Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) – Analysts at Wedbush upped their Q2 2017 earnings per share (EPS) estimates for shares of Norwegian Cruise Line Holdings in a note issued to investors on Tuesday. Wedbush analyst J. Hardiman now anticipates that the company will earn $0.99 per share for the quarter, up from their previous estimate of $0.98. Wedbush has a “Outperform” rating and a $61.00 price target on the stock. Wedbush also issued estimates for Norwegian Cruise Line Holdings’ Q4 2017 earnings at $0.69 EPS and FY2018 earnings at $4.66 EPS.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last announced its quarterly earnings data on Wednesday, May 10th. The company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.03. Norwegian Cruise Line Holdings had a return on equity of 16.76% and a net margin of 12.57%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. Norwegian Cruise Line Holdings’s quarterly revenue was up 6.8% on a year-over-year basis.

TRADEMARK VIOLATION WARNING: This story was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another website, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/07/26/norwegian-cruise-line-holdings-ltd-forecasted-to-earn-q2-2017-earnings-of-0-99-per-share-nasdaqnclh.html.

NCLH has been the topic of several other reports. Zacks Investment Research upgraded Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research report on Wednesday, April 26th. ValuEngine upgraded Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, June 1st. Berenberg Bank restated a “buy” rating and issued a $65.00 target price on shares of Norwegian Cruise Line Holdings in a research report on Wednesday, June 28th. Bank of America Corporation initiated coverage on Norwegian Cruise Line Holdings in a research report on Monday. They issued a “buy” rating and a $65.00 target price on the stock. Finally, BidaskClub cut Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $51.67.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) opened at 55.75 on Wednesday. The firm has a market cap of $12.71 billion, a price-to-earnings ratio of 20.43 and a beta of 1.16. Norwegian Cruise Line Holdings has a one year low of $34.16 and a one year high of $56.36. The company’s 50-day moving average price is $53.60 and its 200-day moving average price is $50.70.

Several institutional investors have recently modified their holdings of NCLH. Amalgamated Bank boosted its position in shares of Norwegian Cruise Line Holdings by 2.4% in the first quarter. Amalgamated Bank now owns 8,718 shares of the company’s stock valued at $442,000 after buying an additional 202 shares during the period. Morgan Stanley boosted its position in shares of Norwegian Cruise Line Holdings by 82.1% in the first quarter. Morgan Stanley now owns 251,407 shares of the company’s stock valued at $12,753,000 after buying an additional 113,323 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of Norwegian Cruise Line Holdings by 83.3% in the first quarter. Canada Pension Plan Investment Board now owns 69,451 shares of the company’s stock valued at $3,523,000 after buying an additional 31,558 shares during the period. Prudential Financial Inc. boosted its position in shares of Norwegian Cruise Line Holdings by 26.1% in the first quarter. Prudential Financial Inc. now owns 267,844 shares of the company’s stock valued at $13,588,000 after buying an additional 55,469 shares during the period. Finally, HighPoint Advisor Group LLC boosted its position in shares of Norwegian Cruise Line Holdings by 80.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 15,294 shares of the company’s stock valued at $781,000 after buying an additional 6,829 shares during the period. Institutional investors own 86.08% of the company’s stock.

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 transaction, the chief executive officer now directly owns 72,831 shares in the company, valued at approximately $3,878,979.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.98% of the stock is currently owned by company insiders.

About Norwegian Cruise Line Holdings

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.

Earnings History and Estimates for Norwegian Cruise Line Holdings (NASDAQ:NCLH)

Receive News & Ratings for Norwegian Cruise Line Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line Holdings Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.