Norwegian Cruise Line Holdings Ltd. (NCLH) Announces Quarterly Earnings Results
Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) issued its quarterly earnings results on Tuesday. The company reported $1.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.05, MarketWatch Earnings reports. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.31 billion. Norwegian Cruise Line Holdings had a return on equity of 16.76% and a net margin of 12.57%. Norwegian Cruise Line Holdings’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 EPS. Norwegian Cruise Line Holdings updated its Q3 guidance to approx. $1.83 EPS and its FY17 guidance to $3.93-$4.03 EPS.
Shares of Norwegian Cruise Line Holdings (NASDAQ:NCLH) opened at 59.93 on Tuesday. The firm has a market capitalization of $13.66 billion, a PE ratio of 21.96 and a beta of 1.16. The company has a 50 day moving average price of $54.45 and a 200-day moving average price of $51.17. Norwegian Cruise Line Holdings has a 12 month low of $34.16 and a 12 month high of $59.95.
NCLH has been the subject of several analyst reports. Wedbush upped their price objective on 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. Zacks Investment Research raised Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Wednesday, April 26th. BidaskClub cut Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. ValuEngine raised Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, June 1st. Finally, Berenberg Bank reaffirmed 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. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Norwegian Cruise Line Holdings has an average rating of “Hold” and a consensus target price of $51.67.
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In related news, CEO Jason Montague sold 15,000 shares of the business’s 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 sale, the chief executive officer now directly owns 72,831 shares of the company’s stock, valued at $3,878,979.06. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.98% of the stock is owned by insiders.
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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