Norwegian Cruise Line (NYSE:NCLH) Issues FY 2024 Earnings Guidance

Norwegian Cruise Line (NYSE:NCLH) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided EPS guidance of 1.530-1.530 for the period, compared to the consensus EPS estimate of 1.440. The company issued revenue guidance of -.

Norwegian Cruise Line Price Performance

Shares of Norwegian Cruise Line stock opened at $15.74 on Friday. The company has a debt-to-equity ratio of 17.19, a quick ratio of 0.22 and a current ratio of 0.24. The stock has a market capitalization of $6.75 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 0.29 and a beta of 2.69. The company has a fifty day moving average of $17.94 and a 200-day moving average of $17.94. Norwegian Cruise Line has a 52-week low of $12.70 and a 52-week high of $21.73.

Norwegian Cruise Line (NYSE:NCLH) last issued its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same period in the prior year, the business posted $0.20 EPS. Norwegian Cruise Line’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities research analysts expect that Norwegian Cruise Line will post 1.17 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on NCLH. Morgan Stanley increased their price objective on Norwegian Cruise Line from $16.50 to $17.50 and gave the stock an underweight rating in a report on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of Norwegian Cruise Line from $22.00 to $23.00 and gave the company a neutral rating in a research report on Tuesday, August 6th. UBS Group lifted their price objective on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a neutral rating in a research report on Tuesday, May 21st. StockNews.com upgraded shares of Norwegian Cruise Line from a sell rating to a hold rating in a report on Wednesday, May 8th. Finally, Bank of America increased their target price on Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a neutral rating in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus price target of $22.38.

Insider Activity at Norwegian Cruise Line

In related news, Director Zillah Byng-Thorne bought 13,360 shares of the business’s stock in a transaction on Friday, May 31st. The shares were bought at an average price of $16.50 per share, for a total transaction of $220,440.00. Following the completion of the purchase, the director now directly owns 13,360 shares of the company’s stock, valued at $220,440. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.87% of the stock is currently owned by corporate insiders.

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.