Travel + Leisure (NYSE:TNL) Issues Quarterly Earnings Results

Travel + Leisure (NYSE:TNL) announced its quarterly earnings results on Wednesday. The company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.68 by $0.04, Zacks reports. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The company had revenue of $971.00 million for the quarter, compared to the consensus estimate of $958.87 million. During the same quarter last year, the company posted $1.98 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year.

Travel + Leisure Stock Performance

Shares of NYSE TNL opened at $57.97 on Thursday. The stock has a market cap of $3.96 billion, a PE ratio of 9.84, a PEG ratio of 0.66 and a beta of 1.64. The business has a fifty day moving average of $52.98 and a two-hundred day moving average of $49.32. Travel + Leisure has a 52-week low of $39.91 and a 52-week high of $58.95.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TNL shares. Morgan Stanley started coverage on Travel + Leisure in a research report on Monday, January 6th. They issued an “overweight” rating and a $67.00 price objective for the company. Bank of America raised Travel + Leisure from an “underperform” rating to a “buy” rating and increased their price objective for the company from $40.00 to $60.00 in a research report on Monday, January 27th. Tigress Financial increased their price objective on Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Mizuho reaffirmed a “neutral” rating and issued a $64.00 target price (up from $55.00) on shares of Travel + Leisure in a research report on Thursday. Finally, Stifel Nicolaus raised their target price on Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $61.40.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Geoffrey Richards sold 9,400 shares of Travel + Leisure stock in a transaction on Monday, November 25th. The stock was sold at an average price of $56.56, for a total transaction of $531,664.00. Following the completion of the transaction, the insider now directly owns 111,202 shares of the company’s stock, valued at approximately $6,289,585.12. This trade represents a 7.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.02% of the company’s stock.

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.