Lindblad Expeditions (NASDAQ:LIND) released its earnings results on Friday. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.05), MarketWatch Earnings reports. The firm had revenue of $87.24 million during the quarter, compared to analysts’ expectations of $91.26 million. Lindblad Expeditions had a net margin of 1.40% and a return on equity of 14.76%. Lindblad Expeditions updated its FY 2018 guidance to EPS.
NASDAQ:LIND traded down $0.30 on Friday, reaching $13.34. The stock had a trading volume of 127,973 shares, compared to its average volume of 81,318. Lindblad Expeditions has a 12-month low of $8.66 and a 12-month high of $15.88. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 1.65. The firm has a market cap of $610.80 million, a price-to-earnings ratio of 49.41 and a beta of 0.47.
A number of research analysts have issued reports on the stock. BidaskClub upgraded shares of Lindblad Expeditions from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 21st. Zacks Investment Research upgraded shares of Lindblad Expeditions from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Tuesday, August 7th. Finally, Imperial Capital upped their target price on shares of Lindblad Expeditions from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, August 6th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $13.25.
In other news, insider Trey Byus sold 25,750 shares of the company’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $13.87, for a total transaction of $357,152.50. Following the completion of the transaction, the insider now owns 450,857 shares of the company’s stock, valued at approximately $6,253,386.59. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders have sold 155,750 shares of company stock valued at $2,234,053. Corporate insiders own 51.60% of the company’s stock.
Lindblad Expeditions Company Profile
Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest empowerment and interactivity. The company operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions.
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