Belmond Ltd. (BEL) Expected to Post Quarterly Sales of $182.67 Million
Analysts expect that Belmond Ltd. (NYSE:BEL) will post $182.67 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Belmond’s earnings. The lowest sales estimate is $182.31 million and the highest is $183.03 million. Belmond posted sales of $183.70 million in the same quarter last year, which suggests a negative year over year growth rate of 0.6%. The firm is scheduled to report its next quarterly earnings report on Wednesday, November 1st.
On average, analysts expect that Belmond will report full year sales of $182.67 million for the current financial year, with estimates ranging from $567.83 million to $568.43 million. For the next fiscal year, analysts anticipate that the business will post sales of $593.96 million per share, with estimates ranging from $592.19 million to $595.73 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Belmond.
Belmond (NYSE:BEL) last issued its quarterly earnings data on Monday, August 7th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. The business had revenue of $165.90 million during the quarter, compared to the consensus estimate of $168.93 million. Belmond had a net margin of 1.18% and a return on equity of 3.99%.
Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of Belmond from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub upgraded shares of Belmond from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Telsey Advisory Group upgraded shares of Belmond from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $14.00 to $16.00 in a research note on Tuesday, June 6th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $15.00 price objective (down previously from $16.00) on shares of Belmond in a research note on Thursday, August 10th. One 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 currently has an average rating of “Hold” and a consensus target price of $14.40.
A number of institutional investors and hedge funds have recently made changes to their positions in BEL. State of Alaska Department of Revenue raised its position in Belmond by 2.1% during the first quarter. State of Alaska Department of Revenue now owns 9,330 shares of the company’s stock worth $112,000 after acquiring an additional 190 shares during the last quarter. Riverhead Capital Management LLC raised its position in Belmond by 99.7% during the second quarter. Riverhead Capital Management LLC now owns 10,186 shares of the company’s stock worth $135,000 after acquiring an additional 5,086 shares during the last quarter. Flinton Capital Management LLC raised its position in Belmond by 99.5% during the second quarter. Flinton Capital Management LLC now owns 11,284 shares of the company’s stock worth $150,000 after acquiring an additional 5,628 shares during the last quarter. Amalgamated Bank raised its position in Belmond by 7.5% during the second quarter. Amalgamated Bank now owns 12,195 shares of the company’s stock worth $162,000 after acquiring an additional 856 shares during the last quarter. Finally, KCG Holdings Inc. acquired a new position in Belmond during the first quarter worth about $198,000. Institutional investors own 75.83% of the company’s stock.
Belmond (NYSE BEL) opened at 12.70 on Tuesday. Belmond has a 12 month low of $10.86 and a 12 month high of $14.45. The firm has a 50 day moving average of $12.69 and a 200-day moving average of $12.59. The firm has a market cap of $1.30 billion, a P/E ratio of 211.67 and a beta of 0.95.
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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