Belmond Ltd. (NYSE:BEL) posted its earnings results on Monday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.07, Bloomberg Earnings reports. Belmond had a net margin of 1.18% and a return on equity of 3.99%. The firm had revenue of $165.90 million during the quarter, compared to analyst estimates of $168.93 million.
Belmond (NYSE:BEL) traded down 1.59% during midday trading on Friday, reaching $12.35. 1,476,482 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $12.95 and its 200-day moving average price is $12.78. Belmond has a one year low of $10.86 and a one year high of $14.45. The stock has a market cap of $1.26 billion, a PE ratio of 205.83 and a beta of 0.93.
COPYRIGHT VIOLATION WARNING: “Belmond Ltd. (NYSE:BEL) Issues Earnings Results, Beats Estimates By $0.07 EPS” was first published by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another website, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.com-unik.info/2017/08/19/belmond-ltd-nysebel-announces-quarterly-earnings-results-updated.html.
Several analysts have recently issued reports on the stock. BidaskClub upgraded shares of Belmond from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Zacks Investment Research upgraded shares of Belmond from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Barclays PLC restated an “overweight” rating and set a $15.00 price target (down previously from $16.00) on shares of Belmond in a research report on Thursday, August 10th. Finally, Telsey Advisory Group upgraded shares of Belmond from a “market perform” rating to an “outperform” rating and increased their price target for the company from $14.00 to $16.00 in a research report on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $14.40.
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.
What are top analysts saying about Belmond Ltd.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Belmond Ltd. and related companies.