Analysts expect Belmond Ltd (NYSE:BEL) to report $131.70 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Belmond’s earnings, with the lowest sales estimate coming in at $116.20 million and the highest estimate coming in at $147.20 million. Belmond reported sales of $117.30 million during the same quarter last year, which indicates a positive year over year growth rate of 12.3%. The firm is scheduled to announce its next earnings report after the market closes on Wednesday, February 27th.
According to Zacks, analysts expect that Belmond will report full-year sales of $586.20 million for the current fiscal year, with estimates ranging from $570.70 million to $601.70 million. For the next financial year, analysts anticipate that the firm will report sales of $638.29 million, with estimates ranging from $613.07 million to $663.50 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Belmond.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Belmond from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Monday, November 5th. Jefferies Financial Group reaffirmed a “buy” rating and set a $22.00 price objective on shares of Belmond in a report on Thursday, November 8th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Belmond has an average rating of “Hold” and an average price target of $19.25.
Institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in shares of Belmond by 1.8% in the 4th quarter. BlackRock Inc. now owns 12,913,471 shares of the company’s stock worth $323,224,000 after buying an additional 230,158 shares during the last quarter. Vanguard Group Inc. boosted its position in Belmond by 3.6% in the 3rd quarter. Vanguard Group Inc. now owns 8,461,579 shares of the company’s stock valued at $154,423,000 after buying an additional 293,611 shares during the period. Vanguard Group Inc raised its stake in shares of Belmond by 3.6% during the 3rd quarter. Vanguard Group Inc now owns 8,461,579 shares of the company’s stock worth $154,423,000 after acquiring an additional 293,611 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Belmond by 2.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,733,599 shares of the company’s stock valued at $31,638,000 after acquiring an additional 36,217 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Belmond by 1.6% during the second quarter. Northern Trust Corp now owns 1,639,052 shares of the company’s stock valued at $18,276,000 after purchasing an additional 25,189 shares in the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.
Shares of Belmond stock opened at $24.90 on Thursday. Belmond has a one year low of $10.30 and a one year high of $25.38. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.31 and a quick ratio of 1.20. The stock has a market capitalization of $2.57 billion, a P/E ratio of 207.50, a PEG ratio of 4.61 and a beta of 0.50.
Belmond Ltd. engages in the hotel and travel businesses. As of December 31, 2017, the company owned, invested in, or managed 36 deluxe hotels and resort properties in the United States, Mexico, The Caribbean, Europe, Southern Africa, South America, and Southeast Asia; 1 stand-alone restaurant in New York; 7 tourist trains in Europe, Southeast Asia, and Peru; 1 river cruise in Myanmar; and 1 canal boat business in France.
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