Travel + Leisure (TNL) Scheduled to Post Earnings on Wednesday

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

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.61. Travel + Leisure had a negative return on equity of 43.77% and a net margin of 10.59%. The business 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 company posted $1.30 earnings per share. The business’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 Performance

Shares of NYSE TNL opened at $44.87 on Tuesday. The firm has a market capitalization of $3.20 billion, a PE ratio of 8.43, a price-to-earnings-growth ratio of 1.18 and a beta of 1.63. Travel + Leisure has a fifty-two week low of $32.10 and a fifty-two week high of $49.02. The stock’s 50-day simple moving average is $45.22 and its 200-day simple moving average is $40.33.

Travel + Leisure Increases Dividend

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

Insider Activity at Travel + Leisure

In related news, insider Kimberly Marshall sold 4,953 shares of Travel + Leisure stock in a transaction dated Sunday, March 10th. The stock was sold at an average price of $45.24, for a total value of $224,073.72. Following the completion of the transaction, the insider now directly owns 54,657 shares in the company, valued at $2,472,682.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider James J. Savina sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $45.18, for a total transaction of $677,700.00. Following the completion of the transaction, the insider now owns 15,860 shares in the company, valued at approximately $716,554.80. 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 the firm’s stock in a transaction 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 completion of the sale, the insider now owns 54,657 shares in the company, valued at $2,472,682.68. The disclosure for this sale can be found here. In the last three months, insiders sold 28,922 shares of company stock valued at $1,318,358. Corporate insiders own 4.02% of the company’s stock.

Analyst Ratings Changes

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

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.