Norwegian Cruise Line Holdings Ltd. (NCLH) Expected to Post Earnings of $0.79 Per Share

Wall Street brokerages expect that Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) will report $0.79 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Norwegian Cruise Line’s earnings. The lowest EPS estimate is $0.78 and the highest is $0.81. Norwegian Cruise Line reported earnings of $0.68 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 16.2%. The business is scheduled to report its next earnings results on Thursday, February 28th.

According to Zacks, analysts expect that Norwegian Cruise Line will report full-year earnings of $4.86 per share for the current fiscal year, with EPS estimates ranging from $4.85 to $4.88. For the next financial year, analysts forecast that the company will report earnings of $5.14 per share, with EPS estimates ranging from $5.05 to $5.28. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Norwegian Cruise Line.

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

Several analysts have weighed in on the company. Zacks Investment Research raised Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Friday, July 20th. BidaskClub raised Norwegian Cruise Line from a “buy” rating to a “strong-buy” rating in a report on Friday, September 21st. JPMorgan Chase & Co. lowered their price target on Norwegian Cruise Line from $70.00 to $61.00 and set an “overweight” rating for the company in a research note on Friday, August 10th. Stifel Nicolaus upped their price target on Norwegian Cruise Line from $70.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Finally, Macquarie raised Norwegian Cruise Line from an “underperform” rating to a “neutral” rating and set a $55.00 price target for the company in a research note on Thursday, November 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $64.50.

In other news, CEO Rio Frank J. Del sold 3,077 shares of the company’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $51.03, for a total value of $157,019.31. Following the completion of the sale, the chief executive officer now directly owns 304,398 shares of the company’s stock, valued at approximately $15,533,429.94. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 9,231 shares of company stock valued at $483,858. 0.98% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the company. TIAA CREF Investment Management LLC increased its stake in Norwegian Cruise Line by 9.7% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 364,674 shares of the company’s stock worth $20,943,000 after purchasing an additional 32,316 shares in the last quarter. Neuberger Berman Group LLC boosted its position in Norwegian Cruise Line by 39.6% during the 3rd quarter. Neuberger Berman Group LLC now owns 436,637 shares of the company’s stock worth $25,076,000 after acquiring an additional 123,790 shares during the last quarter. Matthew Goff Investment Advisor LLC acquired a new position in Norwegian Cruise Line during the 3rd quarter worth approximately $600,000. Laurel Wealth Advisors Inc. boosted its position in Norwegian Cruise Line by 85.2% during the 3rd quarter. Laurel Wealth Advisors Inc. now owns 10,675 shares of the company’s stock worth $613,000 after acquiring an additional 4,912 shares during the last quarter. Finally, HRT Financial LLC acquired a new position in Norwegian Cruise Line during the 3rd quarter worth approximately $208,000. 88.85% of the stock is owned by institutional investors.

NASDAQ:NCLH traded down $0.01 on Friday, hitting $50.43. 1,444,520 shares of the stock were exchanged, compared to its average volume of 2,061,751. Norwegian Cruise Line has a 52 week low of $41.61 and a 52 week high of $61.18.

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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