Travel + Leisure (TNL) to Release Earnings on Wednesday

Travel + Leisure (NYSE:TNL - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $1.12 per share and revenue of $933.08 million for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.68 by $0.04. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The company had revenue of $971.00 million during the quarter, compared to analyst estimates of $958.87 million. During the same quarter in the previous year, the company posted $1.98 EPS. Travel + Leisure's revenue for the quarter was up 3.9% on a year-over-year basis. On average, analysts expect Travel + Leisure to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Travel + Leisure Price Performance

Travel + Leisure stock traded up $0.41 during trading hours on Friday, reaching $41.42. The company had a trading volume of 684,900 shares, compared to its average volume of 624,257. Travel + Leisure has a 12-month low of $37.77 and a 12-month high of $58.95. The company has a 50-day moving average price of $48.81 and a 200 day moving average price of $50.64. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 7.09, a P/E/G ratio of 0.67 and a beta of 1.40.

Travel + Leisure Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 5.41%. This is an increase from Travel + Leisure's previous quarterly dividend of $0.50. The ex-dividend date was Monday, March 17th. Travel + Leisure's payout ratio is presently 38.36%.

Wall Street Analyst Weigh In

TNL has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of Travel + Leisure from $48.00 to $54.00 and gave the stock an "underweight" rating in a report on Thursday, February 20th. The Goldman Sachs Group reduced their price target on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Tigress Financial lifted their price objective on Travel + Leisure from $64.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Mizuho restated a "neutral" rating and set a $64.00 target price (up previously from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. Finally, Truist Financial raised their price target on Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Travel + Leisure currently has an average rating of "Moderate Buy" and a consensus target price of $62.20.

Insider Buying and Selling

In related news, Director George Herrera sold 6,336 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total transaction of $296,524.80. Following the sale, the director now directly owns 2,759 shares of the company's stock, valued at approximately $129,121.20. This represents a 69.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael Dean Brown bought 2,000 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of $46.66 per share, with a total value of $93,320.00. Following the completion of the acquisition, the insider now directly owns 408,706 shares of the company's stock, valued at approximately $19,070,221.96. The trade was a 0.49 % increase in their position. The disclosure for this purchase can be found here. 4.02% of the stock is owned by company insiders.

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.