Norwegian Cruise Line (NCLH) Releases FY 2018 Earnings Guidance

Norwegian Cruise Line (NASDAQ:NCLH) issued an update on its FY 2018 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $4.85-4.85 for the period, compared to the Thomson Reuters consensus estimate of $4.82. Norwegian Cruise Line also updated its FY18 guidance to ~$4.85 EPS.

Shares of NASDAQ:NCLH traded down $0.48 during trading on Friday, hitting $48.79. The company’s stock had a trading volume of 234,741 shares, compared to its average volume of 2,046,289. Norwegian Cruise Line has a fifty-two week low of $41.61 and a fifty-two week high of $61.18.

Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings results on Thursday, November 8th. The company reported $2.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.21 by $0.06. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the firm posted $1.86 EPS. The company’s revenue was up 12.5% compared to the same quarter last year.

NCLH has been the topic of several recent analyst reports. BidaskClub upgraded Norwegian Cruise Line from a buy rating to a strong-buy rating in a research note on Friday, September 21st. JPMorgan Chase & Co. cut their price target on Norwegian Cruise Line from $70.00 to $61.00 and set an overweight rating on the stock in a research note on Friday, August 10th. Macquarie upgraded Norwegian Cruise Line from an underperform rating to a neutral rating and set a $55.00 price target on the stock in a research note on Friday, September 28th. Nomura cut their price target on Norwegian Cruise Line from $72.00 to $65.00 and set a buy rating on the stock in a research note on Friday, August 10th. Finally, Stifel Nicolaus boosted their price target on Norwegian Cruise Line from $70.00 to $71.00 and gave the stock a buy rating in a research note on Friday, August 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. Norwegian Cruise Line presently has an average rating of Buy and an average price target of $64.80.

In related news, CEO Rio Frank J. Del sold 3,077 shares of the business’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $55.99, for a total value of $172,281.23. Following the completion of the sale, the chief executive officer now directly owns 308,967 shares of the company’s stock, valued at $17,299,062.33. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last three months, insiders sold 9,231 shares of company stock valued at $488,443. 0.98% of the stock is owned by corporate insiders.

TRADEMARK VIOLATION WARNING: This report was first posted by WKRB News and is the property of of WKRB News. If you are reading this report on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The original version of this report can be read at https://www.wkrb13.com/2018/11/09/norwegian-cruise-line-nclh-releases-fy-2018-earnings-guidance.html.

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.

Recommended Story: Compound Interest and Why It Matters When Investing

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

Receive News & Ratings for Norwegian Cruise Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply