Travel + Leisure (NYSE:TNL – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13, Briefing.com reports. The business had revenue of $985.00 million for the quarter, compared to the consensus estimate of $987.20 million. Travel + Leisure had a net margin of 11.35% and a negative return on equity of 45.86%. Travel + Leisure’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.33 EPS.
Travel + Leisure Stock Performance
Shares of NYSE:TNL traded up $0.50 during midday trading on Friday, reaching $45.76. 290,178 shares of the company’s stock were exchanged, compared to its average volume of 566,438. The company’s 50 day simple moving average is $44.87 and its two-hundred day simple moving average is $44.19. The firm has a market capitalization of $3.26 billion, a PE ratio of 8.46, a price-to-earnings-growth 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 business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.00 annualized dividend and a yield of 4.37%. Travel + Leisure’s dividend payout ratio is 36.83%.
Analysts Set New Price Targets
Read Our Latest Research Report on Travel + Leisure
About Travel + Leisure
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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