Brokerages forecast that Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) will announce $1.26 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Norwegian Cruise Line’s earnings, with estimates ranging from $1.25 billion to $1.26 billion. Norwegian Cruise Line posted sales of $1.13 billion in the same quarter last year, which would indicate a positive year over year growth rate of 11.5%. The business is scheduled to announce its next quarterly earnings results on Wednesday, February 28th.

On average, analysts expect that Norwegian Cruise Line will report full-year sales of $1.26 billion for the current fiscal year, with estimates ranging from $5.38 billion to $5.41 billion. For the next financial year, analysts forecast that the firm will post sales of $5.94 billion per share, with estimates ranging from $5.85 billion to $6.00 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Norwegian Cruise Line.

Norwegian Cruise Line (NASDAQ:NCLH) last posted its earnings results on Thursday, November 9th. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.04. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the firm posted $1.62 EPS. The business’s quarterly revenue was up 11.2% on a year-over-year basis.

NCLH has been the subject of a number of recent analyst reports. Wedbush set a $65.00 price target on shares of Norwegian Cruise Line and gave the stock a “buy” rating in a research note on Sunday, November 12th. Zacks Investment Research cut shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Tigress Financial reissued a “buy” rating on shares of Norwegian Cruise Line in a research report on Monday, November 27th. Morgan Stanley boosted their price objective on shares of Norwegian Cruise Line from $58.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, November 10th. Finally, Macquarie cut shares of Norwegian Cruise Line from a “neutral” rating to an “underperform” rating and set a $47.00 price objective for the company. in a research report on Thursday, November 30th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. Norwegian Cruise Line currently has a consensus rating of “Hold” and an average price target of $63.07.

In other Norwegian Cruise Line news, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $54.11, for a total transaction of $270,550,000.00. The sale was disclosed in a document filed 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 that occurred on Monday, November 13th. The shares were sold at an average price of $55.08, for a total transaction of $826,200.00. The disclosure for this sale can be found here. Insiders own 0.98% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Aviance Capital Management LLC acquired a new stake in shares of Norwegian Cruise Line in the second quarter worth $103,000. Toronto Dominion Bank boosted its holdings in Norwegian Cruise Line by 12.4% during the second quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock worth $106,000 after buying an additional 216 shares in the last quarter. BB&T Investment Services Inc. purchased a new stake in Norwegian Cruise Line during the second quarter worth $121,000. Pacer Advisors Inc. purchased a new stake in Norwegian Cruise Line during the second quarter worth $197,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Norwegian Cruise Line during the third quarter worth $202,000. Institutional investors and hedge funds own 89.02% of the company’s stock.

Norwegian Cruise Line (NASDAQ NCLH) traded down $0.49 during mid-day trading on Thursday, hitting $53.16. 1,239,600 shares of the company were exchanged, compared to its average volume of 1,859,321. Norwegian Cruise Line has a 52-week low of $42.04 and a 52-week high of $61.48. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.31 and a current ratio of 0.34. The stock has a market cap of $12,150.00, a PE ratio of 14.70, a PEG ratio of 0.57 and a beta of 1.09.

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Norwegian Cruise Line 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 (NASDAQ:NCLH)

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