Travel + Leisure Lifts FY21 Outlook

Travel + Leisure Co. (TNL) updated its full year 2021 outlook and reaffirmed its third quarter outlook.

The company now expects adjusted earnings per share for fiscal year 2021 to be in the range of $3.24 to $3.30 compared to the prior outlook of $3.20 to $3.30. Analysts polled by Thomson Reuters expect the company to report earnings of $3.23 per share for fiscal year 2021. Analysts' estimates typically exclude special items.

The company now projects annual adjusted EBITDA to be in the range of $725 million to $735 million compared to the prior outlook of $720 million to $735 million.

For the third quarter, the company affirmed its adjusted EBITDA guidance of $200 million to $210 million.

The company projects adjusted earnings per share to be in the range of $6.10 to $7.30 in 2025, which would represent a compound annual growth rate of 17 to 22 percent over expected 2021 adjusted earnings per share results.

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