Zacks: Brokerages Anticipate Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) to Post $0.70 EPS

Analysts forecast that Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) will announce earnings of $0.70 per share for the current quarter, Zacks reports. Five analysts have issued estimates for Norwegian Cruise Line’s earnings, with the lowest EPS estimate coming in at $0.69 and the highest estimate coming in at $0.71. Norwegian Cruise Line reported earnings per share of $0.85 during the same quarter last year, which would suggest a negative year over year growth rate of 17.6%. The business is scheduled to report its next quarterly earnings results on Thursday, February 20th.

According to Zacks, analysts expect that Norwegian Cruise Line will report full year earnings of $5.06 per share for the current fiscal year, with EPS estimates ranging from $5.04 to $5.08. For the next fiscal year, analysts forecast that the business will post earnings of $5.63 per share, with EPS estimates ranging from $5.49 to $5.86. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Norwegian Cruise Line.

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

Several research analysts have weighed in on the stock. TheStreet raised shares of Norwegian Cruise Line from a “c+” rating to a “b” rating in a report on Friday, September 6th. Stifel Nicolaus set a $65.00 target price on shares of Norwegian Cruise Line and gave the company a “buy” rating in a research note on Sunday, November 3rd. Nomura restated a “buy” rating on shares of Norwegian Cruise Line in a research note on Thursday, October 10th. Argus set a $68.00 price target on shares of Norwegian Cruise Line and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Wedbush set a $65.00 price target on Norwegian Cruise Line and gave the stock a “buy” rating in a research note on Thursday, September 12th. Two equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $64.81.

In other news, CEO Andrew Stuart sold 245,364 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $53.49, for a total transaction of $13,124,520.36. Also, CEO Rio Frank J. Del sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $53.62, for a total value of $214,480.00. Following the transaction, the chief executive officer now owns 408,407 shares of the company’s stock, valued at $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 valued at $13,753,202 over the last three months. 0.98% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Motco raised its stake in Norwegian Cruise Line by 168.8% during the 3rd quarter. Motco now owns 500 shares of the company’s stock valued at $26,000 after acquiring an additional 314 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Norwegian Cruise Line by 993.7% in the third quarter. Quadrant Capital Group LLC now owns 864 shares of the company’s stock worth $43,000 after purchasing an additional 785 shares in the last quarter. CSat Investment Advisory L.P. grew its stake in shares of Norwegian Cruise Line by 100.0% in the second quarter. CSat Investment Advisory L.P. now owns 876 shares of the company’s stock worth $47,000 after purchasing an additional 438 shares in the last quarter. NEXT Financial Group Inc increased its holdings in shares of Norwegian Cruise Line by 53.6% during the second quarter. NEXT Financial Group Inc now owns 2,351 shares of the company’s stock valued at $126,000 after purchasing an additional 820 shares during the period. Finally, Phocas Financial Corp. acquired a new position in shares of Norwegian Cruise Line during the second quarter valued at $135,000. Hedge funds and other institutional investors own 88.85% of the company’s stock.

NASDAQ NCLH opened at $54.71 on Wednesday. Norwegian Cruise Line has a 12 month low of $39.36 and a 12 month high of $59.71. The company’s fifty day moving average price is $52.38 and its two-hundred day moving average price is $51.62.

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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