Travel + Leisure (NYSE:TNL – Get Free Report) is anticipated to announce its earnings results before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $1.12 per share and revenue of $933.08 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.
Travel + Leisure (NYSE:TNL – Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. The business had revenue of $971.00 million for the quarter, compared to analyst estimates of $958.87 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The company’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.98 earnings per share. On average, analysts expect Travel + Leisure to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.
Travel + Leisure Stock Up 0.9 %
Shares of NYSE TNL opened at $41.80 on Wednesday. Travel + Leisure has a 52 week low of $37.77 and a 52 week high of $58.95. The business’s 50 day moving average price is $49.66 and its 200 day moving average price is $50.73. The firm has a market cap of $2.79 billion, a P/E ratio of 7.16, a P/E/G ratio of 0.67 and a beta of 1.40.
Travel + Leisure Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.56 dividend. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a dividend yield of 5.36%. The ex-dividend date of this dividend was Monday, March 17th. Travel + Leisure’s dividend payout ratio is 38.36%.
Analyst Ratings Changes
A number of research analysts recently issued reports on the stock. Morgan Stanley initiated coverage on shares of Travel + Leisure in a research report on Monday, January 6th. They set an “overweight” rating and a $67.00 target price for the company. Mizuho reissued a “neutral” rating and issued a $64.00 price objective (up previously from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. Bank of America raised Travel + Leisure from an “underperform” rating to a “buy” rating and raised their target price for the stock from $40.00 to $60.00 in a report on Monday, January 27th. Truist Financial lifted their price target on Travel + Leisure from $61.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Finally, The Goldman Sachs Group lowered their price objective on Travel + Leisure from $62.00 to $44.00 and set a “neutral” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Travel + Leisure currently has an average rating of “Moderate Buy” and a consensus price target of $62.20.
Get Our Latest Analysis on TNL
Insider Transactions at Travel + Leisure
In related news, insider Michael Dean Brown purchased 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $46.66 per share, with a total value of $93,320.00. Following the purchase, the insider now owns 408,706 shares of the company’s stock, valued at $19,070,221.96. This represents a 0.49 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George Herrera sold 6,336 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total value of $296,524.80. Following the sale, the director now owns 2,759 shares of the company’s stock, valued at approximately $129,121.20. This trade represents a 69.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.02% of the company’s stock.
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.
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