Equities analysts expect that Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) will announce $1.65 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Norwegian Cruise Line Holdings’ earnings. The highest sales estimate is $1.67 billion and the lowest is $1.62 billion. Norwegian Cruise Line Holdings reported sales of $1.48 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 11.5%. The company is expected to announce its next quarterly earnings results on Wednesday, November 8th.

On average, analysts expect that Norwegian Cruise Line Holdings will report full-year sales of $1.65 billion for the current financial year, with estimates ranging from $5.34 billion to $5.45 billion. For the next year, analysts anticipate that the business will post sales of $5.94 billion per share, with estimates ranging from $5.80 billion to $6.03 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Norwegian Cruise Line Holdings.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last issued its earnings results on Tuesday, August 8th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.05. The business 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 13.22% and a return on equity of 16.65%. Norwegian Cruise Line Holdings’s revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 earnings per share.

A number of research analysts have issued reports on NCLH shares. Wedbush raised shares of Norwegian Cruise Line Holdings from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $54.00 to $61.00 in a research report on Friday, May 26th. ValuEngine raised shares of Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, June 1st. Berenberg Bank reissued 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 downgraded shares of Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Finally, Bank of America Corporation started 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 on the stock. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Norwegian Cruise Line Holdings has an average rating of “Buy” and an average target price of $57.94.

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Norwegian Cruise Line Holdings (NASDAQ:NCLH) opened at 55.12 on Monday. Norwegian Cruise Line Holdings has a 52 week low of $34.16 and a 52 week high of $61.48. The company’s 50-day moving average is $56.81 and its 200 day moving average is $52.98. The company has a market capitalization of $12.58 billion, a price-to-earnings ratio of 18.63 and a beta of 1.15.

In related news, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $54.57, for a total value of $306,956,250.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jason Montague sold 15,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $3,878,979.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,651,807 shares of company stock worth $308,444,915. Company insiders own 0.98% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Aviance Capital Management LLC bought a new position in Norwegian Cruise Line Holdings in the 2nd quarter worth about $103,000. Toronto Dominion Bank boosted its stake in Norwegian Cruise Line Holdings by 12.4% in the 2nd quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock worth $106,000 after purchasing an additional 216 shares in the last quarter. BB&T Investment Services Inc. bought a new position in Norwegian Cruise Line Holdings in the 2nd quarter worth about $121,000. Quantbot Technologies LP bought a new position in Norwegian Cruise Line Holdings in the 1st quarter worth about $116,000. Finally, Acadian Asset Management LLC bought a new position in Norwegian Cruise Line Holdings in the 1st quarter worth about $146,000. Institutional investors own 85.78% of the company’s stock.

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

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