Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) Issues FY17 Earnings Guidance
Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) updated its FY17 earnings guidance on Tuesday. The company provided EPS guidance of $3.93-$4.03 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.89. Norwegian Cruise Line Holdings also updated its Q3 guidance to approx. $1.83 EPS.
Several analysts recently commented on NCLH shares. Wedbush reiterated a buy rating on shares of Norwegian Cruise Line Holdings in a research note on Saturday, May 13th. BidaskClub cut shares of Norwegian Cruise Line Holdings from a buy rating to a hold rating in a research note on Sunday, July 16th. Berenberg Bank reiterated a buy rating and issued a $65.00 price objective on shares of Norwegian Cruise Line Holdings in a research note on Wednesday, June 28th. Bank of America Corporation started coverage on shares of Norwegian Cruise Line Holdings in a research note on Monday, July 24th. They issued a buy rating and a $65.00 price objective for the company. Finally, ValuEngine upgraded shares of Norwegian Cruise Line Holdings from a hold rating to a buy rating in a research note on Thursday, June 1st. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of $51.67.
Norwegian Cruise Line Holdings Ltd. (NCLH) opened at 56.65 on Tuesday. The stock has a market capitalization of $12.91 billion, a P/E ratio of 20.76 and a beta of 1.16. The firm’s 50-day moving average is $54.45 and its 200 day moving average is $51.17. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $34.16 and a 12-month high of $57.62.
Norwegian Cruise Line Holdings (NASDAQ:NCLH) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $1.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.05. Norwegian Cruise Line Holdings had a net margin of 12.57% and a return on equity of 16.76%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the company earned $0.85 EPS. Norwegian Cruise Line Holdings’s revenue was up 13.3% on a year-over-year basis. Equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post $3.89 earnings per share for the current year.
In other Norwegian Cruise Line Holdings news, CEO Jason Montague sold 15,000 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $53.26, for a total value of $798,900.00. Following the completion of the sale, the chief executive officer now directly owns 72,831 shares of the company’s stock, valued at approximately $3,878,979.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.98% of the stock is currently owned by corporate insiders.
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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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