Norwegian Cruise Line (NYSE:NCLH) Issues FY24 Earnings Guidance

Norwegian Cruise Line (NYSE:NCLH) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.65 for the period, compared to the consensus estimate of $1.58. Norwegian Cruise Line also updated its FY 2024 guidance to 1.650-1.650 EPS.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NCLH shares. StockNews.com cut Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research note on Wednesday. Barclays increased their price objective on shares of Norwegian Cruise Line from $21.00 to $26.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus boosted their target price on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Susquehanna increased their price target on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, Truist Financial boosted their price objective on Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $23.73.

Norwegian Cruise Line Price Performance

Shares of NYSE NCLH opened at $26.14 on Thursday. The firm’s 50-day simple moving average is $20.54 and its 200 day simple moving average is $18.50. The stock has a market cap of $11.49 billion, a P/E ratio of 28.06, a P/E/G ratio of 0.33 and a beta of 2.71. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 17.19. Norwegian Cruise Line has a fifty-two week low of $12.70 and a fifty-two week high of $26.15.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the business earned $0.20 earnings per share. Equities analysts expect that Norwegian Cruise Line will post 1.38 EPS for the current year.

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.