Wall Street brokerages forecast that Travel + Leisure Co. (NYSE:TNL – Get Rating) will report $918.97 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Travel + Leisure’s earnings. The highest sales estimate is $946.01 million and the lowest is $901.00 million. Travel + Leisure reported sales of $797.00 million in the same quarter last year, which would suggest a positive year over year growth rate of 15.3%. The firm is scheduled to issue its next earnings report on Monday, January 1st.
On average, analysts expect that Travel + Leisure will report full year sales of $3.59 billion for the current fiscal year, with estimates ranging from $3.55 billion to $3.71 billion. For the next financial year, analysts anticipate that the firm will post sales of $4.01 billion, with estimates ranging from $3.84 billion to $4.16 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Travel + Leisure.
Travel + Leisure (NYSE:TNL – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.03). Travel + Leisure had a negative return on equity of 40.92% and a net margin of 9.98%. The firm had revenue of $809.00 million during the quarter, compared to analysts’ expectations of $772.11 million. During the same quarter in the previous year, the business earned $0.39 earnings per share. The company’s revenue for the quarter was up 28.8% compared to the same quarter last year.
In related news, Director George Herrera sold 2,189 shares of the firm’s stock in a transaction dated Friday, March 18th. The stock was sold at an average price of $58.50, for a total transaction of $128,056.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider James J. Savina sold 5,500 shares of the firm’s stock in a transaction dated Friday, April 29th. The stock was sold at an average price of $57.19, for a total value of $314,545.00. Following the sale, the insider now directly owns 13,659 shares in the company, valued at $781,158.21. The disclosure for this sale can be found here. 2.07% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Putnam Investments LLC acquired a new stake in Travel + Leisure in the third quarter valued at approximately $5,129,000. Gladius Capital Management LP acquired a new stake in Travel + Leisure in the fourth quarter valued at approximately $174,000. Mutual of America Capital Management LLC grew its holdings in Travel + Leisure by 1.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 77,188 shares of the company’s stock valued at $4,266,000 after purchasing an additional 1,109 shares during the period. LPL Financial LLC grew its holdings in Travel + Leisure by 18.0% in the third quarter. LPL Financial LLC now owns 42,740 shares of the company’s stock valued at $2,331,000 after purchasing an additional 6,518 shares during the period. Finally, California Public Employees Retirement System grew its holdings in Travel + Leisure by 0.3% in the fourth quarter. California Public Employees Retirement System now owns 193,595 shares of the company’s stock valued at $10,700,000 after purchasing an additional 528 shares during the period. 87.70% of the stock is currently owned by institutional investors.
Shares of NYSE:TNL opened at $47.38 on Friday. Travel + Leisure has a 52-week low of $46.10 and a 52-week high of $66.56. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 12.53 and a beta of 1.67. The business has a 50-day moving average price of $53.86 and a 200-day moving average price of $54.44.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Tuesday, June 14th. Travel + Leisure’s dividend payout ratio (DPR) is 42.33%.
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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