Travel + Leisure (NYSE:TNL) Posts Earnings Results

Travel + Leisure (NYSE:TNL) announced its earnings results on Wednesday. The company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.68 by $0.04, Zacks reports. The company had revenue of $971.00 million for the quarter, compared to analysts’ expectations of $958.87 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $1.98 earnings per share.

Travel + Leisure Stock Down 0.2 %

Shares of TNL stock opened at $56.99 on Friday. The stock has a fifty day moving average of $53.05 and a 200 day moving average of $49.38. Travel + Leisure has a 52 week low of $39.91 and a 52 week high of $58.95. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 0.67 and a beta of 1.64.

Analysts Set New Price Targets

TNL has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their target price on Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Morgan Stanley assumed coverage on Travel + Leisure in a research report on Monday, January 6th. They set an “overweight” rating and a $67.00 target price on the stock. Barclays lifted their target price on Travel + Leisure from $48.00 to $54.00 and gave the stock an “underweight” rating in a report on Thursday. Mizuho restated a “neutral” rating and set a $64.00 price target (up from $55.00) on shares of Travel + Leisure in a report on Thursday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $62.00.

Insider Buying and Selling at Travel + Leisure

In related news, insider Geoffrey Richards sold 9,400 shares of Travel + Leisure stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $56.56, for a total transaction of $531,664.00. Following the sale, the insider now directly owns 111,202 shares in the company, valued at $6,289,585.12. The trade was a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 4.02% of the company’s stock.

Travel + Leisure Company Profile

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.