Travel + Leisure (NYSE:TNL) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Travel + Leisure (NYSE:TNL) announced its quarterly earnings data on Wednesday. The company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.04, Zacks reports. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%.

Travel + Leisure Trading Up 1.3 %

Shares of TNL traded up $0.75 during mid-day trading on Wednesday, reaching $58.20. 281,987 shares of the stock traded hands, compared to its average volume of 502,831. Travel + Leisure has a 1 year low of $39.91 and a 1 year high of $58.95. The firm has a fifty day moving average price of $52.90 and a 200 day moving average price of $49.26. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 0.65 and a beta of 1.64.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TNL shares. The Goldman Sachs Group increased their price target on Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. lifted their target price on shares of Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Stifel Nicolaus upped their price target on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Tigress Financial raised their price objective on shares of Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Bank of America raised shares of Travel + Leisure from an “underperform” rating to a “buy” rating and boosted their target price for the company from $40.00 to $60.00 in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Travel + Leisure presently has a consensus rating of “Moderate Buy” and an average price target of $60.50.

Insiders Place Their Bets

In other Travel + Leisure news, insider Geoffrey Richards sold 9,400 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $56.56, for a total value of $531,664.00. Following the completion of the transaction, the insider now owns 111,202 shares of the company’s stock, valued at $6,289,585.12. The trade was a 7.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.02% of the company’s stock.

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.