Travel + Leisure (NYSE:TNL) Announces Earnings Results

Travel + Leisure (NYSE:TNLGet Free Report) posted its quarterly earnings data on Wednesday. The company reported $1.88 EPS for the quarter, hitting analysts’ consensus estimates of $1.88, FiscalAI reports. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 5.85%.The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion.

Travel + Leisure Trading Up 1.1%

NYSE TNL opened at $73.35 on Wednesday. Travel + Leisure has a 12 month low of $56.66 and a 12 month high of $81.00. The stock has a 50-day simple moving average of $71.86 and a 200 day simple moving average of $71.64. The company has a market capitalization of $4.58 billion, a PE ratio of 20.60, a P/E/G ratio of 0.55 and a beta of 1.16.

Travel + Leisure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, June 12th. Travel + Leisure’s dividend payout ratio is currently 67.42%.

Insider Buying and Selling

In related news, insider Kimberly Marshall sold 28,000 shares of Travel + Leisure stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $70.17, for a total transaction of $1,964,760.00. Following the transaction, the insider owned 33,191 shares of the company’s stock, valued at $2,329,012.47. This trade represents a 45.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George Herrera sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $75.16, for a total transaction of $37,580.00. Following the transaction, the director owned 1,353 shares of the company’s stock, valued at approximately $101,691.48. This represents a 26.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 31,000 shares of company stock valued at $2,161,915 over the last 90 days. 4.01% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Travel + Leisure

Several institutional investors and hedge funds have recently made changes to their positions in TNL. Maryland State Retirement & Pension System acquired a new stake in Travel + Leisure during the 4th quarter worth $217,000. Panagora Asset Management Inc. acquired a new position in Travel + Leisure in the fourth quarter valued at about $212,000. First Citizens Bank & Trust Co. bought a new stake in shares of Travel + Leisure in the fourth quarter worth about $208,000. United Services Automobile Association acquired a new stake in shares of Travel + Leisure during the first quarter worth about $206,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Travel + Leisure by 14.8% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,151 shares of the company’s stock worth $187,000 after purchasing an additional 407 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on TNL shares. Wall Street Zen cut Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Wells Fargo & Company lowered their price objective on shares of Travel + Leisure from $88.00 to $87.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. Morgan Stanley boosted their target price on shares of Travel + Leisure from $78.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. The Goldman Sachs Group upgraded Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Monday, June 1st. Finally, Mizuho decreased their price target on Travel + Leisure from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $85.90.

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About Travel + Leisure

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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.

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Earnings History for Travel + Leisure (NYSE:TNL)

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