Wall Street analysts predict that Travel + Leisure Co. (NYSE:TNL – Get Rating) will announce sales of $775.93 million for the current quarter, according to Zacks. Six analysts have made estimates for Travel + Leisure’s earnings, with the highest sales estimate coming in at $794.00 million and the lowest estimate coming in at $740.56 million. Travel + Leisure posted sales of $628.00 million in the same quarter last year, which suggests a positive year over year growth rate of 23.6%. The company is expected to issue its next earnings results before the market opens 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 forecast that the business will report sales of $3.97 billion, with estimates ranging from $3.83 billion to $4.09 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Travel + Leisure.
Travel + Leisure (NYSE:TNL – Get Rating) last posted its quarterly earnings results on Wednesday, February 23rd. The company reported $1.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.22. Travel + Leisure had a negative return on equity of 36.08% and a net margin of 9.86%. The firm had revenue of $870.00 million for the quarter, compared to the consensus estimate of $788.19 million. During the same period in the previous year, the business earned $0.32 earnings per share. The company’s revenue for the quarter was up 34.9% compared to the same quarter last year.
Separately, Zacks Investment Research downgraded Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Thursday, January 20th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $71.00.
Travel + Leisure stock traded up $2.22 during mid-day trading on Friday, reaching $52.53. The company had a trading volume of 5,814 shares, compared to its average volume of 835,144. The business’s 50-day simple moving average is $55.99. The company has a market cap of $4.50 billion, a P/E ratio of 14.29 and a beta of 1.75. Travel + Leisure has a 1 year low of $46.10 and a 1 year high of $68.26.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Tuesday, March 15th were given a $0.40 dividend. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, March 14th. This represents a $1.60 annualized dividend and a yield of 3.05%. Travel + Leisure’s dividend payout ratio (DPR) is 45.45%.
In other news, insider Geoffrey Richards sold 13,000 shares of the company’s stock in a transaction dated Wednesday, February 9th. The shares were sold at an average price of $60.47, for a total value of $786,110.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 disclosure for this sale can be found here. 1.93% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of the business. Capital Analysts LLC lifted its stake in Travel + Leisure by 80.2% in the fourth quarter. Capital Analysts LLC now owns 472 shares of the company’s stock valued at $26,000 after buying an additional 210 shares during the last quarter. Carroll Financial Associates Inc. bought a new position in Travel + Leisure in the 4th quarter worth approximately $27,000. Evolution Wealth Advisors LLC increased its position in Travel + Leisure by 140.5% in the 3rd quarter. Evolution Wealth Advisors LLC now owns 606 shares of the company’s stock valued at $33,000 after acquiring an additional 354 shares during the period. Quent Capital LLC bought a new stake in Travel + Leisure during the 4th quarter valued at $36,000. Finally, Dark Forest Capital Management LP acquired a new position in Travel + Leisure during the 3rd quarter worth $40,000. 87.23% of the stock is currently owned by institutional investors.
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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