Travel + Leisure (TNL) Set to Announce Earnings on Thursday

Travel + Leisure (NYSE:TNL – Get Rating) will be issuing its quarterly earnings data before the market opens on Thursday, July 28th. Analysts expect the company to announce earnings of $1.20 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 Rating) last announced its quarterly earnings data on Thursday, April 28th. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.04). Travel + Leisure had a negative return on equity of 40.92% and a net margin of 9.98%. The firm had revenue of $809.00 million during the quarter, compared to the consensus estimate of $772.11 million. During the same period last year, the company earned $0.39 EPS. The firm’s revenue for the quarter was up 28.8% 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 Stock Up 1.5 %

Shares of NYSE:TNL opened at $44.45 on Thursday. Travel + Leisure has a 52-week low of $37.67 and a 52-week high of $63.19. The stock has a market cap of $3.80 billion, a P/E ratio of 11.76 and a beta of 1.73. The business’s 50 day moving average is $44.69 and its 200 day moving average is $51.70.

Travel + Leisure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, June 14th. This represents a $1.60 annualized dividend and a yield of 3.60%. Travel + Leisure’s dividend payout ratio (DPR) is presently 42.33%.

Wall Street Analysts Forecast Growth

TNL has been the topic of several recent research reports. Jefferies Financial Group raised Travel + Leisure from a “hold” rating to a “buy” rating and increased their target price for the company from $62.00 to $79.00 in a research report on Friday, April 29th. Barclays initiated coverage on Travel + Leisure in a research report on Tuesday, June 28th. They set an “equal weight” rating on the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.60.

Insider Activity

In other news, insider James J. Savina sold 5,500 shares of the stock in a transaction on Friday, April 29th. The stock was sold at an average price of $57.19, for a total transaction of $314,545.00. Following the completion of the sale, the insider now owns 13,659 shares in the company, valued at approximately $781,158.21. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.07% of the company’s stock.

Institutional Trading of Travel + Leisure

Several hedge funds and other institutional investors have recently made changes to their positions in TNL. Penserra Capital Management LLC purchased a new stake in shares of Travel + Leisure during the 1st quarter valued at $31,000. Lazard Asset Management LLC purchased a new stake in shares of Travel + Leisure during the 1st quarter valued at $34,000. First Manhattan Co. purchased a new stake in shares of Travel + Leisure during the 1st quarter valued at $225,000. Beacon Pointe Advisors LLC purchased a new stake in shares of Travel + Leisure during the 1st quarter valued at $230,000. Finally, Virtu Financial LLC purchased a new position in Travel + Leisure in the 1st quarter worth $238,000. Hedge funds and other institutional investors own 87.70% of the company’s stock.

About Travel + Leisure

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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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