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. Investors that are interested in participating in the company’s conference call can do so using this link.

Travel + Leisure Trading Up 0.2 %

Shares of TNL stock opened at $55.25 on Wednesday. The firm’s 50 day moving average is $52.74 and its 200 day moving average is $48.87. The stock has a market capitalization of $3.78 billion, a P/E ratio of 9.38, a PEG ratio of 0.66 and a beta of 1.64. Travel + Leisure has a 12 month low of $39.78 and a 12 month high of $57.62.

Insiders Place Their Bets

In other Travel + Leisure news, insider Geoffrey Richards sold 9,400 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $56.56, for a total value of $531,664.00. Following the transaction, the insider now owns 111,202 shares in the company, valued at approximately $6,289,585.12. The trade was a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Bank of America raised Travel + Leisure from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $40.00 to $60.00 in a report on Monday, January 27th. Stifel Nicolaus raised their target price on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Tigress Financial raised their price objective on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Truist Financial upped their target price on shares of Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Morgan Stanley assumed coverage on Travel + Leisure in a research report on Monday, January 6th. They set an “overweight” rating and a $67.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.55.

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.