Equities analysts forecast that Belmond Ltd (NYSE:BEL) will announce $0.14 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Belmond’s earnings. The lowest EPS estimate is $0.11 and the highest is $0.18. Belmond posted earnings per share of $0.19 in the same quarter last year, which indicates a negative year-over-year growth rate of 26.3%. The company is expected to announce its next earnings report on Monday, August 6th.
On average, analysts expect that Belmond will report full year earnings of $0.19 per share for the current year, with EPS estimates ranging from $0.18 to $0.20. For the next fiscal year, analysts expect that the firm will report earnings of $0.27 per share, with EPS estimates ranging from $0.23 to $0.32. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Belmond.
Belmond (NYSE:BEL) last issued its quarterly earnings results on Tuesday, May 8th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Belmond had a negative net margin of 7.52% and a positive return on equity of 1.50%. The firm had revenue of $89.70 million for the quarter, compared to analysts’ expectations of $100.92 million.
BEL has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Belmond from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. ValuEngine cut shares of Belmond from a “hold” rating to a “sell” rating in a research report on Wednesday, March 28th. Finally, Jefferies Group started coverage on shares of Belmond in a research report on Thursday, May 31st. They set a “hold” rating and a $13.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $13.33.
Several institutional investors have recently added to or reduced their stakes in BEL. Schwab Charles Investment Management Inc. raised its position in shares of Belmond by 9.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 411,834 shares of the company’s stock valued at $5,045,000 after buying an additional 36,231 shares during the last quarter. Mutual of America Capital Management LLC raised its position in shares of Belmond by 2.9% during the fourth quarter. Mutual of America Capital Management LLC now owns 376,162 shares of the company’s stock valued at $4,608,000 after buying an additional 10,774 shares during the last quarter. Gamco Investors INC. ET AL raised its position in shares of Belmond by 0.7% during the fourth quarter. Gamco Investors INC. ET AL now owns 660,900 shares of the company’s stock valued at $8,096,000 after buying an additional 4,500 shares during the last quarter. Wellington Shields & Co. LLC raised its position in shares of Belmond by 3.3% during the fourth quarter. Wellington Shields & Co. LLC now owns 162,200 shares of the company’s stock valued at $1,987,000 after buying an additional 5,200 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Belmond during the fourth quarter valued at approximately $368,000. Hedge funds and other institutional investors own 82.41% of the company’s stock.
Belmond traded down $0.10, hitting $12.00, during trading hours on Friday, Marketbeat.com reports. 291,600 shares of the stock traded hands, compared to its average volume of 389,709. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.53 and a quick ratio of 1.39. Belmond has a 1 year low of $10.30 and a 1 year high of $14.20. The company has a market capitalization of $1.24 billion, a P/E ratio of 101.25, a P/E/G ratio of 5.07 and a beta of 1.28.
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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