Travel + Leisure (TNL) to Release Earnings on Thursday

Travel + Leisure (NYSE:TNL – Get Rating) will post its quarterly earnings results before the market opens on Thursday, April 28th. Analysts expect Travel + Leisure to post earnings of $0.73 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Travel + Leisure (NYSE:TNL – Get Rating) last released its quarterly earnings data on Wednesday, February 23rd. The company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.22. The firm had revenue of $870.00 million during the quarter, compared to analyst estimates of $788.19 million. Travel + Leisure had a negative return on equity of 36.08% and a net margin of 9.86%. The business’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 earnings per share. On average, analysts expect Travel + Leisure to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

NYSE:TNL opened at $55.79 on Thursday. The firm has a market cap of $4.78 billion, a PE ratio of 15.85 and a beta of 1.75. Travel + Leisure has a fifty-two week low of $46.10 and a fifty-two week high of $68.26. The business has a 50 day moving average price of $55.48 and a 200-day moving average price of $54.93.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Tuesday, March 15th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend was Monday, March 14th. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.35. Travel + Leisure’s dividend payout ratio is 45.45%.

Separately, Zacks Investment Research lowered Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Thursday, January 20th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $71.00.

In other Travel + Leisure news, Director George Herrera sold 2,189 shares of the stock in a transaction on Friday, March 18th. The stock was sold at an average price of $58.50, for a total value of $128,056.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Geoffrey Richards sold 13,000 shares of the stock in a transaction on Wednesday, February 9th. The stock was sold at an average price of $60.47, for a total value of $786,110.00. The disclosure for this sale can be found here. Company insiders own 1.93% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Neo Ivy Capital Management bought a new position in shares of Travel + Leisure during the fourth quarter valued at $94,000. Metropolitan Life Insurance Co NY increased its holdings in Travel + Leisure by 1.2% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 18,033 shares of the company’s stock worth $997,000 after buying an additional 215 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in Travel + Leisure by 0.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 22,754 shares of the company’s stock worth $1,258,000 after buying an additional 197 shares in the last quarter. Stifel Financial Corp increased its holdings in Travel + Leisure by 40.5% in the 4th quarter. Stifel Financial Corp now owns 41,020 shares of the company’s stock worth $2,268,000 after buying an additional 11,829 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Travel + Leisure in the 4th quarter worth about $2,670,000. Institutional investors and hedge funds own 87.23% of the company’s stock.

Travel + Leisure Company Profile (Get Rating)

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and 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; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.

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