Travel + Leisure (TNL) to Release Quarterly Earnings on Wednesday

Travel + Leisure (NYSE:TNL) is set to announce its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.85 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.61. The company had revenue of $935.00 million for the quarter, compared to analysts’ expectations of $946.56 million. Travel + Leisure had a net margin of 10.59% and a negative return on equity of 43.77%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 EPS. On average, analysts expect Travel + Leisure to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Travel + Leisure Price Performance

Shares of TNL opened at $43.76 on Wednesday. The firm’s 50 day moving average is $44.97 and its 200-day moving average is $40.07. The stock has a market capitalization of $3.12 billion, a P/E ratio of 8.23, a P/E/G ratio of 1.20 and a beta of 1.63. Travel + Leisure has a 12-month low of $32.10 and a 12-month high of $49.02.

Travel + Leisure Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 21st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.57%. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.45. Travel + Leisure’s payout ratio is currently 37.59%.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Kimberly Marshall sold 4,953 shares of the company’s stock in a transaction that occurred on Sunday, March 10th. The shares were sold at an average price of $45.24, for a total value of $224,073.72. Following the transaction, the insider now owns 54,657 shares in the company, valued at approximately $2,472,682.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Travel + Leisure news, Director George Herrera sold 2,969 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $45.33, for a total value of $134,584.77. Following the completion of the sale, the director now directly owns 2,193 shares of the company’s stock, valued at $99,408.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kimberly Marshall sold 4,953 shares of the business’s stock in a transaction that occurred on Sunday, March 10th. The stock was sold at an average price of $45.24, for a total transaction of $224,073.72. Following the completion of the sale, the insider now directly owns 54,657 shares of the company’s stock, valued at $2,472,682.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,922 shares of company stock worth $1,318,358. 4.02% of the stock is currently owned by company insiders.

Institutional Trading of Travel + Leisure

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Travel + Leisure by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 10,722,330 shares of the company’s stock worth $419,136,000 after buying an additional 466,640 shares during the period. BlackRock Inc. boosted its holdings in shares of Travel + Leisure by 13.9% during the 1st quarter. BlackRock Inc. now owns 9,806,796 shares of the company’s stock worth $568,206,000 after buying an additional 1,197,611 shares during the period. Invesco Ltd. boosted its holdings in shares of Travel + Leisure by 11.8% during the 1st quarter. Invesco Ltd. now owns 6,057,641 shares of the company’s stock worth $350,980,000 after buying an additional 636,968 shares during the period. State Street Corp boosted its holdings in shares of Travel + Leisure by 3.0% during the 2nd quarter. State Street Corp now owns 2,515,891 shares of the company’s stock worth $97,667,000 after buying an additional 74,254 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Travel + Leisure by 9.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,527,065 shares of the company’s stock worth $59,281,000 after buying an additional 127,314 shares during the period. 87.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of Travel + Leisure from a “hold” rating to a “buy” rating and boosted their price target for the company from $37.00 to $57.00 in a report on Tuesday, January 2nd. Truist Financial boosted their price target on shares of Travel + Leisure from $59.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Mizuho assumed coverage on shares of Travel + Leisure in a report on Tuesday, March 26th. They set a “neutral” rating and a $55.00 price target on the stock. Barclays boosted their price target on shares of Travel + Leisure from $37.00 to $44.00 and gave the company an “equal weight” rating in a report on Thursday, February 22nd. Finally, JMP Securities assumed coverage on shares of Travel + Leisure in a report on Tuesday, February 13th. They set an “outperform” rating and a $50.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Travel + Leisure presently has an average rating of “Hold” and an average price target of $53.63.

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.