Brokerages expect Lindblad Expeditions, LLC (NASDAQ:LIND) to report $77.51 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Lindblad Expeditions’ earnings. The highest sales estimate is $79.92 million and the lowest is $75.10 million. Lindblad Expeditions reported sales of $63.13 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 22.8%. The company is expected to issue its next earnings results before the market opens on Thursday, May 3rd.

On average, analysts expect that Lindblad Expeditions will report full year sales of $311.47 million for the current year, with estimates ranging from $311.10 million to $311.83 million. For the next fiscal year, analysts expect that the firm will post sales of $330.92 million per share, with estimates ranging from $326.44 million to $335.40 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Lindblad Expeditions.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.01). Lindblad Expeditions had a negative net margin of 3.25% and a positive return on equity of 7.20%. The firm had revenue of $63.22 million during the quarter, compared to analysts’ expectations of $55.71 million.

Several equities analysts recently commented on LIND shares. Zacks Investment Research upgraded Lindblad Expeditions from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. BidaskClub upgraded Lindblad Expeditions from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 3rd. ValuEngine downgraded Lindblad Expeditions from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Finally, Citigroup dropped their price objective on Lindblad Expeditions from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, March 5th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Lindblad Expeditions has a consensus rating of “Buy” and a consensus target price of $10.50.

Lindblad Expeditions stock opened at $10.93 on Friday. Lindblad Expeditions has a 12 month low of $8.66 and a 12 month high of $12.07. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.54. The company has a market capitalization of $502.13, a P/E ratio of 121.56 and a beta of -0.36.

In related news, Director L. Dyson Dryden bought 10,000 shares of the company’s stock in a transaction on Thursday, March 8th. The shares were purchased at an average price of $9.43 per share, for a total transaction of $94,300.00. Following the completion of the transaction, the director now directly owns 1,077,209 shares in the company, valued at approximately $10,158,080.87. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director John M. Fahey, Jr. bought 20,000 shares of the company’s stock in a transaction on Friday, March 2nd. The shares were bought at an average price of $9.27 per share, for a total transaction of $185,400.00. Following the transaction, the director now owns 41,958 shares of the company’s stock, valued at $388,950.66. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 40,000 shares of company stock worth $372,200. Company insiders own 50.10% of the company’s stock.

Large investors have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its position in shares of Lindblad Expeditions by 57.0% during the third quarter. Wells Fargo & Company MN now owns 25,247 shares of the company’s stock worth $270,000 after acquiring an additional 9,161 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Lindblad Expeditions by 66.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 37,700 shares of the company’s stock worth $404,000 after acquiring an additional 15,000 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of Lindblad Expeditions by 26.0% during the fourth quarter. Two Sigma Investments LP now owns 47,574 shares of the company’s stock worth $466,000 after acquiring an additional 9,822 shares in the last quarter. Monarch Partners Asset Management LLC lifted its position in shares of Lindblad Expeditions by 17.1% during the fourth quarter. Monarch Partners Asset Management LLC now owns 49,990 shares of the company’s stock worth $489,000 after acquiring an additional 7,300 shares in the last quarter. Finally, Citadel Advisors LLC lifted its position in shares of Lindblad Expeditions by 54.8% during the fourth quarter. Citadel Advisors LLC now owns 60,679 shares of the company’s stock worth $594,000 after acquiring an additional 21,488 shares in the last quarter. Hedge funds and other institutional investors own 45.99% 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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