Travel + Leisure (TNL) Expected to Announce Earnings on Wednesday

Travel + Leisure (NYSE:TNL) will likely be releasing its earnings data before the market opens on Wednesday, February 19th. Analysts expect Travel + Leisure to post earnings of $1.68 per share and revenue of $958.87 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Travel + Leisure Stock Up 0.2 %

NYSE:TNL opened at $55.25 on Wednesday. The firm’s fifty day simple moving average is $52.74 and its 200 day simple moving average is $48.87. The stock has a market cap of $3.78 billion, a P/E ratio of 9.38, a price-to-earnings-growth ratio of 0.66 and a beta of 1.64. Travel + Leisure has a twelve month low of $39.78 and a twelve month high of $57.62.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TNL. Bank of America raised shares of Travel + Leisure from an “underperform” rating to a “buy” rating and lifted their target price for the company from $40.00 to $60.00 in a research note on Monday, January 27th. Barclays lifted their price objective on Travel + Leisure from $41.00 to $48.00 and gave the company an “underweight” rating in a research report on Friday, December 13th. The Goldman Sachs Group increased their target price on Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Tigress Financial increased their price objective on Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $59.55.

Insider Transactions at Travel + Leisure

In other news, insider Geoffrey Richards sold 9,400 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $56.56, for a total transaction of $531,664.00. Following the sale, the insider now owns 111,202 shares in the company, valued at $6,289,585.12. This represents a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.02% of the stock is owned by insiders.

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.