Lindblad Expeditions Holdings Inc. (LIND) Expected to Post Earnings of $0.16 Per Share
Analysts expect that Lindblad Expeditions Holdings Inc. (NASDAQ:LIND) will report earnings of $0.16 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Lindblad Expeditions Holdings’ earnings, with the lowest EPS estimate coming in at $0.14 and the highest estimate coming in at $0.18. Lindblad Expeditions Holdings also reported earnings per share of $0.16 in the same quarter last year. The company is expected to announce its next earnings report on Friday, November 3rd.
According to Zacks, analysts expect that Lindblad Expeditions Holdings will report full-year earnings of $0.12 per share for the current year, with EPS estimates ranging from $0.09 to $0.14. For the next fiscal year, analysts forecast that the firm will report earnings of $0.26 per share, with EPS estimates ranging from $0.10 to $0.42. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Lindblad Expeditions Holdings.
Lindblad Expeditions Holdings (NASDAQ:LIND) last announced its quarterly earnings results on Thursday, August 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.02. Lindblad Expeditions Holdings had a negative net margin of 1.30% and a positive return on equity of 0.87%. The company had revenue of $55.57 million during the quarter, compared to the consensus estimate of $50.84 million.
A number of equities research analysts have weighed in on LIND shares. BidaskClub lowered Lindblad Expeditions Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Deutsche Bank AG reiterated a “hold” rating and issued a $10.00 price objective (up from $9.50) on shares of Lindblad Expeditions Holdings in a report on Wednesday, August 9th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $11.20.
Lindblad Expeditions Holdings (NASDAQ LIND) traded up 0.19% during midday trading on Wednesday, hitting $10.72. The company had a trading volume of 66,334 shares. Lindblad Expeditions Holdings has a 52 week low of $7.75 and a 52 week high of $11.26. The firm’s market capitalization is $483.11 million. The firm’s 50 day moving average is $10.61 and its 200-day moving average is $9.77.
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In other news, insider Benjamin Bressler sold 14,931 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $10.77, for a total value of $160,806.87. Following the completion of the sale, the insider now owns 188,157 shares of the company’s stock, valued at approximately $2,026,450.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 50.10% of the company’s stock.
Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in Lindblad Expeditions Holdings by 52.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 152,117 shares of the company’s stock worth $1,363,000 after purchasing an additional 52,593 shares during the period. Goldman Sachs Group Inc. bought a new position in shares of Lindblad Expeditions Holdings during the first quarter valued at about $1,039,000. Russell Investments Group Ltd. grew its stake in shares of Lindblad Expeditions Holdings by 8.0% during the second quarter. Russell Investments Group Ltd. now owns 203,056 shares of the company’s stock valued at $2,132,000 after buying an additional 15,056 shares during the last quarter. Rice Hall James & Associates LLC grew its stake in shares of Lindblad Expeditions Holdings by 246.4% during the second quarter. Rice Hall James & Associates LLC now owns 134,295 shares of the company’s stock valued at $1,410,000 after buying an additional 95,526 shares during the last quarter. Finally, Penn Capital Management Co. Inc. grew its stake in shares of Lindblad Expeditions Holdings by 11.1% during the second quarter. Penn Capital Management Co. Inc. now owns 267,062 shares of the company’s stock valued at $2,804,000 after buying an additional 26,771 shares during the last quarter. Institutional investors own 48.95% of the company’s stock.
About Lindblad Expeditions Holdings
Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services in the United States. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest interactivity. The company operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions.
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