Analysts Anticipate Belmond Ltd (BEL) Will Announce Earnings of -$0.06 Per Share

Brokerages expect Belmond Ltd (NYSE:BEL) to post ($0.11) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Belmond’s earnings, with the highest EPS estimate coming in at $0.05 and the lowest estimate coming in at ($0.21). Belmond reported earnings per share of ($0.06) during the same quarter last year, which would suggest a negative year over year growth rate of 83.3%. The business is expected to announce its next quarterly earnings results on Monday, February 25th.

On average, analysts expect that Belmond will report full-year earnings of $0.30 per share for the current year, with EPS estimates ranging from $0.20 to $0.40. For the next fiscal year, analysts forecast that the firm will post earnings of $0.36 per share, with EPS estimates ranging from $0.31 to $0.44. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Belmond.

Belmond (NYSE:BEL) last released its quarterly earnings data on Tuesday, November 6th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.06. Belmond had a negative net margin of 5.88% and a positive return on equity of 4.42%. The business had revenue of $193.20 million during the quarter, compared to analyst estimates of $193.78 million. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year.

Several equities research analysts have recently weighed in on the stock. ValuEngine raised shares of Belmond from a “hold” rating to a “buy” rating in a research note on Thursday, August 9th. Deutsche Bank increased their target price on shares of Belmond to $17.00 and gave the company a “hold” rating in a research note on Friday, August 10th. Jefferies Financial Group set a $13.00 target price on shares of Belmond and gave the company a “hold” rating in a research note on Thursday, August 9th. Finally, 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 note on Monday, November 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $18.50.

Shares of BEL opened at $17.95 on Tuesday. Belmond has a twelve month low of $10.30 and a twelve month high of $19.36. The firm has a market capitalization of $1.85 billion, a PE ratio of 62.10, a PEG ratio of 4.00 and a beta of 1.46. The company has a current ratio of 1.31, a quick ratio of 1.20 and a debt-to-equity ratio of 1.10.

Several institutional investors and hedge funds have recently made changes to their positions in BEL. Parnassus Investments CA raised its stake in shares of Belmond by 76.5% in the second quarter. Parnassus Investments CA now owns 1,765,147 shares of the company’s stock valued at $19,681,000 after acquiring an additional 765,147 shares during the period. BlackRock Inc. raised its stake in shares of Belmond by 6.1% in the third quarter. BlackRock Inc. now owns 12,683,313 shares of the company’s stock valued at $231,470,000 after acquiring an additional 727,043 shares during the period. Long Pond Capital LP purchased a new stake in shares of Belmond in the second quarter valued at $4,436,000. V3 Capital Management L.P. purchased a new stake in shares of Belmond in the third quarter valued at $6,543,000. Finally, Caerus Investors LLC purchased a new position in Belmond in the 2nd quarter worth about $3,748,000. 78.60% of the stock is currently owned by institutional investors and hedge funds.

Belmond Company Profile

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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Earnings History and Estimates for Belmond (NYSE:BEL)

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