Travel + Leisure (NYSE:TNL – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.08, Briefing.com reports. The firm had revenue of $993.00 million during the quarter, compared to analyst estimates of $1.01 billion. Travel + Leisure had a net margin of 11.35% and a negative return on equity of 46.63%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $1.54 EPS.
Travel + Leisure Price Performance
TNL opened at $47.51 on Friday. Travel + Leisure has a 1 year low of $32.26 and a 1 year high of $49.91. The stock has a 50-day moving average price of $44.66 and a 200-day moving average price of $44.63. The firm has a market cap of $3.39 billion, a PE ratio of 8.75, a P/E/G ratio of 0.62 and a beta of 1.62.
Travel + Leisure Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.00 annualized dividend and a dividend yield of 4.21%. Travel + Leisure’s payout ratio is presently 36.83%.
Insider Buying and Selling at Travel + Leisure
Analysts Set New Price Targets
Several analysts have issued reports on the stock. Barclays upped their price target on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. The Goldman Sachs Group lifted their target price on shares of Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Finally, Tigress Financial upped their price objective on shares of Travel + Leisure from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Travel + Leisure currently has an average rating of “Moderate Buy” and a consensus target price of $55.00.
Read Our Latest Research Report on TNL
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.
Read More
- Five stocks we like better than Travel + Leisure
- Stock Sentiment Analysis: How it Works
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- What is the Shanghai Stock Exchange Composite Index?
- MarketBeat Week in Review – 10/21- 10/25
- Russell 2000 Index, How Investors Use it For Profitable Trading
- Texas Roadhouse Stock Steering for New Highs This Year
Receive News & Ratings for Travel + Leisure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travel + Leisure and related companies with MarketBeat.com's FREE daily email newsletter.