Equities analysts forecast that Belmond Ltd (NYSE:BEL) will report $127.62 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Belmond’s earnings. The highest sales estimate is $128.13 million and the lowest is $127.10 million. Belmond reported sales of $114.20 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.8%. The business is scheduled to issue its next quarterly earnings report after the market closes on Monday, February 26th.
On average, analysts expect that Belmond will report full year sales of $127.62 million for the current year, with estimates ranging from $571.40 million to $572.43 million. For the next year, analysts forecast that the firm will report sales of $599.02 million per share, with estimates ranging from $596.91 million to $601.12 million. Zacks’ sales calculations are an average based on a survey of research analysts that cover Belmond.
BEL has been the subject of several recent analyst reports. Deutsche Bank dropped their price objective on Belmond from $13.00 to $12.00 and set a “hold” rating for the company in a research note on Wednesday, November 8th. Zacks Investment Research lowered Belmond from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. Belmond presently has a consensus rating of “Hold” and an average price target of $14.33.
Several large investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Belmond by 3.1% in the fourth quarter. BlackRock Inc. now owns 11,145,737 shares of the company’s stock valued at $136,535,000 after buying an additional 329,994 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Belmond by 4.1% in the second quarter. Vanguard Group Inc. now owns 7,582,131 shares of the company’s stock valued at $100,843,000 after buying an additional 295,379 shares in the last quarter. Hosking Partners LLP increased its stake in shares of Belmond by 0.5% in the third quarter. Hosking Partners LLP now owns 3,384,653 shares of the company’s stock valued at $46,201,000 after buying an additional 15,663 shares in the last quarter. State Street Corp increased its stake in shares of Belmond by 6.0% in the second quarter. State Street Corp now owns 2,098,452 shares of the company’s stock valued at $27,908,000 after buying an additional 119,426 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Belmond by 14.2% in the second quarter. Northern Trust Corp now owns 1,615,812 shares of the company’s stock valued at $21,490,000 after buying an additional 200,717 shares in the last quarter. Institutional investors own 80.26% of the company’s stock.
Belmond (NYSE:BEL) traded down $0.05 during trading on Wednesday, reaching $12.30. The company’s stock had a trading volume of 218,215 shares, compared to its average volume of 337,574. The company has a quick ratio of 1.77, a current ratio of 1.92 and a debt-to-equity ratio of 0.96. Belmond has a 1 year low of $11.00 and a 1 year high of $14.20. The firm has a market capitalization of $1,263.89, a price-to-earnings ratio of -153.73 and a beta of 1.20.
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Belmond Ltd. (Belmond) is a hotel company and adventure travel operator. As of December 31, 2016, Belmond owned, partially-owned and/or operated 45 properties, consisting of 34 individual deluxe hotels, 29 of which are owned (including nine under long-term lease), five European tourist trains, two cruise ships in Myanmar (one of which is under long-term charter), one French canal cruise business consisting of five small canal boats, and one stand-alone restaurant in the United States.
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