$195.74 Million in Sales Expected for Belmond Ltd (BEL) This Quarter

Analysts expect that Belmond Ltd (NYSE:BEL) will announce $195.74 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Belmond’s earnings. The highest sales estimate is $199.67 million and the lowest is $192.35 million. Belmond reported sales of $183.00 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 7%. The company is expected to report its next earnings results after the market closes on Tuesday, November 6th.

According to Zacks, analysts expect that Belmond will report full-year sales of $584.89 million for the current fiscal year, with estimates ranging from $570.73 million to $603.70 million. For the next year, analysts anticipate that the company will post sales of $645.87 million, with estimates ranging from $613.05 million to $668.20 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Belmond.

Belmond (NYSE:BEL) last announced its earnings results on Wednesday, August 8th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.04. Belmond had a negative net margin of 6.84% and a positive return on equity of 1.48%. The company had revenue of $171.60 million during the quarter, compared to analyst estimates of $176.22 million.

BEL has been the subject of several research reports. ValuEngine lowered shares of Belmond from a “hold” rating to a “sell” rating in a research report on Wednesday, June 27th. Barclays lowered shares of Belmond from an “overweight” rating to an “underweight” rating and upped their target price for the stock from $14.00 to $15.00 in a research report on Tuesday, July 3rd. Jefferies Financial Group set a $13.00 target price on shares of Belmond and gave the stock a “hold” rating in a research report on Thursday, August 9th. Deutsche Bank upped their price target on shares of Belmond to $17.00 and gave the company a “hold” rating in a research report on Friday, August 10th. Finally, Zacks Investment Research upgraded shares of Belmond from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Wednesday, October 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $18.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Fox Run Management L.L.C. purchased a new stake in Belmond during the third quarter valued at about $418,000. Northern Trust Corp boosted its position in Belmond by 1.6% during the second quarter. Northern Trust Corp now owns 1,639,052 shares of the company’s stock valued at $18,276,000 after buying an additional 25,189 shares during the period. Putnam Investments LLC purchased a new stake in Belmond during the second quarter valued at about $1,036,000. Millennium Management LLC boosted its position in Belmond by 81.1% during the second quarter. Millennium Management LLC now owns 108,960 shares of the company’s stock valued at $1,215,000 after buying an additional 48,803 shares during the period. Finally, Select Equity Group L.P. boosted its position in Belmond by 6.4% during the second quarter. Select Equity Group L.P. now owns 1,651,602 shares of the company’s stock valued at $18,415,000 after buying an additional 99,946 shares during the period. Institutional investors and hedge funds own 83.06% of the company’s stock.

NYSE:BEL traded down $0.08 during midday trading on Friday, hitting $17.79. The company had a trading volume of 523,766 shares, compared to its average volume of 530,506. Belmond has a 52-week low of $10.30 and a 52-week high of $18.69. The firm has a market capitalization of $1.81 billion, a PE ratio of 148.25, a price-to-earnings-growth ratio of 6.16 and a beta of 1.53. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.45 and a current ratio of 1.57.

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.

Read More: Hedge Funds

Get a free copy of the Zacks research report on Belmond (BEL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Belmond (NYSE:BEL)

Receive News & Ratings for Belmond Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Belmond and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply