Analysts expect Lindblad Expeditions Holdings Inc (NASDAQ:LIND) to report $104.55 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Lindblad Expeditions’ earnings, with the highest sales estimate coming in at $106.44 million and the lowest estimate coming in at $101.10 million. Lindblad Expeditions posted sales of $87.24 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 19.8%. The company is expected to report its next quarterly earnings results on Friday, November 1st.
On average, analysts expect that Lindblad Expeditions will report full year sales of $354.72 million for the current year, with estimates ranging from $352.40 million to $358.05 million. For the next financial year, analysts anticipate that the company will report sales of $397.57 million, with estimates ranging from $396.00 million to $398.42 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Lindblad Expeditions.
Lindblad Expeditions (NASDAQ:LIND) last posted its earnings results on Thursday, August 1st. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.03). The company had revenue of $76.66 million for the quarter, compared to analyst estimates of $79.58 million. Lindblad Expeditions had a return on equity of 12.98% and a net margin of 4.96%.
LIND has been the topic of several analyst reports. Imperial Capital reaffirmed an “outperform” rating and set a $22.00 target price (up from $21.00) on shares of Lindblad Expeditions in a report on Tuesday, August 6th. ValuEngine lowered Lindblad Expeditions from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Sidoti lowered Lindblad Expeditions from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a report on Tuesday, July 2nd. Deutsche Bank reissued a “hold” rating and issued a $15.00 price objective on shares of Lindblad Expeditions in a report on Sunday, August 4th. Finally, BidaskClub raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Saturday, August 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $18.40.
Lindblad Expeditions stock traded down $0.21 during midday trading on Wednesday, hitting $18.22. 129,600 shares of the company were exchanged, compared to its average volume of 146,677. The firm has a market capitalization of $904.26 million, a PE ratio of 75.92 and a beta of 0.16. Lindblad Expeditions has a fifty-two week low of $11.98 and a fifty-two week high of $19.20. The business has a fifty day simple moving average of $18.20 and a two-hundred day simple moving average of $16.14. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.83 and a current ratio of 0.84.
In other Lindblad Expeditions news, insider Benjamin Bressler sold 66,051 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $16.28, for a total value of $1,075,310.28. Following the sale, the insider now directly owns 86,900 shares of the company’s stock, valued at $1,414,732. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Trey Byus sold 6,900 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $16.52, for a total value of $113,988.00. Following the completion of the sale, the insider now directly owns 168,495 shares in the company, valued at $2,783,537.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 150,051 shares of company stock worth $2,508,852. 50.20% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LIND. Aperio Group LLC purchased a new position in shares of Lindblad Expeditions in the second quarter valued at approximately $25,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Lindblad Expeditions by 72.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,238 shares of the company’s stock valued at $40,000 after acquiring an additional 940 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Lindblad Expeditions by 27.4% in the fourth quarter. Legal & General Group Plc now owns 4,286 shares of the company’s stock valued at $57,000 after acquiring an additional 921 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Lindblad Expeditions by 18,404.2% in the first quarter. BNP Paribas Arbitrage SA now owns 4,441 shares of the company’s stock valued at $68,000 after acquiring an additional 4,417 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Lindblad Expeditions by 48.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 4,385 shares of the company’s stock valued at $79,000 after acquiring an additional 1,437 shares in the last quarter. Institutional investors and hedge funds own 56.91% of the company’s stock.
Lindblad Expeditions Company Profile
Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. It delivers voyages through a fleet of eight owned expedition ships and five seasonal charter vessels under the Lindblad brand; and operates eco-conscious expeditions and nature focused small-group tours under the Natural Habitat brand.
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