Norwegian Cruise Line (NYSE:NCLH) Updates FY 2024 Earnings Guidance

Norwegian Cruise Line (NYSE:NCLH) updated its FY 2024 earnings guidance on Friday. The company provided EPS guidance of 1.530-1.530 for the period, compared to the consensus EPS estimate of 1.440. The company issued revenue guidance of -.

Analyst Ratings Changes

A number of equities analysts have commented on NCLH shares. Barclays lifted their price objective on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the stock an equal weight rating in a report on Thursday, August 1st. Wells Fargo & Company boosted their price objective on shares of Norwegian Cruise Line from $19.00 to $20.00 and gave the company an equal weight rating in a research report on Tuesday, May 21st. Mizuho raised shares of Norwegian Cruise Line from a neutral rating to a buy rating and raised their target price for the stock from $21.00 to $24.00 in a report on Tuesday, May 28th. The Goldman Sachs Group upped their target price on Norwegian Cruise Line from $19.00 to $21.00 and gave the company a neutral rating in a report on Tuesday, May 28th. Finally, Tigress Financial reissued a strong-buy rating and issued a $32.00 price target on shares of Norwegian Cruise Line in a report on Friday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and an average target price of $22.38.

Norwegian Cruise Line Stock Up 1.4 %

Shares of NCLH stock opened at $15.74 on Friday. The company has a debt-to-equity ratio of 17.19, a quick ratio of 0.22 and a current ratio of 0.24. The stock has a market cap of $6.75 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 0.29 and a beta of 2.69. The business’s fifty day moving average is $17.94 and its 200-day moving average is $17.94. Norwegian Cruise Line has a 1 year low of $12.70 and a 1 year high of $21.73.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.38 billion. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. Norwegian Cruise Line’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 earnings per share. Equities analysts expect that Norwegian Cruise Line will post 1.17 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Zillah Byng-Thorne purchased 13,360 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were acquired at an average price of $16.50 per share, for a total transaction of $220,440.00. Following the completion of the acquisition, the director now directly owns 13,360 shares of the company’s stock, valued at $220,440. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.87% of the stock is currently owned by company 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.