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

Equities analysts expect that Belmond Ltd (NYSE:BEL) will post sales of $127.62 million for the current quarter, according to Zacks. Two analysts have issued estimates for Belmond’s earnings. The highest sales estimate is $128.13 million and the lowest is $127.10 million. Belmond posted sales of $114.20 million in the same quarter last year, which would indicate a positive year over year growth rate of 11.8%. The firm is expected to report its next earnings report on Monday, February 26th.

According to Zacks, analysts expect that Belmond will report full year sales of $127.62 million for the current year, with estimates ranging from $571.40 million to $572.43 million. For the next fiscal year, analysts anticipate that the firm will post sales of $599.02 million per share, with estimates ranging from $596.91 million to $601.12 million. Zacks’ sales averages are an average based on a survey of analysts that cover Belmond.

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

Separately, Deutsche Bank lowered their price target on shares of Belmond from $13.00 to $12.00 and set a “hold” rating on the stock in a report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $14.33.

Shares of Belmond (NYSE:BEL) opened at $12.90 on Thursday. The stock has a market cap of $1,550.00, a price-to-earnings ratio of -129.00 and a beta of 1.15. The company has a quick ratio of 1.77, a current ratio of 1.92 and a debt-to-equity ratio of 0.96. Belmond has a fifty-two week low of $11.00 and a fifty-two week high of $14.45.

A number of institutional investors have recently made changes to their positions in BEL. Riverhead Capital Management LLC increased its holdings in Belmond by 99.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 10,186 shares of the company’s stock valued at $135,000 after buying an additional 5,086 shares during the period. Flinton Capital Management LLC increased its holdings in Belmond by 99.5% in the 2nd 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 during the period. Amalgamated Bank increased its holdings in Belmond by 7.5% in the 2nd quarter. Amalgamated Bank now owns 12,195 shares of the company’s stock valued at $162,000 after buying an additional 856 shares during the period. Verition Fund Management LLC bought a new stake in Belmond in the 2nd quarter valued at $208,000. Finally, Profund Advisors LLC increased its holdings in Belmond by 12.6% in the 2nd quarter. Profund Advisors LLC now owns 16,659 shares of the company’s stock valued at $222,000 after buying an additional 1,863 shares during the period. 81.07% of the stock is currently owned by hedge funds and other institutional investors.

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About Belmond

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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