$127.62 Million in Sales Expected for Belmond Ltd (BEL) This Quarter

Equities research analysts expect Belmond Ltd (NYSE:BEL) to post sales of $127.62 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Belmond’s earnings, with the lowest sales estimate coming in at $127.10 million and the highest estimate coming in at $128.13 million. Belmond reported sales of $114.20 million in the same quarter last year, which indicates a positive year over year growth rate of 11.8%. The business is scheduled to report its next earnings report after the market closes on Monday, February 26th.

According to Zacks, analysts expect that Belmond will report full-year sales of $127.62 million for the current financial year, with estimates ranging from $571.40 million to $572.43 million. For the next fiscal year, analysts anticipate that the firm will report sales of $599.02 million per share, with estimates ranging from $596.91 million to $601.12 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Belmond.

Belmond (NYSE:BEL) last released its quarterly earnings data on Monday, November 6th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). Belmond had a negative net margin of 1.52% and a positive return on equity of 2.84%.

A number of research firms have weighed in on BEL. Zacks Investment Research lowered shares of Belmond from a “hold” rating to a “sell” rating in a research note on Tuesday. Deutsche Bank dropped their price objective on shares of Belmond from $13.00 to $12.00 and set a “hold” rating on the stock in a research note on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. Belmond currently has an average rating of “Hold” and an average price target of $14.33.

Institutional investors have recently added to or reduced their stakes in the business. Flinton Capital Management LLC lifted its stake in shares of Belmond by 99.5% in the second quarter. Flinton Capital Management LLC now owns 11,284 shares of the company’s stock valued at $150,000 after buying an additional 5,628 shares in the last quarter. Amalgamated Bank lifted its stake in shares of Belmond by 7.5% in the second quarter. Amalgamated Bank now owns 12,195 shares of the company’s stock valued at $162,000 after buying an additional 856 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of Belmond in the second quarter valued at $208,000. Profund Advisors LLC lifted its position in shares of Belmond by 12.6% during the second quarter. Profund Advisors LLC now owns 16,659 shares of the company’s stock valued at $222,000 after purchasing an additional 1,863 shares in the last quarter. Finally, Piedmont Investment Advisors LLC bought a new position in shares of Belmond during the second quarter valued at about $244,000. 80.88% of the stock is currently owned by hedge funds and other institutional investors.

Belmond (BEL) traded up $0.02 during trading on Friday, hitting $12.32. 159,397 shares of the company’s stock were exchanged, compared to its average volume of 260,897. Belmond has a 12-month low of $11.00 and a 12-month high of $14.45. The company has a market capitalization of $1,217.84, a price-to-earnings ratio of -154.36 and a beta of 1.20. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.92 and a quick ratio of 1.77.

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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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