Analysts Expect Belmond Ltd (BEL) Will Post Quarterly Sales of $127.62 Million

Wall Street analysts expect Belmond Ltd (NYSE:BEL) to post $127.62 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Belmond’s earnings. The highest sales estimate is $128.13 million and the lowest is $127.10 million. Belmond reported sales of $114.20 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.8%. The company is expected to issue its next quarterly earnings results on Monday, February 26th.

According to Zacks, analysts expect that Belmond will report full year sales of $127.62 million for the current financial year, with estimates ranging from $571.40 million to $572.43 million. For the next financial year, analysts anticipate that the firm will post sales of $599.02 million per share, with estimates ranging from $596.91 million to $601.12 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Belmond.

Separately, Deutsche Bank dropped their target price on shares of Belmond from $13.00 to $12.00 and set a “hold” rating for the company in a report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $14.33.

Belmond (NYSE BEL) remained flat at $$12.25 during trading hours on Tuesday. 203,563 shares of the stock were exchanged, compared to its average volume of 214,800. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.77 and a current ratio of 1.92. Belmond has a 1-year low of $11.00 and a 1-year high of $14.45. The stock has a market capitalization of $1,253.66, a PE ratio of -153.11 and a beta of 1.15.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in Belmond by 3.9% during the 2nd quarter. BlackRock Inc. now owns 10,522,601 shares of the company’s stock valued at $139,950,000 after acquiring an additional 396,895 shares in the last quarter. Vanguard Group Inc. increased its holdings in Belmond by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 7,582,131 shares of the company’s stock valued at $100,843,000 after acquiring an additional 295,379 shares in the last quarter. Hosking Partners LLP increased its holdings in Belmond by 0.5% during the 3rd quarter. Hosking Partners LLP now owns 3,384,653 shares of the company’s stock valued at $46,201,000 after acquiring an additional 15,663 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Belmond by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,845,718 shares of the company’s stock valued at $37,848,000 after acquiring an additional 72,021 shares in the last quarter. Finally, State Street Corp increased its holdings in Belmond by 6.0% during the 2nd quarter. State Street Corp now owns 2,098,452 shares of the company’s stock valued at $27,908,000 after acquiring an additional 119,426 shares in the last quarter. Hedge funds and other institutional investors own 81.07% of the company’s stock.

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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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