Travel + Leisure (NYSE:TNL) Releases Earnings Results, Beats Expectations By $0.08 EPS

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

Travel + Leisure Price Performance

Shares of TNL traded down $0.11 during midday trading on Friday, reaching $47.51. The stock had a trading volume of 536,194 shares, compared to its average volume of 592,093. The company has a market capitalization of $3.31 billion, a P/E ratio of 7.95, a P/E/G ratio of 0.62 and a beta of 1.62. The firm’s 50 day moving average price is $44.57 and its 200-day moving average price is $44.62. Travel + Leisure has a 52 week low of $32.26 and a 52 week high of $49.91.

Travel + Leisure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.21%. The ex-dividend date was Friday, September 13th. Travel + Leisure’s dividend payout ratio (DPR) is presently 33.39%.

Insider Activity at Travel + Leisure

In other Travel + Leisure news, insider Amandine Robin-Caplan sold 3,246 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $41.84, for a total value of $135,812.64. Following the completion of the sale, the insider now directly owns 24,491 shares of the company’s stock, valued at approximately $1,024,703.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director George Herrera sold 2,193 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total transaction of $93,158.64. Following the sale, the director now directly owns 6,352 shares of the company’s stock, valued at $269,832.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Amandine Robin-Caplan sold 3,246 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $41.84, for a total value of $135,812.64. Following the sale, the insider now directly owns 24,491 shares of the company’s stock, valued at approximately $1,024,703.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.02% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TNL shares. The Goldman Sachs Group boosted their price objective on Travel + Leisure from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday. Barclays increased their price objective on shares of Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Truist Financial dropped their price target on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. boosted their price objective on Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $55.00.

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.