Zacks: Brokerages Expect Lindblad Expeditions Holdings Inc (NASDAQ:LIND) Will Announce Earnings of -$0.05 Per Share

Brokerages expect Lindblad Expeditions Holdings Inc (NASDAQ:LIND) to announce earnings per share (EPS) of ($0.05) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Lindblad Expeditions’ earnings, with the lowest EPS estimate coming in at ($0.06) and the highest estimate coming in at ($0.05). Lindblad Expeditions reported earnings per share of ($0.10) in the same quarter last year, which suggests a positive year over year growth rate of 50%. The business is expected to announce its next earnings report on Thursday, February 27th.

On average, analysts expect that Lindblad Expeditions will report full-year earnings of $0.26 per share for the current fiscal year. For the next fiscal year, analysts expect that the firm will post earnings of $0.52 per share, with EPS estimates ranging from $0.45 to $0.61. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Lindblad Expeditions.

Lindblad Expeditions (NASDAQ:LIND) last announced its earnings results on Wednesday, October 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.24). Lindblad Expeditions had a net margin of 3.11% and a return on equity of 12.77%. The business had revenue of $100.98 million for the quarter, compared to analyst estimates of $104.55 million.

A number of equities analysts recently weighed in on LIND shares. Sidoti raised Lindblad Expeditions from a “neutral” rating to a “buy” rating in a report on Thursday, October 31st. Deutsche Bank reaffirmed a “hold” rating and issued a $15.00 price target on shares of Lindblad Expeditions in a report on Sunday, August 4th. BidaskClub cut Lindblad Expeditions from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. TheStreet cut Lindblad Expeditions from a “b-” rating to a “c+” rating in a report on Monday, September 30th. Finally, ValuEngine cut Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $18.40.

In other Lindblad Expeditions news, Director L. Dyson Dryden sold 38,457 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $17.43, for a total transaction of $670,305.51. Following the completion of the transaction, the director now owns 1,291,700 shares of the company’s stock, valued at $22,514,331. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 239,221 shares of company stock valued at $4,381,568 in the last three months. Insiders own 50.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in LIND. First Trust Advisors LP raised its holdings in shares of Lindblad Expeditions by 2.4% during the first quarter. First Trust Advisors LP now owns 49,878 shares of the company’s stock valued at $761,000 after acquiring an additional 1,157 shares during the last quarter. Scout Investments Inc. increased its holdings in shares of Lindblad Expeditions by 63.7% in the second quarter. Scout Investments Inc. now owns 319,537 shares of the company’s stock valued at $5,736,000 after purchasing an additional 124,336 shares during the last quarter. Sawgrass Asset Management LLC increased its holdings in shares of Lindblad Expeditions by 427.4% in the second quarter. Sawgrass Asset Management LLC now owns 80,935 shares of the company’s stock valued at $1,453,000 after purchasing an additional 65,590 shares during the last quarter. Strs Ohio increased its holdings in shares of Lindblad Expeditions by 527.6% in the second quarter. Strs Ohio now owns 36,400 shares of the company’s stock valued at $653,000 after purchasing an additional 30,600 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Lindblad Expeditions by 72.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,238 shares of the company’s stock valued at $40,000 after purchasing an additional 940 shares during the last quarter. 54.80% of the stock is owned by institutional investors and hedge funds.

NASDAQ:LIND traded down $0.16 during mid-day trading on Friday, hitting $15.03. 120,700 shares of the company’s stock traded hands, compared to its average volume of 190,036. The company has a market capitalization of $750.37 million, a P/E ratio of 62.63 and a beta of 0.14. Lindblad Expeditions has a twelve month low of $11.98 and a twelve month high of $19.29. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.88 and a current ratio of 0.89. The company has a fifty day moving average of $16.68 and a 200 day moving average of $17.27.

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.

Featured Article: Why do commodities matter?

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

Earnings History and Estimates for Lindblad Expeditions (NASDAQ:LIND)

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.

Latest News