Travel + Leisure (NYSE:TNL) Issues Quarterly Earnings Results

Travel + Leisure (NYSE:TNL) released its earnings results on Wednesday. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.13, Briefing.com reports. Travel + Leisure had a negative return on equity of 44.34% and a net margin of 10.54%. The company had revenue of $985.00 million for the quarter, compared to analysts’ expectations of $987.20 million. During the same quarter in the previous year, the firm posted $1.33 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis.

Travel + Leisure Stock Performance

TNL stock traded up $1.55 on Thursday, reaching $46.08. The company had a trading volume of 678,374 shares, compared to its average volume of 565,370. Travel + Leisure has a 1 year low of $32.10 and a 1 year high of $49.91. The company’s fifty day moving average is $44.89 and its 200 day moving average is $44.18. The company has a market cap of $3.28 billion, a P/E ratio of 8.46, a PEG ratio of 2.76 and a beta of 1.63.

Travel + Leisure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend was Friday, June 14th. Travel + Leisure’s payout ratio is currently 36.83%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Barclays boosted their target price on Travel + Leisure from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. upped their price target on Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Travel + Leisure presently has an average rating of “Moderate Buy” and an average target price of $56.75.

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.