Equities analysts forecast that Belmond Ltd (NYSE:BEL) will announce ($0.11) earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Belmond’s earnings, with the highest EPS estimate coming in at $0.05 and the lowest estimate coming in at ($0.21). Belmond reported earnings per share of ($0.06) in the same quarter last year, which would indicate a negative year-over-year growth rate of 83.3%. The business is scheduled to announce its next earnings results on Monday, February 25th.

According to Zacks, analysts expect that Belmond will report full-year earnings of $0.30 per share for the current fiscal year, with EPS estimates ranging from $0.20 to $0.40. For the next fiscal year, analysts anticipate that the business will report earnings of $0.36 per share, with EPS estimates ranging from $0.31 to $0.44. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that follow Belmond.

Belmond (NYSE:BEL) last posted its quarterly earnings data on Tuesday, November 6th. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.06. The firm had revenue of $193.20 million for the quarter, compared to the consensus estimate of $193.78 million. Belmond had a negative net margin of 5.88% and a positive return on equity of 4.42%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year.

A number of analysts have weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and set a $22.00 target price on shares of Belmond in a report on Thursday, November 8th. ValuEngine raised shares of Belmond from a “hold” rating to a “buy” rating in a report on Thursday, August 9th. Zacks Investment Research cut shares of Belmond from a “buy” rating to a “hold” rating in a report on Friday, November 2nd. Finally, Deutsche Bank increased their target price on shares of Belmond to $17.00 and gave the stock a “hold” rating in a report on Friday, August 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $18.50.

Several large investors have recently modified their holdings of BEL. Wells Fargo & Company MN increased its holdings in shares of Belmond by 24.2% in the 1st quarter. Wells Fargo & Company MN now owns 93,695 shares of the company’s stock worth $1,045,000 after acquiring an additional 18,271 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Belmond by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 643,570 shares of the company’s stock worth $7,176,000 after acquiring an additional 15,609 shares during the period. KBC Group NV increased its holdings in shares of Belmond by 36.0% in the 2nd quarter. KBC Group NV now owns 24,188 shares of the company’s stock worth $270,000 after acquiring an additional 6,402 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Belmond in the 2nd quarter worth about $198,000. Finally, Parnassus Investments CA increased its holdings in shares of Belmond by 76.5% in the 2nd quarter. Parnassus Investments CA now owns 1,765,147 shares of the company’s stock worth $19,681,000 after acquiring an additional 765,147 shares during the period. 83.26% of the stock is currently owned by institutional investors.

Shares of NYSE:BEL opened at $18.40 on Friday. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 61.79, a price-to-earnings-growth ratio of 3.98 and a beta of 1.48. Belmond has a 1-year low of $10.30 and a 1-year high of $19.36. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.20 and a current ratio of 1.31.

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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Earnings History and Estimates for Belmond (NYSE:BEL)

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