Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Forecasted to Earn Q3 2024 Earnings of $0.21 Per Share

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Free Report) - Analysts at B. Riley lifted their Q3 2024 earnings per share estimates for Lindblad Expeditions in a report released on Tuesday, April 30th. B. Riley analyst E. Wold now anticipates that the company will post earnings per share of $0.21 for the quarter, up from their prior estimate of $0.16. The consensus estimate for Lindblad Expeditions' current full-year earnings is ($0.46) per share. B. Riley also issued estimates for Lindblad Expeditions' Q1 2025 earnings at $0.05 EPS and Q3 2025 earnings at $0.36 EPS.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.53) EPS for the quarter, missing analysts' consensus estimates of ($0.30) by ($0.23). The company had revenue of $125.36 million for the quarter, compared to analyst estimates of $127.70 million.

LIND has been the topic of a number of other research reports. Craig Hallum reduced their price target on Lindblad Expeditions from $15.00 to $12.00 and set a "buy" rating on the stock in a research report on Wednesday. StockNews.com upgraded Lindblad Expeditions from a "sell" rating to a "hold" rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Lindblad Expeditions from $11.00 to $10.00 and set a "hold" rating on the stock in a research report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $12.50.

Lindblad Expeditions Stock Up 1.9 %

Shares of LIND traded up $0.14 during mid-day trading on Thursday, hitting $7.54. 269,073 shares of the company's stock were exchanged, compared to its average volume of 291,881. Lindblad Expeditions has a 52 week low of $5.47 and a 52 week high of $12.13. The stock's 50-day simple moving average is $8.31 and its 200-day simple moving average is $8.49. The firm has a market cap of $402.86 million, a price-to-earnings ratio of -7.32 and a beta of 2.87.

Institutional Investors Weigh In On Lindblad Expeditions

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cacti Asset Management LLC boosted its position in Lindblad Expeditions by 3.8% in the fourth quarter. Cacti Asset Management LLC now owns 41,500 shares of the company's stock valued at $473,000 after buying an additional 1,500 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Lindblad Expeditions by 2.1% during the 3rd quarter. Swiss National Bank now owns 76,141 shares of the company's stock valued at $548,000 after acquiring an additional 1,600 shares in the last quarter. Algert Global LLC grew its position in Lindblad Expeditions by 1.8% during the 3rd quarter. Algert Global LLC now owns 100,275 shares of the company's stock worth $722,000 after acquiring an additional 1,760 shares during the last quarter. Natixis Advisors L.P. increased its holdings in Lindblad Expeditions by 7.7% in the 4th quarter. Natixis Advisors L.P. now owns 29,984 shares of the company's stock worth $337,000 after purchasing an additional 2,139 shares in the last quarter. Finally, Trexquant Investment LP increased its holdings in Lindblad Expeditions by 5.0% in the 3rd quarter. Trexquant Investment LP now owns 70,904 shares of the company's stock worth $511,000 after purchasing an additional 3,371 shares in the last quarter. 75.94% of the stock is owned by institutional investors.

Insider Activity

In other Lindblad Expeditions news, Director Alex P. Schultz acquired 33,016 shares of the company's stock in a transaction that occurred on Friday, April 19th. The stock was acquired at an average cost of $7.47 per share, for a total transaction of $246,629.52. Following the transaction, the director now directly owns 126,400 shares in the company, valued at $944,208. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 34.80% of the company's stock.

Lindblad Expeditions Company Profile

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.