Zacks: Brokerages Anticipate Belmond Ltd. (BEL) to Announce $0.16 Earnings Per Share
Analysts expect Belmond Ltd. (NYSE:BEL) to report earnings of $0.16 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Belmond’s earnings, with estimates ranging from $0.15 to $0.17. Belmond reported earnings of $0.23 per share in the same quarter last year, which indicates a negative year over year growth rate of 30.4%. The firm is scheduled to report its next earnings report on Wednesday, November 1st.
According to Zacks, analysts expect that Belmond will report full year earnings of $0.12 per share for the current year, with EPS estimates ranging from $0.11 to $0.13. For the next financial year, analysts anticipate that the company will post earnings of $0.25 per share. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Belmond.
Belmond (NYSE:BEL) last posted its earnings results on Monday, August 7th. The company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.07. The business had revenue of $165.90 million for the quarter, compared to analyst estimates of $168.93 million. Belmond had a net margin of 1.18% and a return on equity of 3.99%.
Several equities analysts have weighed in on the stock. BidaskClub downgraded shares of Belmond from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Barclays PLC reiterated an “overweight” rating and set a $15.00 price objective (down previously from $16.00) on shares of Belmond in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of Belmond from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Telsey Advisory Group upgraded shares of Belmond from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $14.00 to $16.00 in a research report on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $14.40.
Belmond (BEL) remained flat at $12.55 during mid-day trading on Friday. The company had a trading volume of 330,098 shares. The firm’s 50 day moving average is $12.71 and its 200 day moving average is $12.62. The company has a market cap of $1.28 billion, a PE ratio of 209.17 and a beta of 0.95. Belmond has a 12 month low of $10.86 and a 12 month high of $14.45.
Several institutional investors have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System increased its position in Belmond by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 34,400 shares of the company’s stock worth $416,000 after purchasing an additional 400 shares during the last quarter. State of Alaska Department of Revenue increased its position in 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 purchasing an additional 190 shares during the last quarter. First Trust Advisors LP bought a new stake in Belmond in the first quarter worth $1,234,000. Bank of New York Mellon Corp increased its position in Belmond by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 2,773,697 shares of the company’s stock worth $33,561,000 after purchasing an additional 78,911 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in 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 purchasing an additional 2,206 shares during the last quarter. Hedge funds and other institutional investors own 75.83% of the company’s stock.
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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