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

Travel + Leisure (NYSE:TNL) 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

In other Travel + Leisure news, insider Amandine Robin-Caplan sold 3,246 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $41.84, for a total transaction of $135,812.64. Following the completion of the sale, the insider now owns 24,491 shares of the company’s stock, valued at approximately $1,024,703.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Travel + Leisure news, insider Amandine Robin-Caplan sold 3,246 shares of Travel + Leisure stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $41.84, for a total transaction of $135,812.64. Following the transaction, the insider now owns 24,491 shares of the company’s stock, valued at $1,024,703.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George Herrera sold 2,193 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total transaction of $93,158.64. Following the completion of the sale, the director now directly owns 6,352 shares of the company’s stock, valued at approximately $269,832.96. This trade represents 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 insiders.

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.

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.