Belmond Ltd (BEL) Expected to Announce Earnings of -$0.05 Per Share

Equities analysts expect Belmond Ltd (NYSE:BEL) to post ($0.05) earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Belmond’s earnings. Belmond posted earnings per share of $0.01 during the same quarter last year, which indicates a negative year over year growth rate of 600%. The firm is expected to announce its next quarterly earnings report after the market closes on Monday, February 26th.

According to Zacks, analysts expect that Belmond will report full year earnings of $0.13 per share for the current year. For the next fiscal year, analysts anticipate that the business will report earnings of $0.23 per share, with EPS estimates ranging from $0.20 to $0.26. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Belmond.

A number of brokerages recently commented on BEL. Zacks Investment Research lowered Belmond from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Deutsche Bank decreased their price objective on Belmond from $13.00 to $12.00 and set a “hold” rating on the stock in a research report on Wednesday, November 8th. Two 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. Belmond has a consensus rating of “Hold” and a consensus target price of $14.33.

A number of hedge funds have recently modified their holdings of the business. Millennium Management LLC raised its position in Belmond by 63.0% during the fourth quarter. Millennium Management LLC now owns 113,042 shares of the company’s stock valued at $1,385,000 after purchasing an additional 43,678 shares during the period. Flinton Capital Management LLC raised 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 valued at $209,000 after purchasing an additional 4,060 shares during the period. Garnet Equity Capital Holdings Inc. purchased a new stake in Belmond during the fourth quarter valued at approximately $1,838,000. Two Sigma Securities LLC purchased a new stake in Belmond during the fourth quarter valued at approximately $189,000. Finally, Two Sigma Investments LP purchased a new stake in Belmond during the fourth quarter valued at approximately $517,000. Institutional investors and hedge funds own 80.26% of the company’s stock.

Belmond (NYSE BEL) remained flat at $$12.30 during trading hours on Monday. 16,505 shares of the stock were exchanged, compared to its average volume of 296,004. The firm has a market cap of $1,258.78, a P/E ratio of -153.73 and a beta of 1.20. The company has a quick ratio of 1.77, a current ratio of 1.92 and a debt-to-equity ratio of 0.96. Belmond has a one year low of $11.00 and a one year high of $14.20.

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About Belmond

Belmond Ltd. (Belmond) is a hotel company and adventure travel operator. As of December 31, 2016, Belmond owned, partially-owned and/or operated 45 properties, consisting of 34 individual deluxe hotels, 29 of which are owned (including nine under long-term lease), five European tourist trains, two cruise ships in Myanmar (one of which is under long-term charter), one French canal cruise business consisting of five small canal boats, and one stand-alone restaurant in the United States.

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