Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) – Analysts at Wedbush raised their Q3 2017 earnings estimates for Norwegian Cruise Line Holdings in a research report issued on Tuesday. Wedbush analyst J. Hardiman now expects that the company will post earnings per share of $1.92 for the quarter, up from their prior forecast of $1.86. Wedbush currently has a “Outperform” rating and a $61.00 target price on the stock. Wedbush also issued estimates for Norwegian Cruise Line Holdings’ FY2017 earnings at $3.92 EPS.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last released 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 net margin of 12.57% and a return on equity of 16.76%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the company earned $0.38 EPS. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: This news story was first reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/07/27/q3-2017-eps-estimates-for-norwegian-cruise-line-holdings-ltd-raised-by-wedbush-nclh.html.

A number of other equities research analysts also recently weighed in on the stock. ValuEngine upgraded shares of Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating in a research note 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 note on Wednesday, June 28th. Zacks Investment Research upgraded shares of 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 note on Wednesday, April 26th. Bank of America Corporation initiated coverage on shares of Norwegian Cruise Line Holdings in a research note on Monday. They issued a “buy” rating and a $65.00 target price on the stock. Finally, BidaskClub downgraded shares of Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $51.67.

Shares of Norwegian Cruise Line Holdings (NCLH) opened at 55.65 on Thursday. Norwegian Cruise Line Holdings has a 12-month low of $34.16 and a 12-month high of $56.29. The company has a 50 day moving average of $53.93 and a 200-day moving average of $50.82. The firm has a market cap of $12.68 billion, a PE ratio of 20.39 and a beta of 1.16.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NCLH. Quantbot Technologies LP acquired a new position in Norwegian Cruise Line Holdings during the first quarter worth about $116,000. Acadian Asset Management LLC acquired a new position in Norwegian Cruise Line Holdings during the first quarter worth about $146,000. Mn Services Vermogensbeheer B.V. boosted its position in Norwegian Cruise Line Holdings by 6.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,241 shares of the company’s stock worth $201,000 after buying an additional 266 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in Norwegian Cruise Line Holdings during the first quarter worth about $203,000. Finally, Nomura Holdings Inc. acquired a new position in Norwegian Cruise Line Holdings during the first quarter worth about $204,000. 86.08% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Jason Montague sold 15,000 shares of Norwegian Cruise Line Holdings stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $53.26, for a total value of $798,900.00. Following the completion of the transaction, the chief executive officer now directly owns 72,831 shares of the company’s stock, valued at $3,878,979.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.98% of the company’s stock.

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)

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