Belmond Ltd. Reports Third Quarter 2016 Results
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Belmond Ltd. (BEL) Tops Q3 EPS by 3c; RevPAR Rose 12%
November 4, 2016 9:17 AM EDTBelmond Ltd. (NYSE: BEL) reported Q3 EPS of $0.23, $0.03 better than the analyst estimate of $0.20. Revenue for the quarter came in at $183.7 million versus the consensus estimate of $187.67 million.
Same store revenue per available room (RevPAR) up 12% from the prior-year quarter; up 10% on a constant currency... More
Deutsche Bank Downgrades Belmond (BEL) to Hold
November 4, 2016 7:04 AM EDTDeutsche Bank downgraded Belmond (NYSE: BEL) from Buy to Hold with a price target of $13. Analyst Carlo Santarelli highlighted valuation and decelerating growth.
"Given valuation (12.0x 2017E EBITDA), slowing 2016 growth stemming from difficult comparisons and slowing RevPAR trends, and what we expect... More
