Norwegian Cruise Line (NYSE:NCLH) Releases Q2 2024 Earnings Guidance

Norwegian Cruise Line (NYSE:NCLH) updated its second quarter 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.320-0.320 for the period, compared to the consensus earnings per share estimate of 0.310. The company issued revenue guidance of -. Norwegian Cruise Line also updated its FY 2024 guidance to 1.320-1.320 EPS.

Norwegian Cruise Line Stock Up 0.3 %

Shares of NCLH stock traded up $0.04 during trading hours on Friday, reaching $15.99. The company had a trading volume of 17,016,675 shares, compared to its average volume of 13,771,958. The company has a market cap of $6.86 billion, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 0.33 and a beta of 2.59. The company has a debt-to-equity ratio of 33.16, a current ratio of 0.24 and a quick ratio of 0.19. Norwegian Cruise Line has a 12 month low of $12.70 and a 12 month high of $22.75. The business has a fifty day simple moving average of $19.11 and a 200-day simple moving average of $17.47.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.05). Norwegian Cruise Line had a net margin of 3.84% and a return on equity of 136.20%. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter last year, the business posted ($1.10) earnings per share. On average, research analysts expect that Norwegian Cruise Line will post 1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NCLH has been the topic of several recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Norwegian Cruise Line in a research report on Wednesday, March 13th. They set a neutral rating and a $19.00 target price on the stock. Morgan Stanley boosted their price objective on Norwegian Cruise Line from $14.00 to $15.00 and gave the stock an underweight rating in a research report on Tuesday, March 5th. StockNews.com raised Norwegian Cruise Line from a sell rating to a hold rating in a research report on Thursday. Susquehanna cut their price target on shares of Norwegian Cruise Line from $21.00 to $18.00 and set a neutral rating on the stock in a report on Thursday. Finally, Citigroup decreased their price objective on shares of Norwegian Cruise Line from $23.00 to $19.00 and set a neutral rating for the company in a report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $20.67.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.