Travel + Leisure (NYSE:TNL) Releases Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Travel + Leisure (NYSE:TNL - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.49 by $0.08, Briefing.com reports. The business had revenue of $993.00 million during the quarter, compared to analysts' expectations of $1.01 billion. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 11.35%. The firm's quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.54 EPS.

Travel + Leisure Price Performance

Shares of Travel + Leisure stock traded up $0.33 during midday trading on Thursday, hitting $47.61. The company had a trading volume of 636,542 shares, compared to its average volume of 592,364. Travel + Leisure has a 1-year low of $32.10 and a 1-year high of $49.91. The business's 50 day simple moving average is $44.57 and its two-hundred day simple moving average is $44.62. The stock has a market cap of $3.32 billion, a PE ratio of 7.95, a P/E/G ratio of 0.62 and a beta of 1.62.

Travel + Leisure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.20%. Travel + Leisure's dividend payout ratio (DPR) is presently 33.39%.

Analyst Upgrades and Downgrades

TNL has been the topic of a number of recent research reports. Barclays raised their price target on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an "underweight" rating in a report on Thursday. Tigress Financial boosted their price target on Travel + Leisure from $54.00 to $58.00 and gave the stock a "buy" rating in a research report on Monday, July 29th. JPMorgan Chase & Co. increased their price objective on Travel + Leisure from $53.00 to $63.00 and gave the company an "overweight" rating in a report on Friday, July 19th. Truist Financial reduced their target price on Travel + Leisure from $65.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, September 5th. Finally, The Goldman Sachs Group increased their price target on Travel + Leisure from $44.00 to $49.00 and gave the company a "neutral" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $55.00.

Insider Activity at Travel + Leisure

In related news, Director George Herrera sold 2,193 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total value of $93,158.64. Following the completion of the sale, the director now owns 6,352 shares in the company, valued at approximately $269,832.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director George Herrera sold 2,193 shares of the business's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total transaction of $93,158.64. Following the sale, the director now directly owns 6,352 shares in the company, valued at approximately $269,832.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Amandine Robin-Caplan sold 3,246 shares of the company's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $41.84, for a total value of $135,812.64. Following the completion of the transaction, the insider now owns 24,491 shares of the company's stock, valued at $1,024,703.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.02% of the company's stock.

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.