SunTrust Banks Comments on Norwegian Cruise Line Holdings Ltd.’s Q3 2018 Earnings (NCLH)
Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) – Equities research analysts at SunTrust Banks raised their Q3 2018 earnings per share estimates for shares of Norwegian Cruise Line in a research report issued on Wednesday. SunTrust Banks analyst P. Scholes now anticipates that the company will earn $2.35 per share for the quarter, up from their previous estimate of $2.33. SunTrust Banks currently has a “Buy” rating on the stock. SunTrust Banks also issued estimates for Norwegian Cruise Line’s Q4 2018 earnings at $0.85 EPS, FY2018 earnings at $4.60 EPS, Q3 2019 earnings at $2.45 EPS and FY2019 earnings at $5.00 EPS.
Norwegian Cruise Line (NASDAQ:NCLH) last announced its earnings results on Thursday, November 9th. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.04. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. Norwegian Cruise Line’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.62 EPS.
Shares of Norwegian Cruise Line (NASDAQ NCLH) traded down $0.55 during trading hours on Thursday, reaching $58.72. The company’s stock had a trading volume of 540,801 shares, compared to its average volume of 1,720,000. The firm has a market cap of $13,370.00, a PE ratio of 18.35, a PEG ratio of 0.56 and a beta of 1.09. The company has a current ratio of 0.34, a quick ratio of 0.31 and a debt-to-equity ratio of 1.08. Norwegian Cruise Line has a 52-week low of $44.56 and a 52-week high of $61.48.
A number of large investors have recently added to or reduced their stakes in NCLH. Aviance Capital Management LLC acquired a new stake in shares of Norwegian Cruise Line during the second quarter valued at about $103,000. Toronto Dominion Bank grew its stake in shares of Norwegian Cruise Line by 12.4% during the second quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock valued at $106,000 after acquiring an additional 216 shares in the last quarter. BB&T Investment Services Inc. acquired a new stake in shares of Norwegian Cruise Line during the second quarter valued at about $121,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Norwegian Cruise Line during the third quarter valued at about $202,000. Finally, Ameritas Investment Partners Inc. grew its stake in shares of Norwegian Cruise Line by 1.9% during the second quarter. Ameritas Investment Partners Inc. now owns 4,083 shares of the company’s stock valued at $222,000 after acquiring an additional 77 shares in the last quarter. 88.85% of the stock is currently owned by institutional investors.
In other Norwegian Cruise Line news, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $54.11, for a total value of $270,550,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jason Montague sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $55.08, for a total value of $826,200.00. The disclosure for this sale can be found here. Company insiders own 0.98% of the company’s stock.
WARNING: “SunTrust Banks Comments on Norwegian Cruise Line Holdings Ltd.’s Q3 2018 Earnings (NCLH)” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://www.americanbankingnews.com/2018/01/18/suntrust-banks-comments-on-norwegian-cruise-line-holdings-ltd-s-q3-2018-earnings-nclh.html.
About Norwegian Cruise Line
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.
Receive News & Ratings for Norwegian Cruise Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line and related companies with MarketBeat.com's FREE daily email newsletter.