Travel + Leisure (NYSE:TNL – Get Free Report) announced its earnings results on Wednesday. The company reported $1.57 EPS for the quarter, beating 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 the consensus estimate 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 revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.54 earnings per share.
Travel + Leisure Stock Performance
Shares of Travel + Leisure stock traded down $0.11 on Thursday, hitting $47.16. 129,556 shares of the company’s stock were exchanged, compared to its average volume of 589,903. Travel + Leisure has a 1 year low of $32.10 and a 1 year high of $49.91. The company has a 50-day simple moving average of $44.47 and a 200-day simple moving average of $44.60. The stock has a market capitalization of $3.29 billion, a PE ratio of 7.88, a PEG ratio of 0.62 and a beta of 1.62.
Travel + Leisure Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.00 dividend on an annualized basis and a yield of 4.24%. Travel + Leisure’s dividend payout ratio is currently 33.39%.
Insider Buying and Selling
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on TNL. The Goldman Sachs Group upped their target price on shares of Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Barclays boosted their price objective on shares of Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday. JPMorgan Chase & Co. lifted their target price on Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Finally, Truist Financial dropped their price objective on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Travel + Leisure has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.
Check Out Our Latest Report on TNL
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.
Featured Articles
- Five stocks we like better than Travel + Leisure
- Manufacturing Stocks Investing
- Tesla Stock: Buy the Dips, Sell the Rips
- 3 Healthcare Dividend Stocks to Buy
- A $1.75 Billion Gamble: Can Lucid Ignite Growth?
- 3 Grocery Stocks That Are Proving They Are Still Essential
- The Rally in Lockheed Martin and RTX Can Continue: Here’s Why
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.