Travel & Leisure Q1 EPS Up 31% on $961M Revenue, CFO Buys 1,000 Shares
Travel & Leisure Co. posted Q1 earnings of $1.45 per share on $961 million revenue, a 31% EPS increase year-over-year, yet its stock fell 13%. CFO Hoag Erik D purchased 1,000 shares at $65.67 each, as the company highlights robust underwriting and returned $128 million via dividends and buybacks.
1. Strong Q1 Financial Performance
Travel & Leisure Co. reported Q1 EPS of $1.45, beating estimates of $1.31 and up 31% year-on-year on $961 million revenue.
2. Stock Decline and Delinquency Concerns
Shares dropped 13% following concerns over early-stage loan delinquencies among recent borrowers, though average FICO scores remain high and underwriting standards are unchanged.
3. CFO Insider Purchase Signals Confidence
On April 23, CFO Hoag Erik D acquired 1,000 shares at $65.67 each, marking his full holding in the company and signaling confidence after the pullback.
4. Robust Shareholder Return Programs
The company returned $128 million in Q1 through $41 million in dividends and $87 million in share repurchases, reducing outstanding shares by 5.5% year-over-year.