Equities research analysts predict that Travel + Leisure Co. (NYSE:TNL – Get Rating) will report earnings per share of $1.20 for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Travel + Leisure’s earnings, with the highest EPS estimate coming in at $1.28 and the lowest estimate coming in at $1.14. Travel + Leisure posted earnings per share of $0.88 in the same quarter last year, which suggests a positive year over year growth rate of 36.4%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Travel + Leisure will report full-year earnings of $4.54 per share for the current fiscal year, with EPS estimates ranging from $4.35 to $4.71. For the next year, analysts expect that the company will report earnings of $5.71 per share, with EPS estimates ranging from $5.25 to $6.08. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Travel + Leisure.
Travel + Leisure (NYSE:TNL – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.03). The firm had revenue of $809.00 million for the quarter, compared to analyst estimates of $772.11 million. Travel + Leisure had a net margin of 9.98% and a negative return on equity of 40.92%. Travel + Leisure’s revenue for the quarter was up 28.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 EPS.
Separately, Jefferies Financial Group raised Travel + Leisure from a “hold” rating to a “buy” rating and lifted their price objective for the company from $62.00 to $79.00 in a research report on Friday, April 29th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $74.00.
In other news, Director George Herrera sold 2,189 shares of Travel + Leisure stock in a transaction dated Friday, March 18th. The stock was sold at an average price of $58.50, for a total value of $128,056.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider James J. Savina sold 5,500 shares of Travel + Leisure stock in a transaction dated Friday, April 29th. The stock was sold at an average price of $57.19, for a total value of $314,545.00. Following the completion of the transaction, the insider now owns 13,659 shares in the company, valued at $781,158.21. The disclosure for this sale can be found here. 2.07% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of TNL. BlackRock Inc. increased its stake in Travel + Leisure by 13.9% during the first quarter. BlackRock Inc. now owns 9,806,796 shares of the company’s stock valued at $568,206,000 after acquiring an additional 1,197,611 shares during the period. Vanguard Group Inc. increased its stake in Travel + Leisure by 1.2% during the first quarter. Vanguard Group Inc. now owns 8,770,347 shares of the company’s stock valued at $508,154,000 after acquiring an additional 108,258 shares during the period. Invesco Ltd. increased its stake in Travel + Leisure by 11.8% during the first 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 period. Boston Partners increased its stake in Travel + Leisure by 25.2% during the first quarter. Boston Partners now owns 4,068,039 shares of the company’s stock valued at $234,757,000 after acquiring an additional 817,795 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Travel + Leisure by 0.8% during the first quarter. Principal Financial Group Inc. now owns 3,403,622 shares of the company’s stock valued at $197,206,000 after acquiring an additional 27,474 shares during the period. Institutional investors and hedge funds own 87.70% of the company’s stock.
TNL traded down $1.64 during trading on Thursday, reaching $49.52. 23,545 shares of the stock traded hands, compared to its average volume of 697,580. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of 13.11 and a beta of 1.67. Travel + Leisure has a fifty-two week low of $45.44 and a fifty-two week high of $64.56. The stock’s 50-day simple moving average is $51.93 and its two-hundred day simple moving average is $53.88.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be given a $0.40 dividend. The ex-dividend date is Tuesday, June 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.23%. Travel + Leisure’s dividend payout ratio is currently 42.33%.
About Travel + Leisure (Get Rating)
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; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.
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