Lindblad Expeditions (NASDAQ:LIND) Releases Earnings Results, Beats Expectations By $0.01 EPS

Lindblad Expeditions (NASDAQ:LIND) announced its quarterly earnings results on Tuesday. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01, Zacks reports. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%. The firm had revenue of $269.15 million during the quarter, compared to analyst estimates of $263.54 million.

Lindblad Expeditions Trading Down 8.2%

Shares of Lindblad Expeditions stock opened at $33.65 on Tuesday. The firm has a market capitalization of $2.21 billion, a PE ratio of -88.23 and a beta of 2.24. Lindblad Expeditions has a twelve month low of $11.37 and a twelve month high of $38.85. The firm’s 50-day moving average price is $31.39 and its 200 day moving average price is $24.51.

Insider Buying and Selling

In other Lindblad Expeditions news, Director Sven-Olof Lindblad sold 66,872 shares of the business’s stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $36.95, for a total transaction of $2,470,920.40. Following the completion of the sale, the director directly owned 9,937,202 shares in the company, valued at approximately $367,179,613.90. The trade was a 0.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders sold 750,000 shares of company stock worth $26,532,349. 26.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Zacks Research raised Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Stifel Nicolaus set a $37.00 price objective on Lindblad Expeditions in a report on Tuesday, August 4th. Jefferies Financial Group boosted their price objective on Lindblad Expeditions from $29.00 to $32.00 and gave the company a “hold” rating in a research report on Thursday, October 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Thursday, October 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $30.00 price target on shares of Lindblad Expeditions in a research note on Thursday, September 17th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $31.50.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc (NASDAQ:LIND) operates expedition cruises and adventure travel experiences focused on nature, culture and education. Through its Lindblad Expeditions brand, the company provides small-ship voyages designed to take travelers to remote destinations while emphasizing exploration, conservation and expert-led interpretation.

The company’s offerings include ocean and river expeditions, wildlife-focused voyages, cultural journeys and land-based adventures. Trips commonly feature naturalists, historians, photographers and other specialists, along with activities such as shore excursions, hiking, kayaking, snorkeling and wildlife observation.