Brokerages Expect Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Will Post Earnings of -$0.61 Per Share

Wall Street analysts expect Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND – Get Rating) to post earnings per share (EPS) of ($0.61) for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Lindblad Expeditions’ earnings, with the lowest EPS estimate coming in at ($0.70) and the highest estimate coming in at ($0.46). Lindblad Expeditions posted earnings per share of ($0.66) during the same quarter last year, which indicates a positive year-over-year growth rate of 7.6%. The company is expected to issue its next quarterly earnings report before the market opens on Monday, January 1st.

On average, analysts expect that Lindblad Expeditions will report full year earnings of ($1.37) per share for the current financial year, with EPS estimates ranging from ($1.56) to ($0.82). For the next fiscal year, analysts forecast that the company will post earnings of $0.11 per share, with EPS estimates ranging from ($0.02) to $0.26. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Lindblad Expeditions.

Lindblad Expeditions (NASDAQ:LIND – Get Rating) last released its earnings results on Tuesday, February 22nd. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.49) by ($0.05). The firm had revenue of $65.55 million during the quarter, compared to analyst estimates of $61.16 million. During the same quarter in the prior year, the firm posted ($0.59) earnings per share.

LIND has been the topic of a number of analyst reports. Stifel Nicolaus decreased their price target on Lindblad Expeditions from $24.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, February 23rd. Deutsche Bank Aktiengesellschaft decreased their price target on Lindblad Expeditions from $17.00 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, February 23rd. Oppenheimer initiated coverage on Lindblad Expeditions in a research note on Thursday, April 21st. They issued an “outperform” rating and a $20.00 price target on the stock. StockNews.com upgraded Lindblad Expeditions to a “sell” rating in a research note on Thursday, April 14th. Finally, Zacks Investment Research downgraded Lindblad Expeditions from a “hold” rating to a “sell” rating in a research note on Tuesday, April 26th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $19.20.

Shares of NASDAQ:LIND traded down $0.81 during trading on Friday, reaching $15.31. The company had a trading volume of 265,632 shares, compared to its average volume of 179,349. The company has a market cap of $777.90 million, a price-to-earnings ratio of -6.35 and a beta of 2.20. The firm’s fifty day moving average price is $15.03. Lindblad Expeditions has a fifty-two week low of $11.19 and a fifty-two week high of $19.13.

In other Lindblad Expeditions news, Director Alex P. Schultz bought 36,200 shares of the stock in a transaction that occurred on Wednesday, March 16th. The shares were purchased at an average cost of $11.84 per share, for a total transaction of $428,608.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sven-Olof Lindblad sold 12,444 shares of the stock in a transaction on Friday, February 11th. The shares were sold at an average price of $18.61, for a total value of $231,582.84. The disclosure for this sale can be found here. Insiders sold 82,658 shares of company stock valued at $1,397,660 over the last quarter. Insiders own 39.20% of the company’s stock.

Large investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Lindblad Expeditions by 2.4% during the fourth quarter. BlackRock Inc. now owns 2,130,422 shares of the company’s stock valued at $33,235,000 after purchasing an additional 49,418 shares in the last quarter. Ariel Investments LLC bought a new position in shares of Lindblad Expeditions in the fourth quarter valued at approximately $17,385,000. Next Century Growth Investors LLC raised its position in Lindblad Expeditions by 37.5% in the 3rd quarter. Next Century Growth Investors LLC now owns 1,114,274 shares of the company’s stock worth $16,257,000 after purchasing an additional 303,961 shares during the last quarter. Royce & Associates LP raised its position in Lindblad Expeditions by 1.3% in the 4th quarter. Royce & Associates LP now owns 1,021,768 shares of the company’s stock worth $15,940,000 after purchasing an additional 12,800 shares during the last quarter. Finally, Emerald Advisers LLC raised its position in Lindblad Expeditions by 3.1% in the 1st quarter. Emerald Advisers LLC now owns 1,004,000 shares of the company’s stock worth $15,140,000 after purchasing an additional 30,115 shares during the last quarter. Institutional investors and hedge funds own 87.14% of the company’s stock.

Lindblad Expeditions Company Profile (Get Rating)

Lindblad Expeditions Holdings, Inc provides expedition cruising and land-based adventure travel experiences. The company delivers voyages through a fleet of ten 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.

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