Belmond Ltd. (BEL) Expected to Post Quarterly Sales of $168.93 Million
Analysts forecast that Belmond Ltd. (NYSE:BEL) will announce $168.93 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Belmond’s earnings, with estimates ranging from $165.27 million to $172.59 million. Belmond reported sales of $158.10 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.9%. The company is scheduled to report its next earnings report on Wednesday, August 2nd.
On average, analysts expect that Belmond will report full year sales of $168.93 million for the current financial year, with estimates ranging from $564.04 million to $575.62 million. For the next year, analysts expect that the business will post sales of $584.70 million per share, with estimates ranging from $581.32 million to $588.07 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Belmond.
Belmond (NYSE:BEL) last announced its quarterly earnings results on Monday, May 8th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by $0.05. Belmond had a net margin of 3.61% and a return on equity of 1.74%. The business had revenue of $95.40 million during the quarter, compared to analysts’ expectations of $91.83 million.
BEL has been the topic of several analyst reports. Zacks Investment Research raised shares of Belmond from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. BidaskClub raised shares of Belmond from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, Telsey Advisory Group raised shares of Belmond from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $14.00 to $16.00 in a research report on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Belmond presently has an average rating of “Hold” and an average price target of $14.60.
Hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its stake in Belmond by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 9,330 shares of the company’s stock valued at $112,000 after buying an additional 190 shares in the last quarter. A.R.T. Advisors LLC bought a new stake in Belmond during the fourth quarter valued at approximately $149,000. KCG Holdings Inc. bought a new stake in Belmond during the first quarter valued at approximately $198,000. BNP Paribas Arbitrage SA boosted its stake in Belmond by 12.9% in the first quarter. BNP Paribas Arbitrage SA now owns 19,288 shares of the company’s stock valued at $233,000 after buying an additional 2,206 shares in the last quarter. Finally, Mason Street Advisors LLC boosted its stake in Belmond by 7.1% in the first quarter. Mason Street Advisors LLC now owns 19,759 shares of the company’s stock valued at $239,000 after buying an additional 1,302 shares in the last quarter. Institutional investors and hedge funds own 75.45% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This article was first published by American Banking News and is owned by of American Banking News. If you are accessing this article on another domain, it was illegally stolen and reposted in violation of international copyright law. The original version of this article can be read at https://www.americanbankingnews.com/2017/07/08/belmond-ltd-bel-expected-to-post-quarterly-sales-of-168-93-million.html.
Shares of Belmond (NYSE:BEL) opened at 13.10 on Friday. Belmond has a one year low of $9.60 and a one year high of $14.45. The stock has a market cap of $1.34 billion, a P/E ratio of 69.31 and a beta of 0.94. The firm has a 50 day moving average of $12.76 and a 200 day moving average of $12.92.
Belmond Ltd. (Belmond) is a hotel company and adventure travel operator. As of December 31, 2016, Belmond owned, partially-owned and/or operated 45 properties, consisting of 34 individual deluxe hotels, 29 of which are owned (including nine under long-term lease), five European tourist trains, two cruise ships in Myanmar (one of which is under long-term charter), one French canal cruise business consisting of five small canal boats, and one stand-alone restaurant in the United States.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Belmond Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Belmond Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.