Lindblad Expeditions, LLC (LIND) Expected to Announce Earnings of $0.03 Per Share

Equities research analysts expect Lindblad Expeditions, LLC (NASDAQ:LIND) to announce $0.03 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Lindblad Expeditions’ earnings, with estimates ranging from $0.02 to $0.04. Lindblad Expeditions reported earnings of $0.10 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 70%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, May 8th.

According to Zacks, analysts expect that Lindblad Expeditions will report full-year earnings of $0.13 per share for the current fiscal year, with EPS estimates ranging from $0.11 to $0.15. For the next financial year, analysts anticipate that the business will report earnings of $0.22 per share, with EPS estimates ranging from $0.18 to $0.25. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Lindblad Expeditions.

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A number of research analysts have commented on the company. BidaskClub upgraded Lindblad Expeditions from a “sell” rating to a “hold” rating in a research note on Friday, March 2nd. ValuEngine cut Lindblad Expeditions from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Zacks Investment Research cut Lindblad Expeditions from a “hold” rating to a “sell” rating in a research note on Thursday, December 28th. Finally, Citigroup reduced their price objective on Lindblad Expeditions from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, March 5th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $11.25.

Shares of Lindblad Expeditions (NASDAQ:LIND) traded up $0.20 on Friday, hitting $10.10. The company’s stock had a trading volume of 74,440 shares, compared to its average volume of 103,224. The firm has a market capitalization of $457.73, a PE ratio of -48.09 and a beta of 0.13. Lindblad Expeditions has a 12 month low of $8.66 and a 12 month high of $11.26. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 0.91.

In other Lindblad Expeditions news, Director John M. Fahey, Jr. bought 20,000 shares of the company’s stock in a transaction dated Friday, March 2nd. The shares were acquired at an average cost of $9.27 per share, with a total value of $185,400.00. Following the completion of the transaction, the director now owns 41,958 shares in the company, valued at $388,950.66. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark Ein bought 10,000 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were acquired at an average cost of $9.25 per share, for a total transaction of $92,500.00. Following the completion of the transaction, the director now owns 41,958 shares of the company’s stock, valued at approximately $388,111.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 40,000 shares of company stock worth $372,200. Corporate insiders own 50.10% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in LIND. Epoch Investment Partners Inc. increased its position in shares of Lindblad Expeditions by 27.3% during the third quarter. Epoch Investment Partners Inc. now owns 1,055,119 shares of the company’s stock worth $11,290,000 after acquiring an additional 226,258 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Lindblad Expeditions by 49.0% in the third quarter. Dimensional Fund Advisors LP now owns 278,370 shares of the company’s stock valued at $2,979,000 after buying an additional 91,499 shares during the last quarter. Northern Trust Corp increased its holdings in Lindblad Expeditions by 50.9% in the second quarter. Northern Trust Corp now owns 262,499 shares of the company’s stock valued at $2,756,000 after buying an additional 88,538 shares during the last quarter. Millennium Management LLC increased its holdings in Lindblad Expeditions by 349.8% in the fourth quarter. Millennium Management LLC now owns 102,832 shares of the company’s stock valued at $1,007,000 after buying an additional 79,969 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Lindblad Expeditions by 53.0% in the fourth quarter. Renaissance Technologies LLC now owns 204,700 shares of the company’s stock valued at $2,004,000 after buying an additional 70,900 shares during the last quarter. 46.00% of the stock is currently owned by institutional investors and hedge funds.

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About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest empowerment and interactivity. The company operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions.

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