Belmond Ltd (BEL) Expected to Post Quarterly Sales of $195.74 Million

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Equities analysts expect Belmond Ltd (NYSE:BEL) to report $195.74 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Belmond’s earnings. The highest sales estimate is $199.67 million and the lowest is $192.35 million. Belmond posted sales of $183.00 million in the same quarter last year, which suggests a positive year over year growth rate of 7%. The business is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, November 6th.

According to Zacks, analysts expect that Belmond will report full year sales of $584.89 million for the current fiscal year, with estimates ranging from $570.73 million to $603.70 million. For the next fiscal year, analysts expect that the business will report sales of $645.87 million, with estimates ranging from $613.05 million to $668.20 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Belmond.

Belmond (NYSE:BEL) last released its earnings results on Wednesday, August 8th. The company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.04. The company had revenue of $171.60 million for the quarter, compared to the consensus estimate of $176.22 million. Belmond had a positive return on equity of 1.48% and a negative net margin of 6.84%.

Several equities analysts recently weighed in on BEL shares. ValuEngine upgraded Belmond from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Jefferies Financial Group upgraded Belmond from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Friday, August 10th. Zacks Investment Research upgraded Belmond from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Wednesday, October 10th. Barclays downgraded Belmond from an “overweight” rating to an “underweight” rating and lifted their target price for the company from $14.00 to $15.00 in a research report on Tuesday, July 3rd. Finally, Deutsche Bank lifted their target price on Belmond to $17.00 and gave the company a “hold” rating in a research report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Belmond currently has a consensus rating of “Buy” and an average price target of $18.00.

NYSE BEL opened at $17.55 on Friday. The firm has a market cap of $1.86 billion, a P/E ratio of 180.60, a P/E/G ratio of 6.34 and a beta of 1.53. The company has a current ratio of 1.57, a quick ratio of 1.45 and a debt-to-equity ratio of 1.16. Belmond has a fifty-two week low of $10.30 and a fifty-two week high of $18.69.

A number of large investors have recently bought and sold shares of BEL. CHICAGO TRUST Co NA bought a new stake in Belmond during the second quarter valued at about $150,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Belmond during the second quarter valued at about $198,000. KBC Group NV raised its holdings in Belmond by 36.0% during the second quarter. KBC Group NV now owns 24,188 shares of the company’s stock valued at $270,000 after acquiring an additional 6,402 shares during the period. SG Americas Securities LLC raised its holdings in Belmond by 212.8% during the second quarter. SG Americas Securities LLC now owns 29,411 shares of the company’s stock valued at $328,000 after acquiring an additional 20,009 shares during the period. Finally, Fox Run Management L.L.C. bought a new stake in Belmond during the third quarter valued at about $418,000. 83.11% of the stock is currently owned by institutional investors and hedge funds.

Belmond Company Profile

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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Earnings History and Estimates for Belmond (NYSE:BEL)

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