Equities research analysts expect that Belmond Ltd (NYSE:BEL) will announce sales of $131.70 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Belmond’s earnings, with estimates ranging from $116.20 million to $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 expected to issue its next quarterly earnings results on Monday, February 25th.
On average, 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 fiscal year, analysts expect that the business will post sales of $638.29 million, with estimates ranging from $613.07 million to $663.50 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Belmond.
Belmond (NYSE:BEL) last announced its quarterly earnings data on Tuesday, November 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.06. The business had revenue of $193.20 million during the quarter, compared to the consensus estimate of $193.78 million. Belmond had a negative net margin of 5.88% and a positive return on equity of 4.42%. The business’s revenue was up 5.6% on a year-over-year basis.
BEL has been the subject of several analyst reports. Jefferies Financial Group raised shares of Belmond from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Friday, August 10th. ValuEngine raised shares of Belmond from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 16th. Zacks Investment Research raised shares of Belmond from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Wednesday, October 10th. Finally, Deutsche Bank raised their target price on shares of Belmond to $17.00 and gave the stock a “hold” rating in a research report on Friday, August 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $18.50.
Shares of NYSE BEL opened at $18.01 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.31 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 150.08, a PEG ratio of 4.06 and a beta of 1.46. Belmond has a 1 year low of $10.30 and a 1 year high of $19.36.
Large investors have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Belmond during the second quarter worth approximately $198,000. Hsbc Holdings PLC purchased a new position in shares of Belmond during the third quarter worth approximately $219,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of Belmond during the third quarter worth approximately $235,000. KBC Group NV increased its position in shares of Belmond by 36.0% during the second quarter. KBC Group NV now owns 24,188 shares of the company’s stock worth $270,000 after acquiring an additional 6,402 shares during the period. Finally, Trexquant Investment LP purchased a new position in shares of Belmond during the third quarter worth approximately $293,000. 78.60% of the stock is currently owned by institutional investors and hedge funds.
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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