Travel + Leisure (NYSE:TNL – Get Free Report) 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
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.
Read Our Latest Report on Travel + Leisure
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.
Recommended Stories
- Five stocks we like better than Travel + Leisure
- How to Most Effectively Use the MarketBeat Earnings Screener
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- Using the MarketBeat Dividend Tax Calculator
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
- What is a Low P/E Ratio and What Does it Tell Investors?
- The Downtrend in UPS Stock Isn’t Over Yet
Receive News & Ratings for Travel + Leisure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travel + Leisure and related companies with MarketBeat.com's FREE daily email newsletter.