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.

TRADEMARK VIOLATION NOTICE: “Belmond Ltd. (BEL) Expected to Post Quarterly Sales of $182.67 Million” was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark laws. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/09/12/belmond-ltd-bel-expected-to-post-quarterly-sales-of-182-67-million.html.

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.

About Belmond

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.

Get a free copy of the Zacks research report on Belmond (BEL)

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.