Travel + Leisure (NYSE:TNL – Get Free Report) announced its earnings results on Wednesday. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.13, Briefing.com reports. Travel + Leisure had a net margin of 11.35% and a negative return on equity of 45.86%. The company had revenue of $985.00 million for the quarter, compared to analysts’ expectations of $987.20 million. During the same quarter in the previous year, the company posted $1.33 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis.
Travel + Leisure Stock Performance
Shares of TNL stock traded up $0.50 during mid-day trading on Friday, hitting $45.76. 290,178 shares of the stock were exchanged, compared to its average volume of 566,438. The stock’s fifty day simple moving average is $44.87 and its two-hundred day simple moving average is $44.19. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 8.46, a P/E/G ratio of 2.49 and a beta of 1.63. Travel + Leisure has a 12-month low of $32.10 and a 12-month high of $49.91.
Travel + Leisure Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend was Friday, June 14th. Travel + Leisure’s payout ratio is 36.83%.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on TNL
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.
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