Analysts expect Belmond (NYSE:BEL) to report sales of $100.92 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Belmond’s earnings. The highest sales estimate is $104.94 million and the lowest is $96.90 million. Belmond reported sales of $95.40 million during the same quarter last year, which indicates a positive year-over-year growth rate of 5.8%. The company is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, May 8th.

On average, analysts expect that Belmond will report full year sales of $608.84 million for the current year, with estimates ranging from $598.30 million to $619.38 million. For the next fiscal year, analysts expect that the company will report sales of $637.61 million per share, with estimates ranging from $632.65 million to $642.57 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Belmond.

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Belmond (NYSE:BEL) last posted its quarterly earnings results on Monday, February 26th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The firm had revenue of $117.30 million during the quarter, compared to analyst estimates of $127.62 million. Belmond had a negative net margin of 8.01% and a positive return on equity of 1.73%.

Several equities analysts have commented on BEL shares. Zacks Investment Research cut Belmond from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. ValuEngine cut Belmond from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Belmond presently has a consensus rating of “Hold” and a consensus price target of $14.33.

Several hedge funds have recently added to or reduced their stakes in the company. Flinton Capital Management LLC grew its stake in shares of Belmond by 31.3% in the 4th quarter. Flinton Capital Management LLC now owns 17,052 shares of the company’s stock valued at $209,000 after purchasing an additional 4,060 shares during the period. Gamco Investors INC. ET AL grew its stake in shares of Belmond by 0.7% in the 4th quarter. Gamco Investors INC. ET AL now owns 660,900 shares of the company’s stock valued at $8,096,000 after purchasing an additional 4,500 shares during the period. Jefferies Group LLC grew its stake in shares of Belmond by 28.0% in the 4th quarter. Jefferies Group LLC now owns 21,572 shares of the company’s stock valued at $264,000 after purchasing an additional 4,719 shares during the period. Wellington Shields & Co. LLC grew its stake in shares of Belmond by 3.3% in the 4th quarter. Wellington Shields & Co. LLC now owns 162,200 shares of the company’s stock valued at $1,987,000 after purchasing an additional 5,200 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of Belmond by 7.4% in the 3rd quarter. Wells Fargo & Company MN now owns 89,853 shares of the company’s stock valued at $1,227,000 after purchasing an additional 6,193 shares during the period. Institutional investors own 81.69% of the company’s stock.

Belmond stock traded up $0.15 during trading hours on Friday, hitting $11.25. The stock had a trading volume of 185,112 shares, compared to its average volume of 359,038. The company has a quick ratio of 1.81, a current ratio of 1.98 and a debt-to-equity ratio of 1.00. The stock has a market cap of $1,136.58, a price-to-earnings ratio of 92.50 and a beta of 1.29. Belmond has a fifty-two week low of $10.75 and a fifty-two week high of $14.20.

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Belmond Company Profile

Belmond Ltd. engages in the hotel and travel businesses. As of December 31, 2017, the company owned, invested in, or managed 36 deluxe hotels and resort properties in the United States, Mexico, The Caribbean, Europe, Southern Africa, South America, and Southeast Asia; 1 stand-alone restaurant in New York; 7 tourist trains in Europe, Southeast Asia, and Peru; 1 river cruise in Myanmar; and 1 canal boat business in France.

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