Zacks: Brokerages Anticipate Lindblad Expeditions Holdings Inc. (LIND) Will Announce Quarterly Sales of $68.44 Million
Analysts expect that Lindblad Expeditions Holdings Inc. (NASDAQ:LIND) will post sales of $68.44 million for the current quarter, Zacks reports. Two analysts have made estimates for Lindblad Expeditions Holdings’ earnings, with the highest sales estimate coming in at $81.50 million and the lowest estimate coming in at $55.38 million. Lindblad Expeditions Holdings posted sales of $70.77 million during the same quarter last year, which suggests a negative year over year growth rate of 3.3%. The firm is scheduled to issue its next quarterly earnings report on Friday, November 3rd.
On average, analysts expect that Lindblad Expeditions Holdings will report full-year sales of $68.44 million for the current financial year, with estimates ranging from $186.58 million to $274.20 million. For the next fiscal year, analysts anticipate that the firm will report sales of $278.95 million per share, with estimates ranging from $230.09 million to $327.80 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Lindblad Expeditions Holdings.
Lindblad Expeditions Holdings (NASDAQ:LIND) last announced its earnings results on Thursday, August 3rd. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.02. Lindblad Expeditions Holdings had a positive return on equity of 0.87% and a negative net margin of 1.30%. The company had revenue of $55.57 million for the quarter, compared to the consensus estimate of $50.84 million.
A number of brokerages have recently weighed in on LIND. BidaskClub upgraded Lindblad Expeditions Holdings from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 8th. Deutsche Bank AG reiterated a “hold” rating and set a $10.00 price target (up from $9.50) on shares of Lindblad Expeditions Holdings in a research report on Wednesday, August 9th. Finally, Zacks Investment Research upgraded Lindblad Expeditions Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $11.20.
Lindblad Expeditions Holdings (LIND) opened at 10.83 on Friday. Lindblad Expeditions Holdings has a 52 week low of $7.75 and a 52 week high of $11.26. The stock’s market capitalization is $488.06 million. The firm has a 50 day moving average price of $10.43 and a 200 day moving average price of $9.66.
In related news, COO Ian Rogers sold 38,717 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $10.01, for a total value of $387,557.17. Following the sale, the chief operating officer now directly owns 198,368 shares in the company, valued at approximately $1,985,663.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Benjamin Bressler sold 51,120 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $10.44, for a total value of $533,692.80. Following the completion of the sale, the insider now owns 227,357 shares in the company, valued at $2,373,607.08. The disclosure for this sale can be found here. Insiders have sold a total of 108,107 shares of company stock worth $1,115,480 over the last quarter. Insiders own 50.10% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. acquired a new stake in Lindblad Expeditions Holdings in the 1st quarter valued at approximately $1,039,000. Dimensional Fund Advisors LP increased its position in Lindblad Expeditions Holdings by 52.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 152,117 shares of the company’s stock valued at $1,363,000 after acquiring an additional 52,593 shares during the period. Russell Investments Group Ltd. increased its position in Lindblad Expeditions Holdings by 8.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 203,056 shares of the company’s stock valued at $2,132,000 after acquiring an additional 15,056 shares during the period. Rice Hall James & Associates LLC increased its position in Lindblad Expeditions Holdings by 246.4% in the 2nd quarter. Rice Hall James & Associates LLC now owns 134,295 shares of the company’s stock valued at $1,410,000 after acquiring an additional 95,526 shares during the period. Finally, Pinnacle Associates Ltd. increased its position in Lindblad Expeditions Holdings by 33.5% in the 1st quarter. Pinnacle Associates Ltd. now owns 23,822 shares of the company’s stock valued at $213,000 after acquiring an additional 5,983 shares during the period. Hedge funds and other institutional investors own 48.95% of the company’s stock.
Lindblad Expeditions Holdings Company Profile
Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services in the United States. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest interactivity. The company operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions.
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