Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) Expected to Announce Earnings of $0.70 Per Share

Equities research analysts expect Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) to report $0.70 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Norwegian Cruise Line’s earnings. The highest EPS estimate is $0.71 and the lowest is $0.69. Norwegian Cruise Line reported earnings per share of $0.85 during the same quarter last year, which suggests a negative year over year growth rate of 17.6%. The company is expected to announce its next quarterly earnings results on Thursday, February 20th.

On average, analysts expect that Norwegian Cruise Line will report full year earnings of $5.06 per share for the current financial year, with EPS estimates ranging from $5.04 to $5.08. For the next financial year, analysts forecast that the business will report earnings of $5.63 per share, with EPS estimates ranging from $5.49 to $5.86. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Norwegian Cruise Line.

Norwegian Cruise Line (NASDAQ:NCLH) last issued its earnings results on Thursday, November 7th. The company reported $2.23 EPS for the quarter, topping the consensus estimate of $2.15 by $0.08. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.89 billion. Norwegian Cruise Line’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.27 EPS.

A number of research analysts recently issued reports on the company. Wedbush set a $65.00 price objective on Norwegian Cruise Line and gave the company a “buy” rating in a research report on Thursday, September 12th. Citigroup boosted their price objective on Norwegian Cruise Line from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, August 19th. Stifel Nicolaus set a $65.00 price objective on Norwegian Cruise Line and gave the company a “buy” rating in a research report on Sunday, November 3rd. Argus set a $68.00 price objective on Norwegian Cruise Line and gave the company a “buy” rating in a research report on Wednesday, September 4th. Finally, SunTrust Banks boosted their price objective on Norwegian Cruise Line from $71.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Two analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $64.81.

In other Norwegian Cruise Line news, CEO Rio Frank J. Del sold 2,456 shares of Norwegian Cruise Line stock in a transaction on Friday, October 18th. The stock was sold at an average price of $50.23, for a total transaction of $123,364.88. Following the sale, the chief executive officer now owns 404,094 shares of the company’s stock, valued at approximately $20,297,641.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rio Frank J. Del sold 4,000 shares of Norwegian Cruise Line stock in a transaction on Monday, September 16th. The shares were sold at an average price of $53.62, for a total value of $214,480.00. Following the sale, the chief executive officer now directly owns 408,407 shares in the company, valued at approximately $21,898,783.34. The disclosure for this sale can be found here. Insiders have sold a total of 257,364 shares of company stock worth $13,753,202 in the last ninety days. 0.98% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in NCLH. FMR LLC raised its stake in shares of Norwegian Cruise Line by 27.6% in the 1st quarter. FMR LLC now owns 245,566 shares of the company’s stock worth $13,497,000 after buying an additional 53,190 shares in the last quarter. NEXT Financial Group Inc raised its stake in shares of Norwegian Cruise Line by 53.6% in the 2nd quarter. NEXT Financial Group Inc now owns 2,351 shares of the company’s stock worth $126,000 after buying an additional 820 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Norwegian Cruise Line by 16.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 17,140 shares of the company’s stock worth $919,000 after buying an additional 2,436 shares in the last quarter. Strs Ohio raised its stake in shares of Norwegian Cruise Line by 51.1% in the 2nd quarter. Strs Ohio now owns 7,973 shares of the company’s stock worth $427,000 after buying an additional 2,697 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Norwegian Cruise Line in the 2nd quarter worth $295,000. 88.85% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NCLH traded up $0.75 during mid-day trading on Wednesday, hitting $53.61. The stock had a trading volume of 1,256,908 shares, compared to its average volume of 2,031,004. The company’s fifty day simple moving average is $52.18 and its two-hundred day simple moving average is $51.65. Norwegian Cruise Line has a fifty-two week low of $39.36 and a fifty-two week high of $59.71.

About Norwegian Cruise Line

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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