Zacks: Brokerages Anticipate Belmond (BEL) Will Post Quarterly Sales of $100.92 Million

Wall Street analysts expect Belmond (NYSE:BEL) to report sales of $100.92 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Belmond’s earnings, with the highest sales estimate coming in at $104.94 million and the lowest estimate coming in at $96.90 million. Belmond posted sales of $95.40 million in the same quarter last year, which would indicate a positive year over year growth rate of 5.8%. The firm is expected to announce its next quarterly earnings report after the market closes on Tuesday, May 8th.

According to Zacks, analysts expect that Belmond will report full-year sales of $608.84 million for the current fiscal year, with estimates ranging from $598.30 million to $619.38 million. For the next year, analysts expect that the business will post sales of $637.61 million per share, with estimates ranging from $632.65 million to $642.57 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Belmond.

Belmond (NYSE:BEL) last posted its quarterly earnings results on Monday, February 26th. The company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.01). The firm had revenue of $117.30 million during the quarter, compared to the consensus estimate of $127.62 million. Belmond had a positive return on equity of 1.73% and a negative net margin of 8.01%.

A number of equities analysts have weighed in on BEL shares. Zacks Investment Research lowered shares of Belmond from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. ValuEngine lowered shares of Belmond from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $14.33.

Institutional investors and hedge funds have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. boosted its position in shares of Belmond by 5.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 375,603 shares of the company’s stock worth $5,127,000 after acquiring an additional 19,952 shares during the last quarter. Pinebridge Investments L.P. boosted its position in shares of Belmond by 353.7% during the fourth quarter. Pinebridge Investments L.P. now owns 47,246 shares of the company’s stock worth $579,000 after acquiring an additional 36,833 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of Belmond during the fourth quarter worth $368,000. Citadel Advisors LLC boosted its position in shares of Belmond by 925.8% during the fourth quarter. Citadel Advisors LLC now owns 104,337 shares of the company’s stock worth $1,278,000 after acquiring an additional 94,166 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted 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 worth $8,096,000 after acquiring an additional 4,500 shares during the last quarter. Institutional investors and hedge funds own 81.69% of the company’s stock.

Shares of BEL traded up $0.15 during mid-day trading on Friday, reaching $11.25. The stock had a trading volume of 185,112 shares, compared to its average volume of 359,038. The firm has a market cap of $1,136.58, a P/E ratio of 92.50 and a beta of 1.29. Belmond has a 12 month low of $10.75 and a 12 month high of $14.20. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.98 and a quick ratio of 1.81.

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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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