Lindblad Expeditions (NASDAQ:LIND) Issues Earnings Results

Key Points

• Lindblad Expeditions beat quarterly expectations: Earnings were $0.36 per share versus the $0.35 consensus estimate, while revenue reached $269.15 million, exceeding expectations of $263.54 million.
• Shares fell 8.2%: LIND opened at $33.65, despite trading well above its 50-day and 200-day moving averages. The company reported a negative net margin of 2.08% and negative return on equity of 0.56%.
• Analyst sentiment remains moderately positive: The stock has a consensus “Moderate Buy” rating and a $31.50 target price, while insiders have sold 750,000 shares worth approximately $26.5 million over the past 90 days.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) posted 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. The business had revenue of $269.15 million for the quarter, compared to the consensus estimate of $263.54 million. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%.

Lindblad Expeditions Trading Down 8.2%

Shares of LIND stock opened at $33.65 on Tuesday. Lindblad Expeditions has a twelve month low of $11.37 and a twelve month high of $38.85. The stock has a market cap of $2.21 billion, a P/E ratio of -88.23 and a beta of 2.24. The stock has a 50 day moving average of $31.39 and a 200 day moving average of $24.51.

Insider Buying and Selling

In other news, Director Sven-Olof Lindblad sold 66,872 shares of the firm's stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $36.95, for a total transaction of $2,470,920.40. Following the sale, the director owned 9,937,202 shares of the company's stock, valued at $367,179,613.90. This trade represents a 0.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders sold 750,000 shares of company stock valued at $26,532,349. Corporate insiders own 26.10% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LIND. Weiss Ratings restated a "sell (d-)" rating on shares of Lindblad Expeditions in a research note on Thursday, October 15th. Jefferies Financial Group upped their target price on Lindblad Expeditions from $29.00 to $32.00 and gave the company a "hold" rating in a research report on Thursday, October 8th. Wall Street Zen upgraded shares of Lindblad Expeditions from a "hold" rating to a "buy" rating in a report on Sunday, September 20th. Stifel Nicolaus set a $37.00 price target on shares of Lindblad Expeditions in a research report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $30.00 price objective on shares of Lindblad Expeditions in a research note on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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