Belmond Ltd. (NYSE:BEL) Issues Earnings Results, Beats Estimates By $0.07 EPS

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.

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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.

About Belmond

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.

Earnings History for Belmond (NYSE:BEL)

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