Wall Street brokerages expect that Belmond Ltd. (NYSE:BEL) will report $168.93 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Belmond’s earnings. The lowest sales estimate is $165.27 million and the highest is $172.59 million. Belmond reported sales of $158.10 million during the same quarter last year, which indicates a positive year over year growth rate of 6.9%. The business is expected to announce its next earnings report after the market closes on Monday, August 7th.

On average, analysts expect that Belmond will report full year sales of $168.93 million for the current fiscal year, with estimates ranging from $564.04 million to $575.62 million. For the next financial year, analysts forecast that the business will report sales of $584.70 million per share, with estimates ranging from $581.32 million to $588.07 million. Zacks’ sales averages are an average based on a survey of research analysts that follow Belmond.

Belmond (NYSE:BEL) last issued its quarterly earnings data on Monday, May 8th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.05. The company had revenue of $95.40 million for the quarter, compared to analysts’ expectations of $91.83 million. Belmond had a return on equity of 1.74% and a net margin of 3.61%.

Several research firms recently weighed in on BEL. Telsey Advisory Group upgraded Belmond from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $14.00 to $16.00 in a research report on Tuesday, June 6th. Zacks Investment Research upgraded Belmond from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Finally, BidaskClub upgraded Belmond from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Belmond currently has an average rating of “Hold” and an average target price of $14.60.

Shares of Belmond (NYSE:BEL) remained flat at $13.00 during mid-day trading on Friday. The stock had a trading volume of 109,112 shares. The stock’s 50 day moving average is $12.76 and its 200 day moving average is $12.92. The company has a market cap of $1.33 billion, a PE ratio of 68.78 and a beta of 0.94. Belmond has a 1-year low of $9.60 and a 1-year high of $14.45.

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Institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue increased its position in shares of Belmond by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 9,330 shares of the company’s stock valued at $112,000 after buying an additional 190 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Belmond by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 34,400 shares of the company’s stock valued at $416,000 after buying an additional 400 shares during the last quarter. Arizona State Retirement System increased its position in shares of Belmond by 1.1% in the first quarter. Arizona State Retirement System now owns 44,000 shares of the company’s stock valued at $532,000 after buying an additional 500 shares during the last quarter. Legal & General Group Plc increased its position in shares of Belmond by 0.8% in the first quarter. Legal & General Group Plc now owns 156,236 shares of the company’s stock valued at $1,893,000 after buying an additional 1,166 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of Belmond by 0.6% in the first quarter. Bank of Montreal Can now owns 230,898 shares of the company’s stock valued at $2,794,000 after buying an additional 1,285 shares during the last quarter. Institutional investors and hedge funds own 75.45% of the company’s stock.

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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