Norwegian Cruise Line (NCLH) Posts Quarterly Earnings Results, Beats Expectations By $0.18 EPS

Norwegian Cruise Line (NASDAQ:NCLH) issued its quarterly earnings results on Thursday. The company reported $1.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.18, Bloomberg Earnings reports. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.02 earnings per share. Norwegian Cruise Line updated its Q3 guidance to ~$2.20 EPS and its FY18 guidance to ~$4.85 EPS.

Shares of NCLH stock traded down $0.34 during trading hours on Friday, reaching $50.61. 1,854,963 shares of the stock were exchanged, compared to its average volume of 2,011,740. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.31 and a current ratio of 0.34. Norwegian Cruise Line has a 12-month low of $46.16 and a 12-month high of $61.18.

Several analysts have recently issued reports on NCLH shares. Zacks Investment Research cut shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research report on Wednesday, April 25th. Deutsche Bank raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research report on Wednesday, April 18th. Morgan Stanley reduced their price target on shares of Norwegian Cruise Line from $64.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 5th. Bank of America set a $72.00 price target on shares of Norwegian Cruise Line and gave the stock a “buy” rating in a research report on Monday, May 28th. Finally, BidaskClub cut shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research report on Tuesday, May 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $64.17.

In other Norwegian Cruise Line news, CEO Rio Frank J. Del sold 22,743 shares of the stock in a transaction that occurred on Tuesday, July 3rd. The shares were sold at an average price of $46.96, for a total value of $1,068,011.28. Following the transaction, the chief executive officer now directly owns 357,021 shares in the company, valued at $16,765,706.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rio Frank J. Del sold 10,657 shares of the stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $49.10, for a total transaction of $523,258.70. Following the completion of the transaction, the chief executive officer now owns 324,286 shares in the company, valued at $15,922,442.60. The disclosure for this sale can be found here. Insiders have sold 39,554 shares of company stock worth $1,913,001 over the last 90 days. Insiders own 0.98% of the company’s stock.

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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Earnings History for Norwegian Cruise Line (NASDAQ:NCLH)

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