Lindblad Expeditions (LIND) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Lindblad Expeditions reported strong Q3 sales momentum, driven by great fleet utilization and pricing increases. The growth outlook stands good with impressive bookings growth and the prior Wineland-Thompson Adventures acquisition, even though Lindblad guides for a conservative Q4. Critically for margins, Lindblad's bookings growth should improve the occupancy level closer to a pre-COVID level. The company expects such a level of normalization in 2026.
Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND ) Q3 2024 Earnings Conference Call November 5, 2024 8:30 AM ET Company Participants Dyson Dryden - Chief Financial Officer Sven Lindblad - Founder & Chief Executive Officer Conference Call Participants Steve Wieczynski - Stifel Eric Wold - B. Riley Alex Fuhrman - Craig-Hallum Capital Group Operator Thanks for standing by.
Lindblad Expeditions (LIND) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.08 per share a year ago.
LIND, PII and SSD have been added to the Zacks Rank #5 (Strong Sell) List on October 24, 2024.
Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND ) Q2 2024 Earnings Conference Call August 8, 2024 8:30 AM ET Company Participants Dyson Dryden - Interim Chief Financial Officer Sven Lindblad - Founder & Chief Executive Officer Conference Call Participants Steven Wieczynski - Stife Eric Wold - B. Riley Securities Alex Fuhrman - Craig-Hallum Chris Woronka - Deutsche Bank Operator Ladies and gentlemen, thank you for standing by.
Lindblad Expeditions (LIND) came out with a quarterly loss of $0.48 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to loss of $0.48 per share a year ago.
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Lindblad Expeditions (LIND) announces a significant expansion in its core Galapagos market.
Natixis Advisors L.P. grew its holdings in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND – Free Report) by 7.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,984 shares of the company’s stock after buying an additional 2,139 shares during the period. Natixis Advisors L.P. owned 0.06% of Lindblad Expeditions worth $337,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other institutional investors and hedge funds have also made changes to their positions in the company. Ariel Investments LLC boosted its holdings in Lindblad Expeditions by 13.3% in the third quarter. Ariel Investments LLC now owns 8,472,058 shares of the company’s stock valued at $60,999,000 after purchasing an additional 995,293 shares in the last quarter. Fred Alger Management LLC purchased a new position in shares of Lindblad Expeditions in the 3rd quarter valued at $3,608,000. Stifel Financial Corp grew its position in shares of Lindblad Expeditions by 18.4% in the 3rd quarter. Stifel Financial Corp now owns 309,471 shares of the company’s stock valued at $2,228,000 after buying an additional 48,155 shares during the last quarter. Hedges Asset Management LLC raised its stake in Lindblad Expeditions by 10.8% during the 4th quarter. Hedges Asset Management LLC now owns 132,800 shares of the company’s stock worth $1,497,000 after acquiring an additional 12,900 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System purchased a new stake in Lindblad Expeditions in the third quarter valued at $72,000. 75.94% of the stock is owned by institutional investors and hedge funds. Lindblad Expeditions Stock Down 0.9 % Shares of LIND stock opened at $7.50 on Monday. Lindblad Expeditions Holdings, Inc. has a 52-week low of $5.47 and a 52-week high of $12.13. The stock’s 50-day moving average price is $7.98 and its 200 day moving average price is $8.61. The stock has a market capitalization of $401.48 million, a PE ratio of -7.28 and a beta of 2.87. Lindblad Expeditions (NASDAQ:LIND – Get Free Report) last released its earnings results on Wednesday, February 28th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.23). The firm had revenue of $125.36 million during the quarter, compared to analyst estimates of $127.70 million. Analysts expect that Lindblad Expeditions Holdings, Inc. will post -0.44 earnings per share for the current fiscal year. Insiders Place Their Bets In other news, Director Alex P. Schultz bought 33,016 shares of the stock in a transaction dated Friday, April 19th. The shares were acquired at an average price of $7.47 per share, with a total value of $246,629.52. Following the completion of the acquisition, the director now directly owns 126,400 shares in the company, valued at $944,208. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 34.80% of the stock is owned by insiders. Analyst Upgrades and Downgrades Several analysts have recently weighed in on LIND shares. StockNews.com raised Lindblad Expeditions from a “sell” rating to a “hold” rating in a report on Monday, April 29th. Craig Hallum reduced their price objective on Lindblad Expeditions from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Lindblad Expeditions from $11.00 to $10.00 and set a “hold” rating for the company in a report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.50. Check Out Our Latest Stock Report on Lindblad Expeditions About Lindblad Expeditions (Free Report) Lindblad Expeditions Holdings, Inc provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities. Read More Five stocks we like better than Lindblad Expeditions Are Penny Stocks a Good Fit for Your Portfolio? MarketBeat Week in Review – 5/13 – 5/17 What is a SEC Filing? Take-Two Interactive Software Offers 2nd Chance for Investors ETF Screener: Uses and Step-by-Step Guide Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook Want to see what other hedge funds are holding LIND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND – Free Report).