Analysts predict that Belmond Ltd (NYSE:BEL) will report sales of $127.62 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Belmond’s earnings, with the lowest sales estimate coming in at $127.10 million and the highest estimate coming in at $128.13 million. Belmond reported sales of $114.20 million in the same quarter last year, which indicates a positive year over year growth rate of 11.8%. The company is expected to announce its next quarterly earnings report after the market closes on Monday, February 26th.
On average, analysts expect that Belmond will report full-year sales of $127.62 million for the current year, with estimates ranging from $571.40 million to $572.43 million. For the next financial year, analysts expect 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 an average based on a survey of analysts that cover Belmond.
Several equities analysts recently issued reports on BEL shares. Deutsche Bank decreased their price target on Belmond from $13.00 to $12.00 and set a “hold” rating on the stock in a report on Wednesday, November 8th. Zacks Investment Research cut Belmond from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. Belmond presently has a consensus rating of “Hold” and an average target price of $14.33.
Institutional investors have recently bought and sold shares of the stock. Two Sigma Securities LLC acquired a new position in Belmond in the fourth quarter valued at about $189,000. Verition Fund Management LLC acquired a new position in Belmond in the second quarter valued at about $208,000. Flinton Capital Management LLC lifted its stake in Belmond by 31.3% in the fourth quarter. Flinton Capital Management LLC now owns 17,052 shares of the company’s stock valued at $209,000 after buying an additional 4,060 shares during the period. Piedmont Investment Advisors LLC acquired a new position in Belmond in the second quarter valued at about $244,000. Finally, Jefferies Group LLC lifted its stake in Belmond by 28.0% in the fourth quarter. Jefferies Group LLC now owns 21,572 shares of the company’s stock valued at $264,000 after buying an additional 4,719 shares during the period. Institutional investors and hedge funds own 80.26% of the company’s stock.
Belmond (NYSE:BEL) opened at $12.30 on Wednesday. The stock has a market capitalization of $1,269.01, a PE ratio of -153.73 and a beta of 1.20. Belmond has a 1-year low of $11.00 and a 1-year high of $14.20. The company has a quick ratio of 1.77, a current ratio of 1.92 and a debt-to-equity ratio of 0.96.
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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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