Equities analysts predict that Belmond Ltd (NYSE:BEL) will post earnings of $0.28 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Belmond’s earnings. The highest EPS estimate is $0.35 and the lowest is $0.21. Belmond posted earnings per share of $0.15 during the same quarter last year, which suggests a positive year over year growth rate of 86.7%. The business is scheduled to report its next earnings report after the market closes on Tuesday, November 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 $0.09 to $0.29. For the next year, analysts expect that the business will report earnings of $0.33 per share, with EPS estimates ranging from $0.30 to $0.36. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Belmond.
Belmond (NYSE:BEL) last announced its earnings results on Wednesday, August 8th. The company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.04. Belmond had a negative net margin of 6.84% and a positive return on equity of 1.48%. The business had revenue of $171.60 million during the quarter, compared to the consensus estimate of $176.22 million.
BEL has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded shares of Belmond from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Friday, August 10th. Deutsche Bank increased their price target on shares of Belmond to $17.00 and gave the company a “hold” rating in a report on Friday, August 10th. ValuEngine upgraded shares of Belmond from a “hold” rating to a “buy” rating in a report on Thursday, August 9th. Zacks Investment Research upgraded shares of Belmond from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Wednesday, October 10th. Finally, Barclays cut shares of Belmond from an “overweight” rating to an “underweight” rating and increased their price target for the company from $14.00 to $15.00 in a report on Tuesday, July 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $18.00.
Large investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in Belmond by 6.4% in the second quarter. BlackRock Inc. now owns 11,956,270 shares of the company’s stock worth $133,312,000 after purchasing an additional 721,612 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Belmond by 212.8% in the second quarter. SG Americas Securities LLC now owns 29,411 shares of the company’s stock worth $328,000 after purchasing an additional 20,009 shares during the last quarter. Long Pond Capital LP purchased a new stake in Belmond in the second quarter worth approximately $4,436,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Belmond in the second quarter worth approximately $198,000. Finally, Caerus Investors LLC purchased a new stake in Belmond in the second quarter worth approximately $3,748,000. Hedge funds and other institutional investors own 83.11% of the company’s stock.
Shares of NYSE:BEL traded down $0.51 during trading on Thursday, reaching $17.55. 347,686 shares of the stock traded hands, compared to its average volume of 892,166. Belmond has a 52-week low of $10.30 and a 52-week high of $18.69. The company has a quick ratio of 1.45, a current ratio of 1.57 and a debt-to-equity ratio of 1.16. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 146.25, a PEG ratio of 6.16 and a beta of 1.53.
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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