Belmond (BEL) Announces Quarterly Earnings Results
Belmond (NYSE:BEL) announced its quarterly earnings results on Tuesday. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.06, Briefing.com reports. Belmond had a negative net margin of 6.84% and a positive return on equity of 1.48%. The firm had revenue of $193.20 million for the quarter, compared to analyst estimates of $193.78 million. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year.
Shares of NYSE:BEL traded up $1.18 on Wednesday, hitting $18.73. The stock had a trading volume of 105,895 shares, compared to its average volume of 619,500. Belmond has a twelve month low of $10.30 and a twelve month high of $18.69. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.45 and a current ratio of 1.57. The company has a market capitalization of $1.82 billion, a PE ratio of 156.25, a P/E/G ratio of 6.21 and a beta of 1.48.
Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Belmond from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Monday. ValuEngine upgraded shares of Belmond from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 16th. Jefferies Financial Group set a $13.00 target price on shares of Belmond and gave the company a “hold” rating in a research note on Thursday, August 9th. Finally, Deutsche Bank boosted their target price on shares of Belmond to $17.00 and gave the company a “hold” rating in a research note on Friday, August 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Belmond currently has a consensus rating of “Buy” and a consensus price target of $18.00.
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.
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