Travel + Leisure (NYSE:TNL) Posts Quarterly Earnings Results, Beats Expectations By $0.12 EPS

Travel + Leisure (NYSE:TNL) released its quarterly earnings results on Wednesday. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12, Briefing.com reports. The business had revenue of $916.00 million during the quarter, compared to the consensus estimate of $904.54 million. Travel + Leisure had a negative return on equity of 44.34% and a net margin of 10.54%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 EPS.

Travel + Leisure Trading Up 0.2 %

NYSE:TNL opened at $45.79 on Friday. The stock has a market capitalization of $3.26 billion, a PE ratio of 8.43, a price-to-earnings-growth ratio of 1.24 and a beta of 1.63. The firm’s 50 day moving average is $45.53 and its 200 day moving average is $40.49. Travel + Leisure has a 12 month low of $32.10 and a 12 month high of $49.02.

Travel + Leisure Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 21st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend was Wednesday, March 20th. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.45. Travel + Leisure’s payout ratio is 36.83%.

Insider Buying and Selling

In related news, insider Kimberly Marshall sold 4,953 shares of Travel + Leisure stock in a transaction that occurred on Sunday, March 10th. The shares were sold at an average price of $45.24, for a total value of $224,073.72. Following the sale, the insider now owns 54,657 shares of the company’s stock, valued at approximately $2,472,682.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider James J. Savina sold 6,000 shares of Travel + Leisure stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $47.00, for a total value of $282,000.00. Following the sale, the insider now owns 26,442 shares of the company’s stock, valued at approximately $1,242,774. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kimberly Marshall sold 4,953 shares of Travel + Leisure stock in a transaction that occurred on Sunday, March 10th. The stock was sold at an average price of $45.24, for a total transaction of $224,073.72. Following the completion of the sale, the insider now directly owns 54,657 shares in the company, valued at approximately $2,472,682.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,922 shares of company stock valued at $1,318,358. 4.02% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TNL has been the subject of a number of analyst reports. JMP Securities initiated coverage on Travel + Leisure in a research note on Tuesday, February 13th. They set an “outperform” rating and a $50.00 price target for the company. Barclays lifted their price target on Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday. Truist Financial lifted their price target on Travel + Leisure from $59.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Jefferies Financial Group upgraded Travel + Leisure from a “hold” rating to a “buy” rating and boosted their target price for the stock from $37.00 to $57.00 in a research note on Tuesday, January 2nd. Finally, Mizuho started coverage on Travel + Leisure in a research note on Tuesday, March 26th. They issued a “neutral” rating and a $55.00 target price on the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $55.86.

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.