Equities research analysts predict that Belmond (NYSE:BEL) will post $175.33 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Belmond’s earnings, with the lowest sales estimate coming in at $172.74 million and the highest estimate coming in at $177.91 million. Belmond reported sales of $165.90 million in the same quarter last year, which indicates a positive year over year growth rate of 5.7%. The company is scheduled to issue its next quarterly earnings results on Monday, August 6th.

On average, analysts expect that Belmond will report full-year sales of $589.91 million for the current year, with estimates ranging from $580.24 million to $599.58 million. For the next financial year, analysts forecast that the business will report sales of $644.82 million per share, with estimates ranging from $633.27 million to $656.37 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Belmond.

Belmond (NYSE:BEL) last announced its earnings results on Tuesday, May 8th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.06). Belmond had a negative net margin of 7.52% and a positive return on equity of 1.50%. The company had revenue of $89.70 million during the quarter, compared to analyst estimates of $100.92 million.

Several analysts have recently issued reports on BEL shares. ValuEngine lowered shares of Belmond from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Zacks Investment Research lowered shares of Belmond from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $14.33.

Shares of Belmond opened at $11.70 on Friday, according to MarketBeat.com. Belmond has a 52-week low of $11.55 and a 52-week high of $11.67. The stock has a market capitalization of $1.20 billion, a PE ratio of 116.50 and a beta of 1.30. The company has a current ratio of 1.53, a quick ratio of 1.39 and a debt-to-equity ratio of 1.07.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Flinton Capital Management LLC boosted its position in Belmond by 31.3% during the fourth quarter. Flinton Capital Management LLC now owns 17,052 shares of the company’s stock worth $209,000 after acquiring an additional 4,060 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in Belmond by 0.7% during the fourth quarter. Gamco Investors INC. ET AL now owns 660,900 shares of the company’s stock worth $8,096,000 after acquiring an additional 4,500 shares during the last quarter. Jefferies Group LLC boosted its position in Belmond by 28.0% during the fourth quarter. Jefferies Group LLC now owns 21,572 shares of the company’s stock worth $264,000 after acquiring an additional 4,719 shares during the last quarter. Wellington Shields & Co. LLC boosted its position in Belmond by 3.3% during the fourth quarter. Wellington Shields & Co. LLC now owns 162,200 shares of the company’s stock worth $1,987,000 after acquiring an additional 5,200 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in Belmond by 7.4% during the third quarter. Wells Fargo & Company MN now owns 89,853 shares of the company’s stock worth $1,227,000 after acquiring an additional 6,193 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

About Belmond

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.

Get a free copy of the Zacks research report on Belmond (BEL)

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

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