Travel + Leisure (NYSE:TNL) Announces Quarterly Earnings Results, Hits Estimates

Travel + Leisure (NYSE:TNL) released its earnings results on Wednesday. The company reported $1.88 EPS for the quarter, hitting the consensus estimate of $1.88, FiscalAI reports. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 5.85%.Travel + Leisure’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.65 EPS.

Here are the key takeaways from Travel + Leisure’s conference call:

• Travel + Leisure reported a strong second quarter, with revenue up 4%, EBITDA up 8%-9%, and EPS up 14%-21%, reflecting operating leverage and share repurchases.
• The company raised full-year guidance for gross VOI sales, EBITDA, and VPG after first-half results outperformed expectations and second-half visibility remained strong.
• Recent acquisitions of Yes& Vacations and Spinnaker Resorts are expected to be immediately accretive and add about 100,000 owners plus 23 resorts, including highly desirable destinations like Maui and Hilton Head.
• Management said its multi-brand strategy is gaining traction, with Margaritaville on track to exceed $150 million in annual VOI sales and other brands contributing to a growing share of the sales mix.
• Loan performance improved in the second quarter, with early-stage delinquencies rebounding after a first-quarter uptick; the company still expects 2026 loan loss provision to be modestly below 2025, though the acquisitions will add some pressure.

Travel + Leisure Stock Performance

Shares of TNL stock opened at $75.47 on Thursday. The stock’s 50-day moving average is $72.10 and its two-hundred day moving average is $71.67. Travel + Leisure has a 1 year low of $56.66 and a 1 year high of $81.00. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 0.56 and a beta of 1.16.

Travel + Leisure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $2.40 annualized dividend and a dividend yield of 3.2%. Travel + Leisure’s dividend payout ratio (DPR) is presently 67.42%.

Insider Activity at Travel + Leisure

In related news, insider Kimberly Marshall sold 28,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $70.17, for a total value of $1,964,760.00. Following the completion of the sale, the insider directly owned 33,191 shares of the company’s stock, valued at $2,329,012.47. This represents a 45.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George Herrera sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $75.16, for a total value of $37,580.00. Following the completion of the sale, the director owned 1,353 shares of the company’s stock, valued at approximately $101,691.48. This represents a 26.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 31,000 shares of company stock valued at $2,161,915 in the last three months. 4.01% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TNL. Invesco Ltd. boosted its stake in shares of Travel + Leisure by 4.2% during the fourth quarter. Invesco Ltd. now owns 3,632,657 shares of the company’s stock worth $256,211,000 after buying an additional 146,484 shares during the period. AQR Capital Management LLC raised its stake in Travel + Leisure by 46.8% during the 2nd quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock valued at $138,449,000 after acquiring an additional 855,151 shares during the last quarter. Morgan Stanley raised its stake in Travel + Leisure by 9.3% during the 4th quarter. Morgan Stanley now owns 906,101 shares of the company’s stock valued at $63,907,000 after acquiring an additional 77,135 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Travel + Leisure by 68.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 885,105 shares of the company’s stock worth $62,427,000 after acquiring an additional 359,186 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in Travel + Leisure by 3.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 713,266 shares of the company’s stock worth $42,432,000 after acquiring an additional 25,306 shares during the period. 87.54% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Travel + Leisure

Here are the key news stories impacting Travel + Leisure this week:

• Positive Sentiment: Travel + Leisure raised its full-year outlook after Q2 revenue topped forecasts and management pointed to margin improvement, signaling stronger-than-expected business momentum. Travel + Leisure raises full-year outlook after second-quarter revenue tops forecasts (NYSE:TNL)
• Positive Sentiment: Revenue came in ahead of expectations at $1.06 billion, and gross VOI sales increased year over year, reinforcing the view that demand remains healthy. Travel & Leisure Co. Reports Second Quarter 2026 Results
• Positive Sentiment: Zacks Research upgraded Travel + Leisure Co. (TNL) from “hold” to “strong-buy,” suggesting analysts see additional upside after the earnings update. Zacks.com
• Neutral Sentiment: Adjusted EPS of $1.88 matched consensus, while reported EPS of $1.72 was below some expectations; the mixed earnings result is balancing out the otherwise positive revenue and guidance news. Travel + Leisure Co. (TNL) Lags Q2 Earnings Estimates

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TNL. Mizuho cut their target price on shares of Travel + Leisure from $107.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, April 23rd. The Goldman Sachs Group upgraded shares of Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Monday, June 1st. Zacks Research raised shares of Travel + Leisure from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Barclays reduced their price objective on shares of Travel + Leisure from $78.00 to $74.00 and set an “equal weight” rating on the stock in a report on Thursday, April 23rd. Finally, Morgan Stanley lifted their price objective on shares of Travel + Leisure from $78.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $85.90.

About Travel + Leisure

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.