Zacks: Analysts Anticipate Belmond Ltd (BEL) Will Announce Earnings of -$0.05 Per Share

Analysts expect Belmond Ltd (NYSE:BEL) to post earnings of ($0.05) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Belmond’s earnings. Belmond posted earnings of $0.01 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 600%. The firm is expected to announce its next quarterly earnings report on Monday, February 26th.

On average, analysts expect that Belmond will report full-year earnings of $0.13 per share for the current financial year. For the next fiscal year, analysts forecast that the business will post earnings of $0.23 per share, with EPS estimates ranging from $0.20 to $0.26. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Belmond.

A number of research firms recently issued reports on BEL. Deutsche Bank AG decreased their price objective on Belmond from $13.00 to $12.00 and set a “hold” rating for the company in a report on Wednesday, November 8th. BidaskClub downgraded Belmond from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Finally, Barclays PLC reiterated an “overweight” rating and set a $15.00 price objective (down from $16.00) on shares of Belmond in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, three have 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 target price of $14.00.

Large investors have recently bought and sold shares of the stock. Riverhead Capital Management LLC boosted its position in Belmond by 99.7% during the second quarter. Riverhead Capital Management LLC now owns 10,186 shares of the company’s stock valued at $135,000 after purchasing an additional 5,086 shares during the last quarter. Flinton Capital Management LLC boosted its position in Belmond by 99.5% during the second quarter. Flinton Capital Management LLC now owns 11,284 shares of the company’s stock valued at $150,000 after purchasing an additional 5,628 shares during the last quarter. Amalgamated Bank boosted its position in Belmond by 7.5% during the second quarter. Amalgamated Bank now owns 12,195 shares of the company’s stock valued at $162,000 after purchasing an additional 856 shares during the last quarter. Verition Fund Management LLC acquired a new position in Belmond during the second quarter valued at approximately $208,000. Finally, KCG Holdings Inc. acquired a new position in Belmond during the first quarter valued at approximately $198,000. Institutional investors and hedge funds own 77.76% of the company’s stock.

Belmond (BEL) traded up $0.05 during trading hours on Friday, hitting $12.45. The company had a trading volume of 116,126 shares, compared to its average volume of 371,709. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.77 and a current ratio of 1.92. The company has a market capitalization of $1,269.01, a P/E ratio of 65.26 and a beta of 1.18. Belmond has a fifty-two week low of $11.00 and a fifty-two week high of $14.45.

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Belmond Company Profile

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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