Norwegian Cruise Line (NYSE:NCLH) Issues Quarterly Earnings Results

Norwegian Cruise Line (NYSE:NCLH) posted its earnings results on Thursday. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.94 by $0.05, Briefing.com reports. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same period last year, the company posted $0.71 EPS. The company’s quarterly revenue was up 10.7% compared to the same quarter last year.

Norwegian Cruise Line Stock Performance

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Citigroup raised shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and raised their target price for the company from $20.00 to $30.00 in a research note on Wednesday, October 9th. Morgan Stanley boosted their price target on Norwegian Cruise Line from $17.50 to $19.00 and gave the stock an “underweight” rating in a research report on Wednesday. Bank of America raised their price objective on Norwegian Cruise Line from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Finally, Barclays boosted their target price on Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday. Two 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 given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.80.

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.