Norwegian Cruise Line (NYSE:NCLH) Issues Q3 2024 Earnings Guidance

Norwegian Cruise Line (NYSE:NCLH) issued an update on its third quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.920-0.920 for the period, compared to the consensus EPS estimate of 0.910. The company issued revenue guidance of -. Norwegian Cruise Line also updated its FY24 guidance to $1.53 EPS.

Norwegian Cruise Line Stock Down 1.5 %

Shares of Norwegian Cruise Line stock traded down $0.28 during trading hours on Wednesday, reaching $18.28. 6,413,586 shares of the company’s stock were exchanged, compared to its average volume of 12,755,982. The company has a 50 day moving average of $17.97 and a two-hundred day moving average of $18.02. Norwegian Cruise Line has a fifty-two week low of $12.70 and a fifty-two week high of $22.12. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 33.16. The stock has a market cap of $7.84 billion, a P/E ratio of 26.51, a P/E/G ratio of 0.30 and a beta of 2.69.

Norwegian Cruise Line (NYSE:NCLH) last issued its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.06. Norwegian Cruise Line had a net margin of 3.84% and a return on equity of 136.20%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same period last year, the business posted $0.20 EPS. Norwegian Cruise Line’s revenue was up 7.6% on a year-over-year basis. On average, sell-side analysts forecast that Norwegian Cruise Line will post 1.17 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on NCLH. Mizuho upgraded shares of Norwegian Cruise Line from a neutral rating to a buy rating and raised their target price for the company from $21.00 to $24.00 in a research note on Tuesday, May 28th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Norwegian Cruise Line from $18.00 to $20.00 and gave the company a hold rating in a report on Tuesday, May 21st. StockNews.com raised shares of Norwegian Cruise Line from a sell rating to a hold rating in a report on Wednesday, May 8th. JPMorgan Chase & Co. increased their price target on shares of Norwegian Cruise Line from $20.00 to $22.00 and gave the company a neutral rating in a report on Wednesday, July 24th. Finally, The Goldman Sachs Group increased their price target on shares of Norwegian Cruise Line from $19.00 to $21.00 and gave the company a neutral rating in a report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $21.88.

Insider Activity at Norwegian Cruise Line

In related news, Director Zillah Byng-Thorne bought 13,360 shares of the business’s stock in a transaction on Friday, May 31st. The shares were purchased at an average price of $16.50 per share, for a total transaction of $220,440.00. Following the completion of the transaction, the director now directly owns 13,360 shares of the company’s stock, valued at approximately $220,440. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.87% of the stock is currently owned by insiders.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.