Brokerages Expect Belmond Ltd. (BEL) Will Post Earnings of -$0.05 Per Share
Analysts expect Belmond Ltd. (NYSE:BEL) to post ($0.05) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Belmond’s earnings. Belmond reported earnings of $0.01 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 600%. The company is expected to issue its next earnings results on Monday, February 26th.
According to Zacks, analysts expect that Belmond will report full-year earnings of $0.13 per share for the current fiscal year. For the next financial year, analysts expect that the business will post earnings of $0.23 per share, with EPS estimates ranging from $0.20 to $0.26. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Belmond.
Belmond (NYSE:BEL) last announced its quarterly earnings results on Monday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. Belmond had a negative net margin of 1.52% and a positive return on equity of 2.84%. The company had revenue of $165.90 million for the quarter, compared to the consensus estimate of $168.93 million.
Several equities research analysts recently issued reports on the stock. BidaskClub cut shares of Belmond from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Barclays PLC restated an “overweight” rating and issued a $15.00 target price (down previously from $16.00) on shares of Belmond in a report on Thursday, August 10th. Finally, Deutsche Bank AG dropped their target price on shares of Belmond from $13.00 to $12.00 and set a “hold” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Belmond presently has a consensus rating of “Hold” and a consensus price target of $14.00.
Belmond (NYSE BEL) traded down $0.03 during trading on Tuesday, hitting $11.78. 70,965 shares of the stock were exchanged, compared to its average volume of 366,813. Belmond has a 12-month low of $11.00 and a 12-month high of $14.45. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.96 and a current ratio of 1.92. The company has a market cap of $1,420.00, a P/E ratio of 62.90 and a beta of 1.18.
Several institutional investors have recently modified their holdings of BEL. Riverhead Capital Management LLC boosted its stake in shares of Belmond by 99.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 10,186 shares of the company’s stock worth $135,000 after acquiring an additional 5,086 shares during the last quarter. Flinton Capital Management LLC boosted its stake in shares of Belmond by 99.5% during the 2nd quarter. Flinton Capital Management LLC now owns 11,284 shares of the company’s stock worth $150,000 after acquiring an additional 5,628 shares during the last quarter. Amalgamated Bank boosted its stake in shares of Belmond by 7.5% during the 2nd quarter. Amalgamated Bank now owns 12,195 shares of the company’s stock worth $162,000 after acquiring an additional 856 shares during the last quarter. KCG Holdings Inc. purchased a new position in shares of Belmond during the 1st quarter worth $198,000. Finally, Verition Fund Management LLC purchased a new position in shares of Belmond during the 2nd quarter worth $208,000. Institutional investors and hedge funds own 80.02% 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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