Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) Expected to Announce Earnings of $1.34 Per Share

Equities analysts expect Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) to announce earnings of $1.34 per share for the current quarter, Zacks reports. Four analysts have made estimates for Norwegian Cruise Line’s earnings, with the highest EPS estimate coming in at $1.34 and the lowest estimate coming in at $1.33. Norwegian Cruise Line reported earnings per share of $1.21 in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.7%. The business is expected to issue its next quarterly earnings report on Thursday, August 8th.

On average, analysts expect that Norwegian Cruise Line will report full-year earnings of $5.45 per share for the current year, with EPS estimates ranging from $5.07 to $5.57. For the next year, analysts anticipate that the firm will post earnings of $6.12 per share, with EPS estimates ranging from $5.94 to $6.35. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Norwegian Cruise Line.

Norwegian Cruise Line (NASDAQ:NCLH) last announced its earnings results on Thursday, May 9th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the company posted $0.60 earnings per share. Norwegian Cruise Line’s quarterly revenue was up 8.5% on a year-over-year basis.

A number of research firms have weighed in on NCLH. BidaskClub downgraded shares of Norwegian Cruise Line from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Morgan Stanley increased their price target on shares of Norwegian Cruise Line from $64.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, May 10th. Buckingham Research increased their price target on shares of Norwegian Cruise Line from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Nomura increased their price target on shares of Norwegian Cruise Line from $65.00 to $69.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Finally, Wells Fargo & Co increased their price target on shares of Norwegian Cruise Line from $68.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $65.00.

Shares of NASDAQ:NCLH traded up $0.21 on Friday, reaching $52.05. The company’s stock had a trading volume of 69,036 shares, compared to its average volume of 2,125,619. The business has a 50-day moving average price of $54.45. Norwegian Cruise Line has a 52-week low of $39.36 and a 52-week high of $59.71.

In related news, CEO Rio Frank J. Del sold 3,076 shares of Norwegian Cruise Line stock in a transaction on Monday, June 17th. The shares were sold at an average price of $53.75, for a total transaction of $165,335.00. Following the sale, the chief executive officer now owns 450,494 shares of the company’s stock, valued at approximately $24,214,052.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew Stuart sold 22,051 shares of Norwegian Cruise Line stock in a transaction on Friday, June 14th. The stock was sold at an average price of $54.00, for a total transaction of $1,190,754.00. Following the sale, the chief executive officer now directly owns 393,192 shares in the company, valued at approximately $21,232,368. The disclosure for this sale can be found here. In the last three months, insiders sold 62,086 shares of company stock worth $3,412,032. Insiders own 0.98% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan acquired a new position in Norwegian Cruise Line during the 4th quarter worth $881,000. Stifel Financial Corp boosted its stake in Norwegian Cruise Line by 10.6% during the 4th quarter. Stifel Financial Corp now owns 51,269 shares of the company’s stock valued at $2,146,000 after purchasing an additional 4,902 shares during the period. Jaffetilchin Investment Partners LLC acquired a new position in Norwegian Cruise Line during the 1st quarter valued at about $241,000. Meeder Asset Management Inc. boosted its stake in Norwegian Cruise Line by 126.5% during the 1st quarter. Meeder Asset Management Inc. now owns 29,423 shares of the company’s stock valued at $1,617,000 after purchasing an additional 16,435 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Norwegian Cruise Line by 2.8% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 37,648 shares of the company’s stock valued at $2,069,000 after purchasing an additional 1,015 shares during the period. 88.85% of the stock is currently owned by hedge funds and other institutional investors.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The Company had 25 ships with approximately 50,400 Berths, as of May 1, 2017. The Company’s brands offer itineraries to various destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii.

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Earnings History and Estimates for Norwegian Cruise Line (NASDAQ:NCLH)

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