Analysts forecast that Travel + Leisure Co. (NYSE:TNL – Get Rating) will report sales of $913.83 million for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Travel + Leisure’s earnings. The lowest sales estimate is $872.00 million and the highest is $970.00 million. Travel + Leisure reported sales of $797.00 million in the same quarter last year, which indicates a positive year over year growth rate of 14.7%. The company is scheduled to announce its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Travel + Leisure will report full-year sales of $3.57 billion for the current financial year, with estimates ranging from $3.48 billion to $3.70 billion. For the next fiscal year, analysts expect that the company will report sales of $3.97 billion, with estimates ranging from $3.83 billion to $4.09 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Travel + Leisure.
Travel + Leisure (NYSE:TNL – Get Rating) last released its earnings results on Thursday, April 28th. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.03). Travel + Leisure had a negative return on equity of 36.08% and a net margin of 9.86%. The company had revenue of $809.00 million during the quarter, compared to analysts’ expectations of $772.11 million. During the same period in the prior year, the company posted $0.39 earnings per share. The company’s revenue was up 28.8% on a year-over-year basis.
A number of equities research analysts have recently commented on TNL shares. Jefferies Financial Group raised Travel + Leisure from a “hold” rating to a “buy” rating and increased their target price for the stock from $62.00 to $79.00 in a research note on Friday. Zacks Investment Research cut Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Thursday, January 20th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Travel + Leisure currently has a consensus rating of “Buy” and an average target price of $74.00.
In other Travel + Leisure news, insider Geoffrey Richards sold 13,000 shares of the stock in a transaction dated Wednesday, February 9th. The stock was sold at an average price of $60.47, for a total value of $786,110.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director George Herrera sold 2,189 shares of the stock in a transaction dated Friday, March 18th. The shares were sold at an average price of $58.50, for a total value of $128,056.50. The disclosure for this sale can be found here. 2.07% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC raised its stake in shares of Travel + Leisure by 633.4% in the first quarter. SG Americas Securities LLC now owns 61,617 shares of the company’s stock worth $3,570,000 after buying an additional 53,216 shares during the period. Gladius Capital Management LP raised its stake in shares of Travel + Leisure by 12.2% in the first quarter. Gladius Capital Management LP now owns 3,531 shares of the company’s stock worth $205,000 after buying an additional 385 shares during the period. Compagnie Lombard Odier SCmA bought a new position in shares of Travel + Leisure in the first quarter worth about $49,000. Counterpoint Mutual Funds LLC bought a new position in shares of Travel + Leisure in the first quarter worth about $25,000. Finally, Chartwell Investment Partners LLC bought a new position in shares of Travel + Leisure in the first quarter worth about $1,364,000. 87.23% of the stock is currently owned by hedge funds and other institutional investors.
NYSE TNL opened at $55.48 on Friday. Travel + Leisure has a 12 month low of $46.10 and a 12 month high of $66.56. The stock has a market cap of $4.76 billion, a P/E ratio of 14.68 and a beta of 1.75. The stock’s fifty day moving average price is $54.71 and its 200-day moving average price is $54.82.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Tuesday, March 15th were given a dividend of $0.40 per share. The ex-dividend date was Monday, March 14th. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a dividend yield of 2.88%. Travel + Leisure’s dividend payout ratio (DPR) is 42.33%.
Travel + Leisure Company Profile (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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