Brokerages forecast that Lindblad Expeditions Holdings Inc (NASDAQ:LIND) will post sales of $104.55 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Lindblad Expeditions’ earnings, with the lowest sales estimate coming in at $101.10 million and the highest estimate coming in at $106.44 million. Lindblad Expeditions reported sales of $87.24 million in the same quarter last year, which would suggest a positive year over year growth rate of 19.8%. The business is expected to announce its next quarterly earnings report on Friday, November 1st.

According to Zacks, analysts expect that Lindblad Expeditions will report full year sales of $354.72 million for the current financial year, with estimates ranging from $352.40 million to $358.05 million. For the next financial year, analysts anticipate that the business will post sales of $397.57 million, with estimates ranging from $396.00 million to $398.42 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Lindblad Expeditions.

Lindblad Expeditions (NASDAQ:LIND) last posted its earnings results on Thursday, August 1st. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). The company had revenue of $76.66 million during the quarter, compared to the consensus estimate of $79.58 million. Lindblad Expeditions had a return on equity of 12.98% and a net margin of 4.96%.

A number of research analysts have recently commented on the stock. Deutsche Bank reissued a “hold” rating and issued a $15.00 target price on shares of Lindblad Expeditions in a report on Sunday, August 4th. Imperial Capital reissued an “outperform” rating and issued a $22.00 target price (up previously from $21.00) on shares of Lindblad Expeditions in a report on Tuesday, August 6th. BidaskClub raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd. Sidoti downgraded Lindblad Expeditions from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research note on Tuesday, July 2nd. Finally, Zacks Investment Research downgraded Lindblad Expeditions from a “buy” rating to a “sell” rating in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Lindblad Expeditions currently has an average rating of “Hold” and an average target price of $18.40.

Shares of LIND stock traded up $0.22 on Wednesday, reaching $18.44. The company had a trading volume of 138,653 shares, compared to its average volume of 190,035. The stock has a market capitalization of $914.64 million, a PE ratio of 76.83 and a beta of 0.16. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 1.46. Lindblad Expeditions has a one year low of $11.98 and a one year high of $19.20. The business’s 50-day moving average is $18.23 and its 200 day moving average is $16.17.

In other news, insider Benjamin Bressler sold 66,051 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $16.28, for a total transaction of $1,075,310.28. Following the completion of the sale, the insider now owns 86,900 shares of the company’s stock, valued at approximately $1,414,732. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Trey Byus sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $18.02, for a total transaction of $162,180.00. Following the sale, the insider now directly owns 108,395 shares of the company’s stock, valued at approximately $1,953,277.90. The disclosure for this sale can be found here. Insiders have sold a total of 150,051 shares of company stock valued at $2,508,852 in the last three months. Insiders own 50.20% of the company’s stock.

Several hedge funds have recently made changes to their positions in LIND. Susquehanna International Group LLP grew its holdings in Lindblad Expeditions by 21.5% during the 2nd quarter. Susquehanna International Group LLP now owns 34,369 shares of the company’s stock valued at $617,000 after buying an additional 6,078 shares in the last quarter. Summit Global Investments bought a new stake in shares of Lindblad Expeditions during the 2nd quarter valued at about $774,000. Bamco Inc. NY bought a new stake in shares of Lindblad Expeditions during the 2nd quarter valued at about $969,000. Zacks Investment Management boosted its position in shares of Lindblad Expeditions by 25.3% during the 2nd quarter. Zacks Investment Management now owns 152,727 shares of the company’s stock valued at $2,741,000 after acquiring an additional 30,834 shares during the last quarter. Finally, Nuveen Asset Management LLC bought a new stake in shares of Lindblad Expeditions during the 2nd quarter valued at about $5,718,000. 55.40% of the stock is owned by institutional investors.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. It delivers voyages through a fleet of eight owned expedition ships and five seasonal charter vessels under the Lindblad brand; and operates eco-conscious expeditions and nature focused small-group tours under the Natural Habitat brand.

Further Reading: How to read a candlestick chart

Get a free copy of the Zacks research report on Lindblad Expeditions (LIND)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Lindblad Expeditions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lindblad Expeditions and related companies with MarketBeat.com's FREE daily email newsletter.