Equities research analysts expect Belmond Ltd. (NYSE:BEL) to post $0.12 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Belmond’s earnings. Belmond posted earnings per share of $0.04 in the same quarter last year, which indicates a positive year-over-year growth rate of 200%. The company is expected to report its next earnings report on Wednesday, August 2nd.
On average, analysts expect that Belmond will report full year earnings of $0.17 per share for the current financial year, with EPS estimates ranging from $0.15 to $0.19. For the next financial year, analysts forecast that the firm will report earnings of $0.18 per share, with EPS estimates ranging from $0.16 to $0.20. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Belmond.
Belmond (NYSE:BEL) last posted its quarterly earnings data on Monday, May 8th. The company reported ($0.16) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by $0.05. The company had revenue of $95.40 million for the quarter, compared to analysts’ expectations of $91.83 million. Belmond had a net margin of 3.61% and a return on equity of 1.74%.
A number of brokerages have commented on BEL. Zacks Investment Research downgraded Belmond from a “buy” rating to a “hold” rating in a research note on Thursday, March 2nd. Telsey Advisory Group upgraded Belmond from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $14.00 to $16.00 in a research note on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Belmond currently has a consensus rating of “Hold” and a consensus target price of $14.60.
A number of institutional investors have recently modified their holdings of BEL. State of Alaska Department of Revenue increased its position in shares of Belmond by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 9,330 shares of the company’s stock worth $112,000 after buying an additional 190 shares during the last quarter. A.R.T. Advisors LLC bought a new position in shares of Belmond during the fourth quarter worth approximately $149,000. KCG Holdings Inc. bought a new position in shares of Belmond during the first quarter worth approximately $198,000. BNP Paribas Arbitrage SA increased its position in shares of Belmond by 12.9% in the first quarter. BNP Paribas Arbitrage SA now owns 19,288 shares of the company’s stock worth $233,000 after buying an additional 2,206 shares during the last quarter. Finally, Mason Street Advisors LLC increased its position in shares of Belmond by 7.1% in the first quarter. Mason Street Advisors LLC now owns 19,759 shares of the company’s stock worth $239,000 after buying an additional 1,302 shares during the last quarter. Institutional investors own 75.54% of the company’s stock.
Belmond (NYSE BEL) traded up 0.38% during mid-day trading on Monday, reaching $13.20. The company’s stock had a trading volume of 986,604 shares. Belmond has a 12 month low of $9.10 and a 12 month high of $14.45. The stock’s 50-day moving average is $12.57 and its 200-day moving average is $12.93. The firm has a market capitalization of $1.35 billion, a PE ratio of 69.84 and a beta of 0.92.
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Belmond Company Profile
Belmond Ltd. (Belmond) is a hotel company and adventure travel operator. As of December 31, 2016, Belmond owned, partially-owned and/or operated 45 properties, consisting of 34 individual deluxe hotels, 29 of which are owned (including nine under long-term lease), five European tourist trains, two cruise ships in Myanmar (one of which is under long-term charter), one French canal cruise business consisting of five small canal boats, and one stand-alone restaurant in the United States.
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