Belmond (NYSE:BEL) announced its quarterly earnings results on Tuesday. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.06, Briefing.com reports. The company had revenue of $193.20 million during the quarter, compared to analysts’ expectations of $193.78 million. Belmond had a positive return on equity of 1.48% and a negative net margin of 6.84%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis.
Shares of Belmond stock traded up $1.18 on Wednesday, reaching $18.73. The company’s stock had a trading volume of 105,895 shares, compared to its average volume of 619,500. The stock has a market capitalization of $1.82 billion, a PE ratio of 156.25, a price-to-earnings-growth ratio of 6.21 and a beta of 1.48. Belmond has a 52-week low of $10.30 and a 52-week high of $18.69. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.57 and a quick ratio of 1.45.
BEL has been the subject of several recent research reports. ValuEngine upgraded Belmond from a “hold” rating to a “buy” rating in a research report on Thursday, August 9th. Zacks Investment Research upgraded 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. Jefferies Financial Group upgraded Belmond from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Friday, August 10th. Finally, Deutsche Bank boosted their price objective on Belmond to $17.00 and gave the company a “hold” rating in a research report on Friday, August 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $18.00.
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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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