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

Norwegian Cruise Line (NYSE:NCLH) updated its second quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.320-0.320 for the period, compared to the consensus EPS 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.

Analyst Ratings Changes

NCLH has been the subject of a number of research analyst reports. StockNews.com raised Norwegian Cruise Line from a sell rating to a hold rating in a research note on Thursday. Barclays decreased their target price on Norwegian Cruise Line from $21.00 to $20.00 and set an equal weight rating for the company in a research report on Thursday. Susquehanna lowered their target price on shares of Norwegian Cruise Line from $21.00 to $18.00 and set a neutral rating for the company in a research note on Thursday. Truist Financial raised their price target on shares of Norwegian Cruise Line from $17.00 to $20.00 and gave the stock a hold rating in a research note on Friday, March 1st. Finally, Stifel Nicolaus reissued a buy rating and issued a $25.00 price objective on shares of Norwegian Cruise Line in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $20.67.

Norwegian Cruise Line Stock Up 0.3 %

Shares of NYSE NCLH traded up $0.04 during midday trading on Friday, reaching $15.99. 17,016,675 shares of the company’s stock traded hands, 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 P/E/G ratio of 0.33 and a beta of 2.59. Norwegian Cruise Line has a one year low of $12.70 and a one year high of $22.75. The company has a quick ratio of 0.19, a current ratio of 0.24 and a debt-to-equity ratio of 33.16. The stock’s 50 day simple moving average is $19.11 and its 200-day simple moving average is $17.47.

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

About Norwegian Cruise Line

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.