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

Norwegian Cruise Line (NYSE:NCLH) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $1.53 for the period, compared to the consensus EPS estimate of $1.45. Norwegian Cruise Line also updated its Q3 guidance to ~$0.92 EPS.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NCLH. StockNews.com upgraded Norwegian Cruise Line from a sell rating to a hold rating in a report on Wednesday, May 8th. JPMorgan Chase & Co. lifted their price objective on Norwegian Cruise Line from $20.00 to $22.00 and gave the company a neutral rating in a research note on Wednesday, July 24th. Stifel Nicolaus lifted their price objective on Norwegian Cruise Line from $26.00 to $27.00 and gave the company a buy rating in a research note on Thursday. Wells Fargo & Company lifted their price objective on Norwegian Cruise Line from $19.00 to $20.00 and gave the company an equal weight rating in a research note on Tuesday, May 21st. Finally, Truist Financial upgraded Norwegian Cruise Line from a hold rating to a buy rating and lifted their price objective for the company from $20.00 to $21.00 in a research note on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $22.18.

Norwegian Cruise Line Trading Down 8.2 %

NCLH opened at $15.93 on Friday. The firm has a market cap of $6.83 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 0.29 and a beta of 2.69. Norwegian Cruise Line has a 52 week low of $12.70 and a 52 week high of $21.73. The business’s 50 day moving average is $18.04 and its two-hundred day moving average is $18.01. 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 (NYSE:NCLH) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.34 by $0.06. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 earnings per share. On average, research analysts predict that Norwegian Cruise Line will post 1.17 EPS for the current year.

Insider Transactions at Norwegian Cruise Line

In related news, Director Zillah Byng-Thorne purchased 13,360 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was acquired at an average price of $16.50 per share, for a total transaction of $220,440.00. Following the completion of the purchase, the director now directly owns 13,360 shares of the company’s stock, valued at $220,440. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.87% of the company’s stock.

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.