Norwegian Cruise Line (NYSE:NCLH) Releases Q4 2024 Earnings Guidance

Norwegian Cruise Line (NYSE:NCLH) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.090-0.090 for the period, compared to the consensus estimate of 0.080. The company issued revenue guidance of -. Norwegian Cruise Line also updated its FY 2024 guidance to 1.650-1.650 EPS.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NCLH. Tigress Financial reiterated a “strong-buy” rating and set a $32.00 target price on shares of Norwegian Cruise Line in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft boosted their target price on Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Friday. Susquehanna boosted their target price on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Truist Financial boosted their target price on Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, Citigroup upgraded Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $20.00 to $30.00 in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Norwegian Cruise Line presently has a consensus rating of “Hold” and an average price target of $25.80.

Norwegian Cruise Line Stock Down 1.8 %

Shares of NCLH traded down $0.46 during trading on Friday, reaching $24.88. The company’s stock had a trading volume of 12,222,766 shares, compared to its average volume of 12,937,590. The company has a fifty day moving average of $20.86 and a two-hundred day moving average of $18.60. Norwegian Cruise Line has a twelve month low of $12.70 and a twelve month high of $26.73. The company has a market cap of $10.94 billion, a price-to-earnings ratio of 29.27, a P/E/G ratio of 0.31 and a beta of 2.71. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 17.19.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. The business’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 EPS. On average, sell-side analysts predict that Norwegian Cruise Line will post 1.38 EPS for the current fiscal year.

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.