Travel + Leisure (NYSE:TNL) Releases Earnings Results, Beats Expectations By $0.13 EPS

Travel + Leisure (NYSE:TNL) 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

TNL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Barclays lifted their price target on shares of Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Travel + Leisure currently has an average rating of “Moderate Buy” and a consensus target price of $56.75.

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.