Norwegian Cruise Line (NYSE:NCLH) Issues Q4 2024 Earnings Guidance

Norwegian Cruise Line (NYSE:NCLH) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.090-0.090 for the period, compared to the consensus estimate of 0.080. The company issued revenue guidance of -. Norwegian Cruise Line also updated its FY 2024 guidance to 1.650-1.650 EPS.

Norwegian Cruise Line Stock Performance

Shares of NCLH stock traded down $0.46 during trading on Friday, hitting $24.88. The company’s stock had a trading volume of 12,222,766 shares, compared to its average volume of 12,937,590. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 17.19. The company has a market cap of $10.94 billion, a PE ratio of 29.27, a P/E/G ratio of 0.31 and a beta of 2.71. The business has a fifty day moving average of $20.86 and a 200-day moving average of $18.60. Norwegian Cruise Line has a 52 week low of $12.70 and a 52 week high of $26.73.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same period in the prior year, the firm earned $0.20 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. As a group, research analysts anticipate that Norwegian Cruise Line will post 1.38 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NCLH shares. Tigress Financial reissued a “strong-buy” rating and issued a $32.00 price objective on shares of Norwegian Cruise Line in a report on Friday, August 9th. Mizuho raised their target price on Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Friday. Barclays lifted their target price on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday. Truist Financial increased their price target 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. Finally, Morgan Stanley boosted their price objective on shares of Norwegian Cruise Line from $17.50 to $19.00 and gave the company an “underweight” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Norwegian Cruise Line 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.