Travel + Leisure (TNL) Set to Announce Earnings on Wednesday

Travel + Leisure (NYSE:TNL) will be posting its quarterly earnings results before the market opens on Wednesday, October 23rd. Analysts expect Travel + Leisure to post earnings of $1.49 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings results on Wednesday, July 24th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 11.35%. The firm had revenue of $985.00 million during the quarter, compared to analysts’ expectations of $987.20 million. During the same period last year, the firm posted $1.33 EPS. The business’s revenue was up 3.8% on a year-over-year basis. On average, analysts expect Travel + Leisure to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Travel + Leisure Price Performance

TNL stock opened at $46.92 on Monday. The business has a fifty day moving average price of $44.21 and a 200 day moving average price of $44.62. Travel + Leisure has a fifty-two week low of $32.10 and a fifty-two week high of $49.91. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 7.83, a P/E/G ratio of 0.64 and a beta of 1.62.

Travel + Leisure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, September 13th. This represents a $2.00 dividend on an annualized basis and a yield of 4.26%. Travel + Leisure’s dividend payout ratio is 33.39%.

Analysts Set New Price Targets

TNL has been the subject of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on Travel + Leisure in a report on Wednesday, September 18th. They set a “neutral” rating and a $44.00 price target for the company. Barclays cut Travel + Leisure from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $46.00 to $40.00 in a research note on Thursday, September 26th. Tigress Financial lifted their target price on Travel + Leisure from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Truist Financial lowered their target price on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $54.33.

Insider Transactions at Travel + Leisure

In other news, Director George Herrera sold 2,193 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total value of $93,158.64. Following the transaction, the director now directly owns 6,352 shares in the company, valued at $269,832.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director George Herrera sold 2,193 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total value of $93,158.64. Following the transaction, the director now directly owns 6,352 shares in the company, valued at $269,832.96. This trade represents a 0.00 % decrease in their position. The transaction 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 Travel + Leisure stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $41.84, for a total value of $135,812.64. Following the transaction, the insider now owns 24,491 shares in the company, 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. 4.02% of the stock is owned by corporate insiders.

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.