Norwegian Cruise Line (NYSE:NCLH) Updates Q3 Earnings Guidance

Norwegian Cruise Line (NYSE:NCLH) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of ~$0.92 for the period, compared to the consensus earnings per share estimate of $0.91. Norwegian Cruise Line also updated its FY24 guidance to $1.53 EPS.

Norwegian Cruise Line Stock Performance

NYSE NCLH opened at $15.93 on Friday. The company has a market cap of $6.83 billion, a PE ratio of 22.76, a price-to-earnings-growth ratio of 0.29 and a beta of 2.69. The stock’s 50 day simple moving average is $18.04 and its 200-day simple moving average is $18.01. Norwegian Cruise Line has a 1-year low of $12.70 and a 1-year high of $21.73. The company has a debt-to-equity ratio of 17.19, a current ratio of 0.24 and a quick ratio of 0.22.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter last year, the business posted $0.20 earnings per share. The firm’s revenue was up 7.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Norwegian Cruise Line will post 1.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. StockNews.com upgraded Norwegian Cruise Line from a sell rating to a hold rating in a research report on Wednesday, May 8th. Truist Financial upgraded Norwegian Cruise Line from a hold rating to a buy rating and lifted their price objective for the stock from $20.00 to $21.00 in a research report on Wednesday, May 29th. UBS Group raised their target price on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a neutral rating in a research note on Tuesday, May 21st. Citigroup raised their target price on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a neutral rating in a research note on Tuesday, May 21st. Finally, Susquehanna raised their target price on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a neutral rating in a research note on Friday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $22.18.

Insider Buying and Selling

In related news, Director Zillah Byng-Thorne bought 13,360 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was purchased at an average cost of $16.50 per share, with a total value of $220,440.00. Following the purchase, the director now directly owns 13,360 shares of the company’s stock, valued at approximately $220,440. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.87% of the stock is currently owned by insiders.

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.