Norwegian Cruise Line (NASDAQ:NCLH) Issues Q3 Earnings Guidance

Norwegian Cruise Line (NASDAQ:NCLH) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of approx $2.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.24. Norwegian Cruise Line also updated its FY 2019 guidance to $5.00-5.10 EPS.

A number of equities research analysts have issued reports on the company. SunTrust Banks increased their price target on Norwegian Cruise Line from $71.00 to $72.00 and gave the company a buy rating in a research report on Friday. Nomura reaffirmed a buy rating and issued a $64.00 price target on shares of Norwegian Cruise Line in a research report on Sunday. BidaskClub raised Norwegian Cruise Line from a strong sell rating to a sell rating in a research report on Saturday. Morgan Stanley reduced their price target on Norwegian Cruise Line from $65.00 to $60.00 and set an overweight rating on the stock in a research report on Thursday, July 25th. Finally, Bank of America reaffirmed a buy rating and issued a $66.00 price target (down previously from $72.00) on shares of Norwegian Cruise Line in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Norwegian Cruise Line has an average rating of Buy and a consensus target price of $64.64.

Shares of NCLH stock traded up $1.06 during midday trading on Friday, hitting $49.66. The company had a trading volume of 3,565,693 shares, compared to its average volume of 2,190,592. The stock has a 50 day simple moving average of $49.99. Norwegian Cruise Line has a 52-week low of $39.36 and a 52-week high of $59.71.

Norwegian Cruise Line (NASDAQ:NCLH) last announced its earnings results on Thursday, August 8th. The company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.04. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.61 billion. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.21 earnings per share.

In other news, CEO Jason Montague sold 10,805 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $57.50, for a total value of $621,287.50. Following the completion of the sale, the chief executive officer now directly owns 92,993 shares of the company’s stock, valued at approximately $5,347,097.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rio Frank J. Del sold 3,077 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $56.52, for a total value of $173,912.04. Following the completion of the sale, the chief executive officer now directly owns 453,968 shares of the company’s stock, valued at $25,658,271.36. The disclosure for this sale can be found here. Insiders sold a total of 81,752 shares of company stock valued at $4,442,698 over the last three months. Insiders own 0.98% of the company’s stock.

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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