Travel + Leisure Co. to Post Q4 2022 Earnings of $1.26 Per Share, Jefferies Financial Group Forecasts (NYSE:TNL)

Travel + Leisure Co. (NYSE:TNL – Get Rating) – Research analysts at Jefferies Financial Group increased their Q4 2022 EPS estimates for Travel + Leisure in a report released on Friday, July 29th. Jefferies Financial Group analyst D. Katz now expects that the company will post earnings of $1.26 per share for the quarter, up from their previous estimate of $1.13. Jefferies Financial Group has a “Buy” rating and a $79.00 price objective on the stock. The consensus estimate for Travel + Leisure’s current full-year earnings is $4.54 per share. Jefferies Financial Group also issued estimates for Travel + Leisure’s Q1 2023 earnings at $1.25 EPS.

Several other analysts have also issued reports on the stock. Stifel Nicolaus lowered their price target on shares of Travel + Leisure from $76.00 to $61.00 in a research report on Thursday. Barclays assumed coverage on shares of Travel + Leisure in a research report on Tuesday, June 28th. They issued an “equal weight” rating on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.25.

Travel + Leisure Stock Down 2.0 %

NYSE TNL opened at $43.11 on Monday. The company’s 50 day moving average is $44.03 and its 200-day moving average is $51.02. Travel + Leisure has a 12-month low of $37.67 and a 12-month high of $63.19. The firm has a market cap of $3.68 billion, a P/E ratio of 11.40 and a beta of 1.73.

Travel + Leisure (NYSE:TNL – Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.20 by $0.07. Travel + Leisure had a net margin of 9.98% and a negative return on equity of 40.92%. The business had revenue of $922.00 million for the quarter, compared to analyst estimates of $917.86 million. During the same quarter in the previous year, the firm posted $0.88 earnings per share. The company’s revenue for the quarter was up 15.7% on a year-over-year basis.

Travel + Leisure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, June 14th. This represents a $1.60 annualized dividend and a yield of 3.71%. Travel + Leisure’s dividend payout ratio is currently 42.33%.

Hedge Funds Weigh In On Travel + Leisure

Several hedge funds have recently bought and sold shares of the company. Eaton Vance Management grew its stake in Travel + Leisure by 0.6% during the fourth quarter. Eaton Vance Management now owns 35,430 shares of the company’s stock valued at $1,658,000 after acquiring an additional 208 shares in the last quarter. Capital Analysts LLC grew its stake in Travel + Leisure by 80.2% during the fourth quarter. Capital Analysts LLC now owns 472 shares of the company’s stock valued at $26,000 after acquiring an additional 210 shares in the last quarter. Cetera Advisor Networks LLC grew its stake in Travel + Leisure by 3.7% during the first quarter. Cetera Advisor Networks LLC now owns 6,652 shares of the company’s stock valued at $385,000 after acquiring an additional 235 shares in the last quarter. Advisor Partners LLC grew its stake in Travel + Leisure by 4.5% in the 4th quarter. Advisor Partners LLC now owns 5,808 shares of the company’s stock worth $322,000 after buying an additional 248 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in Travel + Leisure by 3.8% in the 1st quarter. Prudential Financial Inc. now owns 7,157 shares of the company’s stock worth $414,000 after buying an additional 259 shares in the last quarter. Hedge funds and other institutional investors own 87.70% of the company’s stock.

Travel + Leisure Company Profile

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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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