62. Travel + Leisure has a 52-week low of $32.10 and a 52-week high of $49.91. The business’s 50 day moving average is $44.57 and its two-hundred day moving average is $44.62.

Travel + Leisure Announces Dividend

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

Insider Buying and Selling at Travel + Leisure

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Barclays boosted their target price on Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft decreased their price objective on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. The Goldman Sachs Group upped their price objective on Travel + Leisure from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday. Tigress Financial upped their price objective on Travel + Leisure from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, Truist Financial decreased their price objective on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $55.00.

About Travel + Leisure

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.