Travel + Leisure (NYSE:TNL – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.13, Briefing.com reports. Travel + Leisure had a negative return on equity of 45.86% and a net margin of 11.35%. The firm had revenue of $985.00 million for the quarter, compared to analyst estimates of $987.20 million. During the same quarter in the prior year, the company posted $1.33 earnings per share. Travel + Leisure’s quarterly revenue was up 3.8% on a year-over-year basis.
Travel + Leisure Stock Performance
TNL stock traded up $0.71 during trading on Friday, hitting $45.97. The stock had a trading volume of 170,874 shares, compared to its average volume of 565,603. Travel + Leisure has a 1-year low of $32.10 and a 1-year high of $49.91. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 8.34, a price-to-earnings-growth ratio of 2.49 and a beta of 1.63. The company’s 50 day moving average price is $44.87 and its two-hundred day moving average price is $44.19.
Travel + Leisure Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date was Friday, June 14th. Travel + Leisure’s dividend payout ratio is presently 36.83%.
Wall Street Analysts Forecast Growth
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.
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