Travel + Leisure (NYSE:TNL) Releases Quarterly Earnings Results, Beats Expectations By $0.12 EPS

Travel + Leisure (NYSE:TNL) posted its earnings results on Wednesday. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12, Briefing.com reports. The firm had revenue of $916.00 million during the quarter, compared to analyst estimates of $904.54 million. Travel + Leisure had a net margin of 10.54% and a negative return on equity of 43.80%. Travel + Leisure’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $0.89 earnings per share.

Travel + Leisure Stock Performance

Shares of TNL stock traded up $0.87 on Friday, reaching $46.56. 65,146 shares of the company were exchanged, compared to its average volume of 551,969. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 8.41, a P/E/G ratio of 1.25 and a beta of 1.63. Travel + Leisure has a 1 year low of $32.10 and a 1 year high of $49.02. The business has a 50-day moving average price of $45.45 and a 200 day moving average price of $40.45.

Travel + Leisure Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 21st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.30%. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, March 20th. Travel + Leisure’s dividend payout ratio (DPR) is presently 36.83%.

Insider Activity at Travel + Leisure

In other Travel + Leisure news, insider Kimberly Marshall sold 4,953 shares of the stock in a transaction dated Sunday, March 10th. The shares were sold at an average price of $45.24, for a total value of $224,073.72. Following the completion of the sale, the insider now owns 54,657 shares in the company, valued at approximately $2,472,682.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider James J. Savina sold 15,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $45.18, for a total value of $677,700.00. Following the sale, the insider now directly owns 15,860 shares in the company, valued at approximately $716,554.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kimberly Marshall sold 4,953 shares of the business’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 transaction of $224,073.72. Following the completion of the sale, the insider now directly owns 54,657 shares in the company, valued at $2,472,682.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,922 shares of company stock valued at $1,318,358. 4.02% of the stock is owned by insiders.

Analysts Set New Price Targets

TNL has been the subject of a number of recent research reports. Barclays lifted their price objective on shares of Travel + Leisure from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday. Truist Financial increased their price objective on shares of Travel + Leisure from $59.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Mizuho started coverage on Travel + Leisure in a research note on Tuesday, March 26th. They set a “neutral” rating and a $55.00 price target for the company. Jefferies Financial Group raised Travel + Leisure from a “hold” rating to a “buy” rating and upped their price objective for the company from $37.00 to $57.00 in a research report on Tuesday, January 2nd. Finally, JMP Securities started coverage on Travel + Leisure in a research report on Tuesday, February 13th. They set an “outperform” rating and a $50.00 target price for the company. Two research 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, Travel + Leisure has a consensus rating of “Moderate Buy” and an average price target of $55.86.

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.