What is B. Riley’s Forecast for LIND FY2024 Earnings?

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) – Research analysts at B. Riley lifted their FY2024 EPS estimates for shares of Lindblad Expeditions in a research note issued on Tuesday, November 5th. B. Riley analyst E. Wold now expects that the company will post earnings of ($0.46) per share for the year, up from their prior estimate of ($0.64). B. Riley currently has a “Buy” rating and a $16.00 price target on the stock. The consensus estimate for Lindblad Expeditions’ current full-year earnings is ($0.56) per share. B. Riley also issued estimates for Lindblad Expeditions’ Q4 2024 earnings at ($0.22) EPS, Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at ($0.20) EPS, Q4 2025 earnings at ($0.13) EPS, FY2025 earnings at ($0.05) EPS and Q2 2026 earnings at ($0.17) EPS.

A number of other brokerages have also weighed in on LIND. Craig Hallum upped their target price on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday. Stifel Nicolaus dropped their price objective on shares of Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, StockNews.com upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.25.

Lindblad Expeditions Stock Performance

LIND stock opened at $13.86 on Thursday. Lindblad Expeditions has a 1-year low of $5.95 and a 1-year high of $14.34. The business has a 50 day simple moving average of $9.90 and a two-hundred day simple moving average of $8.90.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.24). The firm had revenue of $136.50 million during the quarter, compared to analysts’ expectations of $137.39 million.

Insider Buying and Selling

In other Lindblad Expeditions news, insider Noah Brodsky sold 14,344 shares of Lindblad Expeditions stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $10.50, for a total value of $150,612.00. Following the completion of the transaction, the insider now directly owns 58,518 shares of the company’s stock, valued at $614,439. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other Lindblad Expeditions news, insider Noah Brodsky sold 14,344 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $10.50, for a total transaction of $150,612.00. Following the sale, the insider now directly owns 58,518 shares in the company, valued at $614,439. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Sven-Olof Lindblad bought 32,117 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was bought at an average price of $7.95 per share, with a total value of $255,330.15. Following the acquisition, the chief executive officer now owns 11,825,063 shares in the company, valued at approximately $94,009,250.85. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 34.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP lifted its holdings in shares of Lindblad Expeditions by 241.9% in the 1st quarter. GSA Capital Partners LLP now owns 48,925 shares of the company’s stock worth $456,000 after acquiring an additional 34,614 shares during the last quarter. Vanguard Group Inc. raised its position in Lindblad Expeditions by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 1,999,062 shares of the company’s stock worth $18,651,000 after purchasing an additional 31,921 shares during the period. EntryPoint Capital LLC bought a new stake in Lindblad Expeditions in the first quarter worth about $176,000. Ariel Investments LLC boosted its position in shares of Lindblad Expeditions by 3.1% during the first quarter. Ariel Investments LLC now owns 8,877,212 shares of the company’s stock valued at $82,824,000 after buying an additional 268,996 shares during the period. Finally, Price T Rowe Associates Inc. MD bought a new position in shares of Lindblad Expeditions during the first quarter valued at approximately $95,000. Institutional investors own 75.94% 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.