-$0.06 Earnings Per Share Expected for Belmond Ltd (BEL) This Quarter

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Wall Street brokerages expect Belmond Ltd (NYSE:BEL) to announce ($0.06) earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Belmond’s earnings, with estimates ranging from ($0.16) to $0.05. Belmond also posted earnings per share of ($0.06) during the same quarter last year. The company is expected to report its next quarterly earnings results after the market closes on Wednesday, February 27th.

According to Zacks, analysts expect that Belmond will report full year earnings of $0.30 per share for the current financial year, with EPS estimates ranging from $0.20 to $0.40. For the next financial year, analysts expect that the business will report earnings of $0.36 per share, with EPS estimates ranging from $0.31 to $0.45. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Belmond.

A number of equities research analysts have commented on the company. Zacks Investment Research raised Belmond from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Monday, November 5th. Jefferies Financial Group restated a “buy” rating and issued a $22.00 target price on shares of Belmond in a report on Thursday, November 8th. Finally, ValuEngine upgraded Belmond from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Belmond currently has a consensus rating of “Hold” and an average target price of $19.25.

NYSE BEL traded up $0.01 during trading hours on Tuesday, hitting $24.92. 58,061 shares of the company’s stock were exchanged, compared to its average volume of 1,263,296. Belmond has a 1-year low of $10.30 and a 1-year high of $25.38. The stock has a market capitalization of $2.57 billion, a P/E ratio of 207.67, a P/E/G ratio of 4.61 and a beta of 0.50. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.31 and a quick ratio of 1.20.

A number of institutional investors have recently modified their holdings of the stock. Bluefin Trading LLC bought a new stake in shares of Belmond in the third quarter valued at $356,000. Millennium Management LLC grew its position in shares of Belmond by 81.1% in the second quarter. Millennium Management LLC now owns 108,960 shares of the company’s stock valued at $1,215,000 after purchasing an additional 48,803 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Belmond by 2.1% in the third quarter. Bank of New York Mellon Corp now owns 1,733,599 shares of the company’s stock valued at $31,638,000 after purchasing an additional 36,217 shares in the last quarter. Hsbc Holdings PLC purchased a new position in shares of Belmond in the third quarter valued at $219,000. Finally, Legal & General Group Plc grew its position in shares of Belmond by 13.6% in the third quarter. Legal & General Group Plc now owns 206,914 shares of the company’s stock valued at $3,781,000 after purchasing an additional 24,723 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

About Belmond

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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