Travel + Leisure Co. (NYSE:TNL) Expected to Announce Quarterly Sales of $578.57 Million


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Equities analysts expect Travel + Leisure Co. (NYSE:TNL) to announce sales of $578.57 million for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Travel + Leisure’s earnings. The highest sales estimate is $605.00 million and the lowest is $556.97 million. Travel + Leisure posted sales of $558.00 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.7%. The company is scheduled to issue its next earnings results before the market opens on Wednesday, May 5th.

On average, analysts expect that Travel + Leisure will report full-year sales of $2.91 billion for the current financial year, with estimates ranging from $2.78 billion to $3.15 billion. For the next fiscal year, analysts expect that the business will post sales of $3.53 billion, with estimates ranging from $3.42 billion to $3.68 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Travel + Leisure.

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

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

In related news, Director Stephen P. Holmes sold 25,000 shares of Travel + Leisure stock in a transaction dated Monday, March 1st. The stock was sold at an average price of $60.58, for a total value of $1,514,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director George Herrera sold 2,159 shares of Travel + Leisure stock in a transaction dated Wednesday, March 10th. The shares were sold at an average price of $62.62, for a total value of $135,196.58. The disclosure for this sale can be found here. Insiders have sold a total of 62,591 shares of company stock valued at $3,745,499 in the last quarter.

An institutional investor recently bought a new position in Travel + Leisure stock. Pacer Advisors Inc. acquired a new position in shares of Travel + Leisure Co. (NYSE:TNL) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,160 shares of the company’s stock, valued at approximately $560,000.

Shares of NYSE TNL traded down $1.00 during mid-day trading on Monday, hitting $63.56. The stock had a trading volume of 400 shares, compared to its average volume of 726,637. Travel + Leisure has a twelve month low of $20.38 and a twelve month high of $65.54.

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

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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