Zacks: Brokerages Anticipate Travel + Leisure Co. (NYSE:TNL) Will Post Earnings of $0.17 Per Share


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Brokerages expect Travel + Leisure Co. (NYSE:TNL) to report earnings per share (EPS) of $0.17 for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Travel + Leisure’s earnings. The lowest EPS estimate is $0.11 and the highest is $0.22. Travel + Leisure reported earnings of ($0.98) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 117.3%. The firm is expected to announce its next earnings results before the market opens on Wednesday, May 5th.

On average, analysts expect that Travel + Leisure will report full year earnings of $2.99 per share for the current financial year, with EPS estimates ranging from $2.77 to $3.36. For the next fiscal year, analysts forecast that the firm will report earnings of $4.91 per share, with EPS estimates ranging from $4.38 to $5.72. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Travel + Leisure.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, February 24th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.29). The firm had revenue of $645.00 million for the quarter, compared to analysts’ expectations of $637.86 million. The company’s revenue was down 34.3% on a year-over-year basis. During the same period last year, the business posted $1.58 earnings per share.

Several equities analysts recently issued reports on TNL shares. Zacks Investment Research upgraded shares of Travel + Leisure from a “sell” rating to a “hold” rating in a research report on Tuesday, March 23rd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Travel + Leisure from $63.00 to $69.00 in a research report on Thursday, February 25th. Truist upped their price objective on shares of Travel + Leisure from $62.00 to $74.00 in a report on Friday, March 5th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Travel + Leisure from $66.00 to $71.00 and gave the stock an “overweight” rating in a report on Monday, March 15th.

Shares of NYSE TNL traded down $1.00 during midday trading on Friday, hitting $63.56. 400 shares of the company traded hands, compared to its average volume of 726,637. Travel + Leisure has a 12-month low of $20.38 and a 12-month high of $65.54.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Monday, March 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Friday, March 12th.

In other news, Director George Herrera sold 2,159 shares of the stock in a transaction that occurred on Wednesday, March 10th. The shares were sold at an average price of $62.62, for a total transaction of $135,196.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen P. Holmes sold 25,000 shares of the stock in a transaction that occurred on Monday, March 1st. The shares were sold at an average price of $60.58, for a total transaction of $1,514,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 62,591 shares of company stock worth $3,745,499.

A hedge fund recently bought a new stake in Travel + Leisure stock. Pacer Advisors Inc. acquired a new stake in shares of Travel + Leisure Co. (NYSE:TNL) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,160 shares of the company’s stock, valued at approximately $560,000.

Travel + Leisure Company Profile

Travel + Leisure Co provides hospitality services and products in the United States and internationally. The company operates in two segments, Vacation Ownership and Vacation Exchange. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.

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Earnings History and Estimates for Travel + Leisure (NYSE:TNL)

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