Travel + Leisure (NYSE:TNL) Announces Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Travel + Leisure (NYSE:TNL) released its quarterly earnings results on Wednesday. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.31 by $0.14, Zacks reports. Travel + Leisure had a negative return on equity of 47.77% and a net margin of 5.74%.The business had revenue of $961.00 million for the quarter, compared to analysts’ expectations of $954.81 million. During the same quarter in the previous year, the firm posted $1.11 earnings per share. The company’s revenue was up 2.9% compared to the same quarter last year.

Here are the key takeaways from Travel + Leisure’s conference call:

• Travel + Leisure reported a strong Q1, with EBITDA of $225M, EPS up 31%, and is reaffirming full-year 2026 guidance, signaling confidence in execution and outlook.
• The Vacation Ownership segment showed resilience with 7% gross VOI sales growth, VPG up to $3,321, and a 20% increase in segment EBITDA driven by operating leverage and inventory efficiency.
• Multi-brand expansion is gaining traction—Margaritaville nearing $150M annual VOI sales, Accor expected to nearly double VOI sales in 2026, and Eddie Bauer/Sports Illustrated launches contributing to a combined ~10% of sales mix this year.
• Capital allocation remains shareholder-friendly: the company returned $128M in the quarter (dividend +7% and 1.2M shares repurchased), maintains ~$1B of liquidity, and completed a $325M ABS at a 5.1% coupon.
• Management flagged early-stage delinquencies in recent loan vintages; although they expect full-year provision modestly below prior year, this credit wobble could pressure provisions if it persists.

Travel + Leisure Stock Down 0.4%

Shares of NYSE:TNL traded down $0.27 on Thursday, reaching $65.51. 135,003 shares of the company’s stock were exchanged, compared to its average volume of 674,372. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 0.58 and a beta of 1.32. Travel + Leisure has a fifty-two week low of $42.40 and a fifty-two week high of $81.00. The business’s 50-day moving average is $72.78 and its two-hundred day moving average is $69.61.

Travel + Leisure Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.7%. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Friday, March 20th. Travel + Leisure’s dividend payout ratio is currently 70.38%.

Key Headlines Impacting Travel + Leisure

Here are the key news stories impacting Travel + Leisure this week:

• Positive Sentiment: Q1 beat — TNL reported $1.45 EPS vs. $1.31 consensus and revenue of $961M (above estimates), showing underlying operating strength for the quarter. Business Wire: Q1 Results
• Positive Sentiment: Management tone — the Q1 earnings call struck an upbeat/confident tone on earnings outlook and execution, which management says supports its guidance. TipRanks: Confident Earnings Outlook
• Positive Sentiment: Capital returns — TNL continues shareholder-friendly actions (roughly 3.5% dividend yield and aggressive buybacks, ~5.5% reduction in share count YoY), which supports EPS and shareholder value over time. Seeking Alpha: Delinquency Fears Overdone
• Neutral Sentiment: Key metrics context — analysts and commentary (Zacks) break down metrics vs. estimates and prior-year figures; revenue up modestly (+2.9% YoY) and margins remain compressed versus historical norms. Useful for modeling but not immediately directional. Zacks: Q1 Metrics
• Negative Sentiment: Delinquency worries — investors flagged early-stage delinquencies in recent loan vintages; that concern triggered a sharp intraday sell-off despite the beat, as markets debate potential credit losses and reserve build needs. Monitor delinquency trends and vintage performance. Seeking Alpha: Delinquency Concerns

Insiders Place Their Bets

In other Travel + Leisure news, insider Michael Dean Brown sold 9,443 shares of the stock in a transaction on Friday, April 17th. The shares were sold at an average price of $79.11, for a total transaction of $747,035.73. Following the sale, the insider directly owned 487,303 shares of the company’s stock, valued at approximately $38,550,540.33. This represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amandine Robin-Caplan sold 3,904 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $74.61, for a total value of $291,277.44. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 121,738 shares of company stock valued at $9,136,054. Company insiders own 4.01% of the company’s stock.

Institutional Investors Weigh In On Travel + Leisure

Large investors have recently added to or reduced their stakes in the stock. Danske Bank A S acquired a new stake in Travel + Leisure in the third quarter worth $30,000. Geneos Wealth Management Inc. increased its position in Travel + Leisure by 293.0% in the first quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after buying an additional 715 shares during the period. Advisory Services Network LLC acquired a new stake in Travel + Leisure in the third quarter worth $112,000. Kestra Advisory Services LLC acquired a new stake in Travel + Leisure in the fourth quarter worth $161,000. Finally, Empowered Funds LLC acquired a new stake in Travel + Leisure in the 4th quarter valued at approximately $170,000. 87.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TNL has been the topic of several recent analyst reports. Mizuho cut their price target on Travel + Leisure from $107.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday. Citigroup reiterated an “outperform” rating on shares of Travel + Leisure in a research note on Thursday, February 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $90.00 price target on shares of Travel + Leisure in a research note on Friday, February 20th. Stifel Nicolaus set a $89.00 price target on Travel + Leisure in a research note on Wednesday, February 18th. Finally, Wall Street Zen upgraded Travel + Leisure from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.20.

Travel + Leisure Company Profile

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.