Travel + Leisure (NYSE:TNL) Posts Earnings Results

Travel + Leisure (NYSE:TNL) issued its quarterly earnings data on Wednesday. The company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.08, Briefing.com reports. Travel + Leisure had a net margin of 11.35% and a negative return on equity of 46.63%. The business had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the company posted $1.54 EPS. The business’s revenue was up .7% on a year-over-year basis.

Travel + Leisure Trading Up 0.7 %

Shares of TNL stock opened at $47.61 on Friday. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 7.95, a PEG ratio of 0.62 and a beta of 1.62. Travel + Leisure has a twelve month low of $32.10 and a twelve month high of $49.91. The firm has a 50-day moving average price of $44.57 and a 200 day moving average price of $44.62.

Travel + Leisure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend was Friday, September 13th. Travel + Leisure’s payout ratio is currently 33.39%.

Insiders Place Their Bets

In other news, Director George Herrera sold 2,193 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total value of $93,158.64. Following the transaction, the director now directly owns 6,352 shares in the company, valued at $269,832.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 stock was sold at an average price of $41.84, for a total value of $135,812.64. Following the completion of the transaction, the insider now directly owns 24,491 shares in the company, 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 legal filing with the SEC, which is available at this link. Also, Director George Herrera sold 2,193 shares of Travel + Leisure stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total value of $93,158.64. Following the sale, the director now directly owns 6,352 shares in the company, valued at approximately $269,832.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 4.02% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TNL shares. Tigress Financial lifted their price objective on shares of Travel + Leisure from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday, July 29th. Truist Financial lowered their price target on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Barclays lifted their price objective on Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday. Finally, The Goldman Sachs Group lifted their price objective on Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday. One 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.