Travel + Leisure (NYSE:TNL) Announces Earnings Results

Travel + Leisure (NYSE:TNL) posted its quarterly earnings data on Wednesday. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12, Briefing.com reports. Travel + Leisure had a negative return on equity of 43.80% and a net margin of 10.54%. The business had revenue of $916.00 million for the quarter, compared to analyst estimates of $904.54 million. During the same period in the previous year, the company posted $0.89 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis.

Travel + Leisure Stock Performance

Travel + Leisure stock traded up $0.87 during trading hours on Friday, reaching $46.56. 65,146 shares of the company’s stock traded hands, compared to its average volume of 551,969. Travel + Leisure has a fifty-two week low of $32.10 and a fifty-two week high of $49.02. The firm’s 50 day moving average is $45.45 and its 200-day moving average is $40.45. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 1.25 and a beta of 1.63.

Travel + Leisure Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 21st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.30%. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.45. Travel + Leisure’s payout ratio is presently 36.83%.

Wall Street Analyst Weigh In

Several research firms have commented on TNL. Jefferies Financial Group raised Travel + Leisure from a “hold” rating to a “buy” rating and upped their price target for the company from $37.00 to $57.00 in a report on Tuesday, January 2nd. JMP Securities began coverage on Travel + Leisure in a research note on Tuesday, February 13th. They issued an “outperform” rating and a $50.00 target price for the company. Mizuho initiated coverage on shares of Travel + Leisure in a report on Tuesday, March 26th. They issued a “neutral” rating and a $55.00 price target on the stock. Truist Financial raised their price objective on shares of Travel + Leisure from $59.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Finally, Barclays increased their price target on shares of Travel + Leisure from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $55.86.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 2,969 shares of Travel + Leisure stock in a transaction on Friday, March 15th. The shares were sold at an average price of $45.33, for a total transaction of $134,584.77. Following the completion of the sale, the director now owns 2,193 shares of the company’s stock, valued at approximately $99,408.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Travel + Leisure news, Director George Herrera sold 2,969 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $45.33, for a total value of $134,584.77. Following the transaction, the director now owns 2,193 shares of the company’s stock, valued at $99,408.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider James J. Savina sold 15,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $45.18, for a total value of $677,700.00. Following the completion of the sale, the insider now directly owns 15,860 shares of the company’s stock, valued at $716,554.80. The disclosure for this sale can be found here. Insiders sold a total of 28,922 shares of company stock worth $1,318,358 in the last quarter. 4.02% of the stock is owned by company insiders.

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.