$73.75 Million in Sales Expected for Lindblad Expeditions Holdings Inc (LIND) This Quarter

Share on StockTwits

Brokerages expect that Lindblad Expeditions Holdings Inc (NASDAQ:LIND) will report $73.75 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Lindblad Expeditions’ earnings, with the highest sales estimate coming in at $74.90 million and the lowest estimate coming in at $72.59 million. Lindblad Expeditions posted sales of $63.22 million during the same quarter last year, which suggests a positive year-over-year growth rate of 16.7%. The firm is expected to report its next quarterly earnings report on Wednesday, February 27th.

According to Zacks, analysts expect that Lindblad Expeditions will report full-year sales of $312.86 million for the current year, with estimates ranging from $311.71 million to $314.00 million. For the next financial year, analysts forecast that the company will report sales of $346.56 million, with estimates ranging from $344.40 million to $348.71 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Lindblad Expeditions.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings data on Friday, November 2nd. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). The business had revenue of $87.24 million during the quarter, compared to the consensus estimate of $91.26 million.

A number of equities analysts have commented on the company. BidaskClub lowered Lindblad Expeditions from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Investment Research raised Lindblad Expeditions from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Tuesday, August 7th. Deutsche Bank boosted their price objective on Lindblad Expeditions from $12.00 to $13.00 and gave the stock a “hold” rating in a research note on Monday, November 5th. Finally, Imperial Capital boosted their price objective on Lindblad Expeditions from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Monday, August 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Lindblad Expeditions presently has an average rating of “Buy” and a consensus price target of $13.75.

In other Lindblad Expeditions news, insider Trey Byus sold 40,000 shares of the business’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $14.38, for a total value of $575,200.00. Following the transaction, the insider now owns 416,607 shares of the company’s stock, valued at $5,990,808.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last three months, insiders sold 130,000 shares of company stock worth $1,876,900. Insiders own 51.60% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of LIND. Northern Trust Corp lifted its stake in shares of Lindblad Expeditions by 4.8% during the first quarter. Northern Trust Corp now owns 264,379 shares of the company’s stock valued at $2,715,000 after acquiring an additional 12,032 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Lindblad Expeditions by 36.5% during the first quarter. Dimensional Fund Advisors LP now owns 467,037 shares of the company’s stock valued at $4,796,000 after acquiring an additional 124,839 shares during the period. Millennium Management LLC lifted its stake in shares of Lindblad Expeditions by 145.7% during the first quarter. Millennium Management LLC now owns 252,634 shares of the company’s stock valued at $2,595,000 after acquiring an additional 149,802 shares during the period. Scout Investments Inc. lifted its stake in shares of Lindblad Expeditions by 6.1% during the second quarter. Scout Investments Inc. now owns 185,887 shares of the company’s stock valued at $2,463,000 after acquiring an additional 10,737 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in shares of Lindblad Expeditions during the second quarter valued at $250,000. 52.57% of the stock is currently owned by institutional investors and hedge funds.

Lindblad Expeditions stock opened at $13.28 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $618.05 million, a price-to-earnings ratio of 147.56 and a beta of 0.47. Lindblad Expeditions has a 52 week low of $8.66 and a 52 week high of $15.88.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest empowerment and interactivity. The company operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions.

Further Reading: Understanding Market Liquidity

Get a free copy of the Zacks research report on Lindblad Expeditions (LIND)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Lindblad Expeditions (NASDAQ:LIND)

Receive News & Ratings for Lindblad Expeditions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lindblad Expeditions and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply