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

A number of equities analysts recently commented on NCLH shares. JPMorgan Chase & Co. upped their target price on Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Truist Financial upped their price objective on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. StockNews.com cut shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research report on Wednesday. The Goldman Sachs Group raised their price objective on shares of Norwegian Cruise Line from $24.00 to $29.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Tigress Financial reaffirmed a “strong-buy” rating and set a $32.00 price objective on shares of Norwegian Cruise Line in a research report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, eight 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 company has a consensus rating of “Hold” and a consensus target price of $25.80.

Norwegian Cruise Line Stock Down 1.8 %

NYSE:NCLH traded down $0.46 during trading hours on Friday, reaching $24.88. 12,222,766 shares of the company traded hands, compared to its average volume of 12,283,719. The company has a current ratio of 0.20, a quick ratio of 0.22 and a debt-to-equity ratio of 10.35. The business’s 50-day moving average price is $20.86 and its two-hundred day moving average price is $18.61. Norwegian Cruise Line has a 1 year low of $12.70 and a 1 year high of $26.73. The stock has a market capitalization of $10.94 billion, a P/E ratio of 22.83, a P/E/G ratio of 0.33 and a beta of 2.67.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same quarter in the previous year, the firm earned $0.20 EPS. Norwegian Cruise Line’s quarterly revenue was up 7.6% compared to the same quarter last year. Analysts predict that Norwegian Cruise Line will post 1.38 earnings per share for the current year.

About Norwegian Cruise Line

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.