Travel + Leisure (TNL) to Release Quarterly Earnings on Wednesday

Travel + Leisure (NYSE:TNL - Get Free Report) will announce its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.85 per share for the quarter. Parties interested in registering for the company's conference call can do so using this link.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $1.98 EPS for the quarter, beating the consensus estimate of $1.37 by $0.61. Travel + Leisure had a negative return on equity of 43.77% and a net margin of 10.59%. The firm had revenue of $935.00 million during the quarter, compared to the consensus estimate of $946.56 million. During the same period in the prior year, the business earned $1.30 EPS. The firm's revenue was up 4.0% compared to the same quarter last year. On average, analysts expect Travel + Leisure to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Travel + Leisure Price Performance

Shares of TNL stock traded down $0.21 during midday trading on Wednesday, hitting $43.55. The company had a trading volume of 505,321 shares, compared to its average volume of 538,091. Travel + Leisure has a 52-week low of $32.10 and a 52-week high of $49.02. The company's 50 day simple moving average is $44.97 and its 200 day simple moving average is $40.07. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 8.19, a PEG ratio of 1.20 and a beta of 1.63.

Travel + Leisure Increases Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 4.59%. This is a positive change from Travel + Leisure's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, March 20th. Travel + Leisure's dividend payout ratio (DPR) is 37.59%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TNL. Truist Financial lifted their target price on shares of Travel + Leisure from $59.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, March 5th. Mizuho initiated coverage on Travel + Leisure in a report on Tuesday, March 26th. They issued a "neutral" rating and a $55.00 price objective on the stock. Barclays increased their target price on Travel + Leisure from $37.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 22nd. Jefferies Financial Group raised Travel + Leisure from a "hold" rating to a "buy" rating and raised their price target for the company from $37.00 to $57.00 in a report on Tuesday, January 2nd. Finally, JMP Securities assumed coverage on Travel + Leisure in a report on Tuesday, February 13th. They set an "outperform" rating and a $50.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $53.63.

Insider Transactions at Travel + Leisure

In related news, insider James J. Savina sold 6,000 shares of the business'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 transaction, the insider now 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 available at the SEC website. In related news, Director George Herrera sold 2,969 shares of the firm's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $45.33, for a total transaction of $134,584.77. Following the sale, the director now directly owns 2,193 shares in the company, valued at approximately $99,408.69. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider James J. Savina sold 6,000 shares of the business's stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $47.00, for a total transaction of $282,000.00. Following the completion of the transaction, the insider now owns 26,442 shares in the company, valued at approximately $1,242,774. The disclosure for this sale can be found here. Insiders sold 28,922 shares of company stock valued at $1,318,358 in the last 90 days. 4.02% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TNL. BlackRock Inc. raised its stake in shares of Travel + Leisure by 13.9% in the 1st quarter. BlackRock Inc. now owns 9,806,796 shares of the company's stock valued at $568,206,000 after purchasing an additional 1,197,611 shares in the last quarter. Millennium Management LLC raised its stake in Travel + Leisure by 508.3% during the fourth quarter. Millennium Management LLC now owns 1,058,035 shares of the company's stock valued at $38,512,000 after buying an additional 884,116 shares in the last quarter. Norges Bank acquired a new position in shares of Travel + Leisure in the 4th quarter worth approximately $29,933,000. Invesco Ltd. increased its holdings in shares of Travel + Leisure by 11.8% in the 1st quarter. Invesco Ltd. now owns 6,057,641 shares of the company's stock valued at $350,980,000 after acquiring an additional 636,968 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Travel + Leisure by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 10,722,330 shares of the company's stock valued at $419,136,000 after acquiring an additional 466,640 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company's stock.

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.