Travel + Leisure Co. (NYSE:TNL) Expected to Post Quarterly Sales of $578.57 Million

Analysts forecast that Travel + Leisure Co. (NYSE:TNL) will announce $578.57 million in sales for the current quarter, Zacks reports. Six analysts have issued estimates for Travel + Leisure’s earnings, with estimates ranging from $556.97 million to $605.00 million. Travel + Leisure posted sales of $558.00 million in the same quarter last year, which suggests a positive year over year growth rate of 3.7%. The business is expected to announce its next earnings report before the market opens on Wednesday, May 5th.

On average, analysts expect that Travel + Leisure will report full year sales of $2.91 billion for the current financial year, with estimates ranging from $2.78 billion to $3.15 billion. For the next year, analysts forecast that the firm will report sales of $3.53 billion, with estimates ranging from $3.42 billion to $3.68 billion. Zacks’ sales averages are a mean average based on a survey of research firms that cover Travel + Leisure.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, February 24th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.29). The business had revenue of $645.00 million for the quarter, compared to analysts’ expectations of $637.86 million. The firm’s revenue for the quarter was down 34.3% compared to the same quarter last year. During the same period last year, the firm earned $1.58 earnings per share.

TNL has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Travel + Leisure from a “sell” rating to a “hold” rating in a research note on Tuesday, March 23rd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Travel + Leisure from $63.00 to $69.00 in a research report on Thursday, February 25th. Truist boosted their price target on shares of Travel + Leisure from $62.00 to $74.00 in a research report on Friday, March 5th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Travel + Leisure from $66.00 to $71.00 and gave the stock an “overweight” rating in a research report on Monday, March 15th.

In related news, Director Stephen P. Holmes sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, March 1st. The shares were sold at an average price of $60.58, for a total value of $1,514,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director George Herrera sold 2,159 shares of the business’s stock in a transaction that occurred on Wednesday, March 10th. The stock was sold at an average price of $62.62, for a total transaction of $135,196.58. The disclosure for this sale can be found here. Insiders have sold a total of 62,591 shares of company stock worth $3,745,499 over the last 90 days.

A hedge fund recently bought a new stake in Travel + Leisure stock. Pacer Advisors Inc. bought a new position in Travel + Leisure Co. (NYSE:TNL) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 9,160 shares of the company’s stock, valued at approximately $560,000.

Travel + Leisure stock traded down $1.00 during midday trading on Monday, reaching $63.56. 400 shares of the stock traded hands, compared to its average volume of 726,637. Travel + Leisure has a fifty-two week low of $20.38 and a fifty-two week high of $65.54.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Monday, March 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.89%.

About Travel + Leisure

Travel + Leisure Co provides hospitality services and products in the United States and internationally. The company operates in two segments, Vacation Ownership and Vacation Exchange. 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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