Wall Street analysts forecast that Lindblad Expeditions Holdings Inc (NASDAQ:LIND) will post sales of $91.26 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Lindblad Expeditions’ earnings, with the lowest sales estimate coming in at $90.40 million and the highest estimate coming in at $92.12 million. Lindblad Expeditions posted sales of $84.58 million during the same quarter last year, which suggests a positive year over year growth rate of 7.9%. The business is expected to announce its next earnings report on Tuesday, November 6th.

According to Zacks, analysts expect that Lindblad Expeditions will report full year sales of $314.28 million for the current financial year, with estimates ranging from $314.00 million to $314.55 million. For the next financial year, analysts anticipate that the business will report sales of $335.99 million per share, with estimates ranging from $329.18 million to $342.80 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Lindblad Expeditions.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.07. The firm had revenue of $69.47 million during the quarter, compared to analysts’ expectations of $66.90 million. Lindblad Expeditions had a return on equity of 14.76% and a net margin of 1.40%.

LIND has been the subject of several recent analyst reports. BidaskClub upgraded Lindblad Expeditions from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 21st. Zacks Investment Research upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Tuesday, August 7th. Finally, Imperial Capital lifted their price target on Lindblad Expeditions from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, August 6th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $13.25.

Lindblad Expeditions stock opened at $14.51 on Friday. The stock has a market cap of $664.82 million, a P/E ratio of 161.22 and a beta of -0.16. Lindblad Expeditions has a 52 week low of $8.66 and a 52 week high of $15.88. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.99 and a quick ratio of 0.97.

In other Lindblad Expeditions news, insider Trey Byus sold 25,750 shares of Lindblad Expeditions stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $13.87, for a total value of $357,152.50. Following the completion of the sale, the insider now owns 450,857 shares in the company, valued at approximately $6,253,386.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 155,750 shares of company stock valued at $2,234,053 in the last 90 days. 51.60% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. ValueAct Holdings L.P. acquired a new position in shares of Lindblad Expeditions in the 2nd quarter valued at about $22,409,000. Renaissance Technologies LLC lifted its stake in shares of Lindblad Expeditions by 184.3% in the 2nd quarter. Renaissance Technologies LLC now owns 737,200 shares of the company’s stock valued at $9,768,000 after purchasing an additional 477,900 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Lindblad Expeditions by 30.8% in the 2nd quarter. BlackRock Inc. now owns 1,357,199 shares of the company’s stock valued at $17,983,000 after purchasing an additional 319,807 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Lindblad Expeditions by 38.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 646,051 shares of the company’s stock valued at $8,560,000 after purchasing an additional 179,014 shares in the last quarter. Finally, Brown Advisory Inc. lifted its stake in shares of Lindblad Expeditions by 11.8% in the 1st quarter. Brown Advisory Inc. now owns 1,624,065 shares of the company’s stock valued at $16,679,000 after purchasing an additional 171,687 shares in the last quarter. Institutional investors own 54.30% of the company’s stock.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest empowerment and 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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