$127.62 Million in Sales Expected for Belmond Ltd (BEL) This Quarter
Equities research analysts forecast that Belmond Ltd (NYSE:BEL) will report sales of $127.62 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Belmond’s earnings, with estimates ranging from $127.10 million to $128.13 million. Belmond posted sales of $114.20 million during the same quarter last year, which suggests a positive year over year growth rate of 11.8%. The company is scheduled to announce its next quarterly earnings report on Monday, February 26th.
On average, analysts expect that Belmond will report full year sales of $127.62 million for the current fiscal year, with estimates ranging from $571.40 million to $572.43 million. For the next fiscal year, analysts forecast that the firm will report sales of $599.02 million per share, with estimates ranging from $596.91 million to $601.12 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Belmond.
A number of research analysts have weighed in on BEL shares. BidaskClub downgraded shares of Belmond from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. Deutsche Bank decreased their price objective on shares of Belmond from $13.00 to $12.00 and set a “hold” rating for the company in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $14.33.
Belmond (BEL) opened at $12.25 on Friday. The firm has a market cap of $1,258.78, a PE ratio of 64.74 and a beta of 1.16. Belmond has a 1 year low of $11.00 and a 1 year high of $14.45. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.92 and a quick ratio of 1.77.
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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