Travel + Leisure (TNL) Scheduled to Post Quarterly Earnings on Wednesday

Posted by Defense World Staff on Jul 19th, 2023

Travel + Leisure (NYSE:TNL – Get Free Report) is set to issue its quarterly earnings data before the market opens on Wednesday, July 26th. Analysts expect the company to announce earnings of $1.35 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Travel + Leisure (NYSE:TNL – Get Free Report) last issued its quarterly earnings results on Wednesday, April 26th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. Travel + Leisure had a negative return on equity of 43.00% and a net margin of 10.17%. The business had revenue of $879.00 million for the quarter, compared to the consensus estimate of $840.65 million. During the same quarter in the previous year, the company posted $0.69 earnings per share. Travel + Leisure’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, analysts expect Travel + Leisure to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Travel + Leisure Trading Up 3.3 %

Shares of TNL stock opened at $43.37 on Wednesday. Travel + Leisure has a 1-year low of $33.57 and a 1-year high of $48.12. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 9.70, a P/E/G ratio of 0.38 and a beta of 1.67. The stock’s fifty day simple moving average is $39.34 and its 200-day simple moving average is $39.58.

Travel + Leisure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were issued a dividend of $0.45 per share. The ex-dividend date was Wednesday, June 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.15%. Travel + Leisure’s dividend payout ratio is 40.27%.

Insider Activity at Travel + Leisure

In related news, insider Olivier Chavy sold 7,900 shares of Travel + Leisure stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $38.02, for a total transaction of $300,358.00. Following the completion of the sale, the insider now owns 4,511 shares of the company’s stock, valued at $171,508.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Travel + Leisure news, insider Olivier Chavy sold 7,900 shares of the business’s stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $38.02, for a total value of $300,358.00. Following the completion of the sale, the insider now owns 4,511 shares of the company’s stock, valued at $171,508.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Thomas Michael Duncan sold 3,000 shares of the business’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $40.92, for a total value of $122,760.00. Following the completion of the sale, the chief accounting officer now directly owns 17,271 shares of the company’s stock, valued at approximately $706,729.32. The disclosure for this sale can be found here. Insiders own 2.84% of the company’s stock.

Institutional Trading of Travel + Leisure

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cetera Advisor Networks LLC lifted its position in shares of Travel + Leisure by 3.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 6,652 shares of the company’s stock worth $385,000 after purchasing an additional 235 shares during the last quarter. LPL Financial LLC lifted its position in shares of Travel + Leisure by 0.7% during the 2nd quarter. LPL Financial LLC now owns 34,634 shares of the company’s stock worth $1,344,000 after purchasing an additional 236 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Travel + Leisure by 3.8% during the 1st quarter. Prudential Financial Inc. now owns 7,157 shares of the company’s stock worth $414,000 after purchasing an additional 259 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of Travel + Leisure by 11.3% during the 4th quarter. Lazard Asset Management LLC now owns 3,254 shares of the company’s stock worth $118,000 after purchasing an additional 331 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its position in shares of Travel + Leisure by 3.4% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 10,684 shares of the company’s stock worth $365,000 after purchasing an additional 354 shares during the last quarter. Institutional investors and hedge funds own 87.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on TNL shares. Deutsche Bank Aktiengesellschaft lowered their price target on Travel + Leisure from $69.00 to $62.00 in a report on Thursday, April 27th. Bank of America assumed coverage on Travel + Leisure in a research report on Monday, April 17th. They set an “underperform” rating and a $42.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $50.43.

About Travel + Leisure

(Get Free Report)

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and 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.