Travel + Leisure (TNL) Set to Announce Earnings on Wednesday

Travel + Leisure (NYSE:TNL) is scheduled to post its quarterly earnings results before the market opens on Wednesday, April 24th. Analysts expect Travel + Leisure to post earnings of $0.85 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, February 21st. The company reported $1.98 EPS for the quarter, topping the consensus estimate of $1.37 by $0.61. Travel + Leisure had a net margin of 10.59% and a negative return on equity of 43.77%. The company had revenue of $935.00 million during the quarter, compared to the consensus estimate of $946.56 million. During the same period in the previous year, the firm posted $1.30 earnings per share. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts expect Travel + Leisure to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Travel + Leisure Stock Up 2.9 %

TNL stock opened at $44.87 on Tuesday. The stock’s 50 day moving average is $45.22 and its 200-day moving average is $40.33. Travel + Leisure has a twelve month low of $32.10 and a twelve month high of $49.02. The firm has a market capitalization of $3.20 billion, a PE ratio of 8.43, a P/E/G ratio of 1.18 and a beta of 1.63.

Travel + Leisure Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 21st were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, March 20th. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 4.46%. Travel + Leisure’s payout ratio is 37.59%.

Analyst Ratings Changes

A number of research analysts have weighed in on TNL shares. Barclays boosted their target price on shares of Travel + Leisure from $37.00 to $44.00 and gave the company an “equal weight” rating in a research note on Thursday, February 22nd. Jefferies Financial Group upgraded shares of Travel + Leisure from a “hold” rating to a “buy” rating and raised their price objective for the company from $37.00 to $57.00 in a research report on Tuesday, January 2nd. Truist Financial increased their price target on shares of Travel + Leisure from $59.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Mizuho assumed coverage on Travel + Leisure in a research note on Tuesday, March 26th. They set a “neutral” rating and a $55.00 price objective on the stock. Finally, JMP Securities assumed coverage on Travel + Leisure in a report on Tuesday, February 13th. They set an “outperform” rating and a $50.00 target price for the company. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $55.29.

Insider Activity

In related news, insider James J. Savina sold 6,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $47.00, for a total transaction of $282,000.00. Following the sale, the insider now owns 26,442 shares of the company’s stock, valued at $1,242,774. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider James J. Savina sold 6,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $47.00, for a total value of $282,000.00. Following the transaction, the insider now owns 26,442 shares in the company, valued at approximately $1,242,774. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director George Herrera sold 2,969 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $45.33, for a total transaction of $134,584.77. Following the sale, the director now owns 2,193 shares of the company’s stock, valued at $99,408.69. 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.

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.