Norwegian Cruise Line Holdings Ltd. (NCLH) Releases Q3 Earnings Guidance
Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of approx. $1.83 for the period, compared to the Thomson Reuters consensus estimate of $1.86. Norwegian Cruise Line Holdings also updated its FY17 guidance to $3.93-$4.03 EPS.
A number of equities analysts have weighed in on the stock. Bank of America Corporation assumed coverage on shares of Norwegian Cruise Line Holdings in a research report on Monday, July 24th. They set a buy rating and a $65.00 price objective for the company. Zacks Investment Research cut shares of Norwegian Cruise Line Holdings from a buy rating to a hold rating in a research report on Wednesday, May 3rd. Berenberg Bank restated a buy rating and set a $65.00 price objective on shares of Norwegian Cruise Line Holdings in a research report on Wednesday, June 28th. BidaskClub cut shares of Norwegian Cruise Line Holdings from a buy rating to a hold rating in a research report on Sunday, July 16th. Finally, Wedbush upped their price objective on shares of Norwegian Cruise Line Holdings from $48.00 to $53.00 and gave the stock a neutral rating in a research report on Thursday, May 11th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Norwegian Cruise Line Holdings has an average rating of Hold and a consensus price target of $51.67.
Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ NCLH) traded up 6.28% during midday trading on Tuesday, hitting $60.21. 1,926,494 shares of the stock were exchanged. The firm has a market cap of $13.72 billion, a PE ratio of 22.06 and a beta of 1.16. The firm has a 50-day moving average price of $54.45 and a 200 day moving average price of $51.17. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $34.16 and a 12-month high of $61.48.
Norwegian Cruise Line Holdings (NASDAQ:NCLH) last issued its earnings results on Tuesday, August 8th. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.97 by $0.05. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.31 billion. Norwegian Cruise Line Holdings had a net margin of 12.57% and a return on equity of 16.76%. The business’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS. Analysts predict that Norwegian Cruise Line Holdings Ltd. will post $3.89 earnings per share for the current fiscal year.
In other news, CEO Jason Montague sold 15,000 shares of Norwegian Cruise Line Holdings stock in a transaction on Monday, June 19th. The stock was sold at an average price of $53.26, for a total transaction of $798,900.00. Following the completion of the transaction, the chief executive officer now owns 72,831 shares of the company’s stock, valued at approximately $3,878,979.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.98% of the company’s stock.
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Norwegian Cruise Line Holdings Company Profile
Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The Company had 25 ships with approximately 50,400 Berths, as of May 1, 2017. The Company’s brands offer itineraries to various destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii.
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