Brokerages expect that Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) will announce earnings of $0.97 per share for the current quarter, Zacks reports. Four analysts have made estimates for Norwegian Cruise Line Holdings’ earnings, with the lowest EPS estimate coming in at $0.91 and the highest estimate coming in at $1.00. Norwegian Cruise Line Holdings posted earnings of $0.78 per share in the same quarter last year, which suggests a positive year over year growth rate of 24.4%. The business is scheduled to report its next quarterly earnings results before the market opens on Tuesday, August 8th.
According to Zacks, analysts expect that Norwegian Cruise Line Holdings will report full-year earnings of $3.83 per share for the current fiscal year, with EPS estimates ranging from $3.78 to $3.92. For the next fiscal year, analysts forecast that the business will report earnings of $4.51 per share, with EPS estimates ranging from $4.33 to $4.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Norwegian Cruise Line Holdings.
Norwegian Cruise Line Holdings (NASDAQ:NCLH) last posted its quarterly earnings results on Wednesday, May 10th. The company reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.03. Norwegian Cruise Line Holdings had a return on equity of 16.76% and a net margin of 12.57%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the firm earned $0.38 earnings per share. Norwegian Cruise Line Holdings’s quarterly revenue was up 6.8% on a year-over-year basis.
A number of brokerages have recently issued reports on NCLH. Bank of America Corporation began 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 target price on the stock. BidaskClub lowered shares of Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Berenberg Bank restated a “buy” rating and issued a $65.00 target price on shares of Norwegian Cruise Line Holdings in a research note on Wednesday, June 28th. ValuEngine upgraded shares of Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, June 1st. Finally, Wedbush upgraded shares of Norwegian Cruise Line Holdings from a “neutral” rating to an “outperform” rating and upped their target price for the company from $54.00 to $61.00 in a research note on Friday, May 26th. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Norwegian Cruise Line Holdings has an average rating of “Hold” and a consensus target price of $51.67.
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Norwegian Cruise Line Holdings (NASDAQ NCLH) traded down 0.44% during mid-day trading on Friday, hitting $56.65. The stock had a trading volume of 2,834,652 shares. Norwegian Cruise Line Holdings has a one year low of $34.16 and a one year high of $57.62. The stock has a market cap of $12.91 billion, a P/E ratio of 20.76 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.
In other news, CEO Jason Montague sold 15,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 72,831 shares in the company, valued at $3,878,979.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.98% of the company’s stock.
A number of hedge funds have recently modified their holdings of NCLH. Quantbot Technologies LP acquired a new stake in shares of Norwegian Cruise Line Holdings during the first quarter worth $116,000. Acadian Asset Management LLC acquired a new stake in shares of Norwegian Cruise Line Holdings during the first quarter worth $146,000. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Norwegian Cruise Line Holdings by 6.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,241 shares of the company’s stock worth $201,000 after buying an additional 266 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Norwegian Cruise Line Holdings during the first quarter worth $203,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of Norwegian Cruise Line Holdings during the first quarter worth $204,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.
About Norwegian Cruise Line Holdings
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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