Brokerages Anticipate Lindblad Expeditions Holdings Inc (LIND) Will Post Earnings of $0.05 Per Share

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Analysts expect Lindblad Expeditions Holdings Inc (NASDAQ:LIND) to post $0.05 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Lindblad Expeditions’ earnings. The highest EPS estimate is $0.07 and the lowest is $0.03. The company is scheduled to announce its next earnings results on Thursday, August 1st.

According to Zacks, analysts expect that Lindblad Expeditions will report full-year earnings of $0.51 per share for the current fiscal year, with EPS estimates ranging from $0.49 to $0.54. For the next financial year, analysts forecast that the firm will report earnings of $0.61 per share, with EPS estimates ranging from $0.53 to $0.70. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover Lindblad Expeditions.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.23 by $0.08. The company had revenue of $89.65 million during the quarter, compared to the consensus estimate of $95.13 million. Lindblad Expeditions had a return on equity of 12.72% and a net margin of 4.80%.

Several equities research analysts have recently commented on LIND shares. Imperial Capital reissued an “outperform” rating and issued a $18.00 price objective (up previously from $17.00) on shares of Lindblad Expeditions in a report on Monday, March 4th. TheStreet raised Lindblad Expeditions from a “c+” rating to a “b-” rating in a report on Monday, March 11th. BidaskClub raised Lindblad Expeditions from a “strong sell” rating to a “sell” rating in a report on Friday, March 1st. Deutsche Bank set a $14.00 price target on Lindblad Expeditions and gave the company a “hold” rating in a report on Friday, March 1st. Finally, Zacks Investment Research downgraded Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 8th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $17.00.

In other Lindblad Expeditions news, insider Trey Byus sold 20,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $15.18, for a total transaction of $303,600.00. Following the completion of the sale, the insider now owns 336,607 shares of the company’s stock, valued at approximately $5,109,694.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 218,070 shares of company stock valued at $3,427,357 in the last ninety days. Insiders own 51.60% of the company’s stock.

A number of hedge funds have recently bought and sold shares of LIND. Oppenheimer Asset Management Inc. bought a new position in Lindblad Expeditions during the 4th quarter worth $37,000. Legal & General Group Plc increased its position in shares of Lindblad Expeditions by 27.4% in the fourth quarter. Legal & General Group Plc now owns 4,286 shares of the company’s stock worth $57,000 after purchasing an additional 921 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Lindblad Expeditions by 18,404.2% in the first quarter. BNP Paribas Arbitrage SA now owns 4,441 shares of the company’s stock worth $68,000 after purchasing an additional 4,417 shares during the period. Strs Ohio bought a new position in shares of Lindblad Expeditions in the fourth quarter worth $78,000. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of Lindblad Expeditions by 371.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,547 shares of the company’s stock worth $102,000 after purchasing an additional 5,945 shares during the period. Hedge funds and other institutional investors own 59.08% of the company’s stock.

Shares of NASDAQ LIND traded down $0.08 during trading hours on Friday, hitting $15.96. The company had a trading volume of 3,697 shares, compared to its average volume of 209,925. The company has a market cap of $739.19 million, a PE ratio of 66.58 and a beta of 0.04. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.50. Lindblad Expeditions has a 1-year low of $11.80 and a 1-year high of $16.60.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. It delivers voyages through a fleet of eight owned expedition ships and five seasonal charter vessels under the Lindblad brand; and operates eco-conscious expeditions and nature focused small-group tours under the Natural Habitat brand.

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