Norwegian Cruise Line (NASDAQ:NCLH) issued an update on its third quarter 2019 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.15-2.15 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.
Shares of Norwegian Cruise Line stock traded up $1.06 during trading on Friday, hitting $49.66. 3,565,693 shares of the company’s stock were exchanged, compared to its average volume of 2,190,592. The firm’s 50-day simple moving average is $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 issued its earnings results on Thursday, August 8th. The company reported $1.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.04. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period last year, the business earned $1.21 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis.
In other news, CEO Andrew Stuart sold 20,000 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $54.04, for a total transaction of $1,080,800.00. Following the completion of the sale, the chief executive officer now owns 379,352 shares of the company’s stock, valued at $20,500,182.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jason Montague sold 10,805 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $57.50, for a total transaction of $621,287.50. Following 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 disclosure for this sale can be found here. Insiders sold 81,752 shares of company stock valued at $4,442,698 in the last ninety days. 0.98% of the stock is owned by corporate insiders.
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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