Travel + Leisure (NYSE:TNL) Releases Earnings Results, Beats Expectations By $0.12 EPS

Travel + Leisure (NYSE:TNL - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.97 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.12, Briefing.com reports. Travel + Leisure had a negative return on equity of 43.77% and a net margin of 10.59%. The company had revenue of $916.00 million for the quarter, compared to analysts' expectations of $904.54 million. During the same period last year, the firm earned $0.89 earnings per share. Travel + Leisure's quarterly revenue was up 4.2% on a year-over-year basis.

Travel + Leisure Stock Performance

Travel + Leisure stock traded down $0.55 during mid-day trading on Thursday, reaching $45.69. 588,102 shares of the company were exchanged, compared to its average volume of 558,338. The firm's 50-day simple moving average is $45.45 and its two-hundred day simple moving average is $40.45. Travel + Leisure has a twelve month low of $32.10 and a twelve month high of $49.02. The firm has a market cap of $3.26 billion, a PE ratio of 8.59, a price-to-earnings-growth ratio of 1.25 and a beta of 1.63.

Travel + Leisure Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.38%. The ex-dividend date was Wednesday, March 20th. This is a boost from Travel + Leisure's previous quarterly dividend of $0.45. Travel + Leisure's payout ratio is 37.59%.

Insider Activity

In other Travel + Leisure news, insider James J. Savina sold 6,000 shares of the business's stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $47.00, for a total value of $282,000.00. Following the transaction, the insider now directly owns 26,442 shares of the company's stock, valued at approximately $1,242,774. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider James J. Savina sold 6,000 shares of the firm's stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $47.00, for a total value of $282,000.00. Following the completion of the sale, the insider now owns 26,442 shares in the company, valued at $1,242,774. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Kimberly Marshall sold 4,953 shares of Travel + Leisure stock in a transaction that occurred on Sunday, March 10th. The shares were sold at an average price of $45.24, for a total value of $224,073.72. Following the completion of the sale, the insider now directly owns 54,657 shares in the company, valued at approximately $2,472,682.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,922 shares of company stock valued at $1,318,358. Company insiders own 4.02% of the company's stock.

Wall Street Analysts Forecast Growth

TNL has been the subject of several recent analyst reports. Mizuho started coverage on Travel + Leisure in a research note on Tuesday, March 26th. They set a "neutral" rating and a $55.00 target price for the company. Barclays increased their target price 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. Truist Financial upped their price objective on shares of Travel + Leisure from $59.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, March 5th. Jefferies Financial Group upgraded Travel + Leisure from a "hold" rating to a "buy" rating and lifted their target price for the stock from $37.00 to $57.00 in a research report on Tuesday, January 2nd. Finally, JMP Securities started coverage on Travel + Leisure in a research report on Tuesday, February 13th. They issued an "outperform" rating and a $50.00 target price for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $55.86.

Travel + Leisure Company Profile

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.