Viking (NYSE:VIK) Announces Earnings Results

Viking (NYSE:VIK) issued its earnings results on Tuesday. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09, Zacks reports. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. The company’s revenue for the quarter was up 20.5% on a year-over-year basis.

Viking Price Performance

Viking stock opened at $40.52 on Thursday. Viking has a 52 week low of $25.71 and a 52 week high of $53.14. The company’s 50-day moving average price is $47.71 and its two-hundred day moving average price is $42.72.

Analysts Set New Price Targets

Several brokerages recently issued reports on VIK. Loop Capital assumed coverage on Viking in a research note on Tuesday, February 4th. They set a “buy” rating and a $55.00 price objective on the stock. Bank of America raised their price target on shares of Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Stifel Nicolaus increased their price objective on shares of Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Truist Financial lifted their target price on Viking from $38.00 to $49.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. Finally, Barclays set a $46.00 price target on Viking and gave the stock an “equal weight” rating in a research report on Wednesday. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $44.93.

About Viking

Viking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally. It operates through River and Ocean segments. The company also operates as a tour entrepreneur for passengers and related activities in tourism. As of December 31, 2023, it operated a fleet of 92 ships, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels, and 1 river vessel charter and the Viking Mississippi; 9 ocean ships; and 2 expedition ships.