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

Travel + Leisure (NYSE:TNL) is scheduled to 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. Investors interested in participating in the company’s conference call can do so using this link.

Travel + Leisure (NYSE:TNL) last issued 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 company had revenue of $935.00 million for the quarter, compared to analyst estimates of $946.56 million. During the same period last year, the company earned $1.30 earnings per share. Travel + Leisure’s quarterly 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 Trading Down 1.2 %

Shares of TNL opened at $43.76 on Wednesday. The firm has a market cap of $3.12 billion, a P/E ratio of 8.23, a PEG ratio of 1.20 and a beta of 1.63. The stock’s 50 day moving average is $44.97 and its two-hundred day moving average is $40.07. Travel + Leisure has a 12 month low of $32.10 and a 12 month high of $49.02.

Travel + Leisure Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.57%. The ex-dividend date was Wednesday, March 20th. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.45. Travel + Leisure’s dividend payout ratio (DPR) is 37.59%.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, 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 transaction of $224,073.72. Following the sale, the insider now owns 54,657 shares of the company’s stock, valued at approximately $2,472,682.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider James J. Savina sold 15,000 shares of Travel + Leisure stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $45.18, for a total value of $677,700.00. Following the completion of the sale, the insider now owns 15,860 shares in the company, valued at approximately $716,554.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 transaction of $224,073.72. Following the completion of the sale, the insider now owns 54,657 shares of the company’s stock, valued at approximately $2,472,682.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,922 shares of company stock valued at $1,318,358. 4.02% of the stock is currently owned by company insiders.

Institutional Trading of Travel + Leisure

Several institutional investors have recently added to or reduced their stakes in TNL. Cetera Advisor Networks LLC grew its stake in shares of Travel + Leisure by 3.7% in the first quarter. Cetera Advisor Networks LLC now owns 6,652 shares of the company’s stock worth $385,000 after acquiring an additional 235 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Travel + Leisure by 39.4% in the first quarter. MetLife Investment Management LLC now owns 58,299 shares of the company’s stock worth $3,378,000 after acquiring an additional 16,478 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Travel + Leisure by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 31,627 shares of the company’s stock worth $1,832,000 after acquiring an additional 3,015 shares in the last quarter. BlackRock Inc. grew its stake in shares of Travel + Leisure by 13.9% in the first quarter. BlackRock Inc. now owns 9,806,796 shares of the company’s stock worth $568,206,000 after acquiring an additional 1,197,611 shares in the last quarter. Finally, Yousif Capital Management LLC grew its stake in shares of Travel + Leisure by 1.7% in the first quarter. Yousif Capital Management LLC now owns 47,819 shares of the company’s stock worth $2,771,000 after acquiring an additional 819 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

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.