Belmond Ltd. (BEL) Announces Quarterly Earnings Results, Beats Estimates By $0.07 EPS
Belmond Ltd. (NYSE:BEL) posted its quarterly earnings data on Monday. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.07, Bloomberg Earnings reports. Belmond had a net margin of 3.61% and a return on equity of 1.74%.
Shares of Belmond (NYSE BEL) remained flat at $13.10 during mid-day trading on Monday. 233,865 shares of the stock traded hands. Belmond has a one year low of $10.86 and a one year high of $14.45. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 69.31 and a beta of 0.93. The firm’s 50 day moving average price is $13.13 and its 200 day moving average price is $12.85.
BEL has been the topic of several research reports. Zacks Investment Research upgraded shares of Belmond from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. BidaskClub upgraded shares of Belmond from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Finally, Telsey Advisory Group upgraded shares of Belmond from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $14.00 to $16.00 in a report on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Belmond currently has an average rating of “Hold” and a consensus price target of $14.60.
Belmond Company Profile
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.
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