Norwegian Cruise Line (NYSE:NCLH) Issues Quarterly Earnings Results

Norwegian Cruise Line (NYSE:NCLH) announced its quarterly earnings results on Thursday. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.07, Briefing.com reports. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.64 billion. Norwegian Cruise Line had a return on equity of 47.84% and a net margin of 5.66%.The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. Norwegian Cruise Line updated its Q3 2026 guidance to 0.900-0.900 EPS and its FY 2026 guidance to 1.500-1.500 EPS.

Here are the key takeaways from Norwegian Cruise Line’s conference call:

• Second-quarter results exceeded guidance: Revenue increased 5%, adjusted EBITDA reached $666 million, and adjusted EPS was $0.48. Unit costs declined 0.5% as cost controls offset weaker yields.
• The company lowered its outlook, expecting full-year net yields to decline approximately 5%, adjusted EBITDA of about $2.5 billion, and adjusted EPS of roughly $1.50. Third-quarter yields are projected to fall 8.9%, reflecting weak bookings, particularly on European itineraries affected by elevated airfare and macro pressures.
• Management identified an additional $100 million of annualized savings and cash benefits, bringing savings announced over the past two quarters to approximately $225 million. Further efficiencies are expected to support margins and free cash flow without reducing the guest experience.
• NCL is changing its revenue-management approach to “base loading,” using more competitive pricing earlier in the booking curve to rebuild demand and reduce close-in discounting. Benefits are expected to emerge gradually, with the first half of 2027 still pressured and improvement anticipated in the second half.
• The company expects new investments at Great Stirrup Cay, including the Great Tides Water Park, to expand paid experiences and improve the destination’s revenue potential. Fleet delivery is also set to moderate after 2027, with annual growth CapEx expected to decline by nearly $1 billion and support future deleveraging.

Norwegian Cruise Line Price Performance

Norwegian Cruise Line stock traded down $0.11 during trading on Friday, reaching $18.61. The company had a trading volume of 13,346,514 shares, compared to its average volume of 21,018,078. The firm has a market capitalization of $8.54 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 1.23 and a beta of 1.87. The firm’s 50-day simple moving average is $19.40 and its 200 day simple moving average is $20.01. The company has a debt-to-equity ratio of 5.75, a quick ratio of 0.18 and a current ratio of 0.21. Norwegian Cruise Line has a 1-year low of $14.53 and a 1-year high of $27.18.

Key Norwegian Cruise Line News

Here are the key news stories impacting Norwegian Cruise Line this week:

• Positive Sentiment: NCLH reported second-quarter adjusted earnings of $0.48 per share, above the $0.41 consensus estimate, while revenue increased 4.9% year over year to $2.64 billion. Strong onboard spending, higher capacity and cost controls supported the results. Norwegian Cruise Line Holdings Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Management identified an additional $100 million in cost savings, with more reductions potentially available. The company is also redesigning pricing and marketing to improve demand and competitiveness. NCLH Finds Another $100 Million in Cost Savings
• Positive Sentiment: Wells Fargo maintained an “overweight” rating with a $22 price target, and Stifel retained a “buy” rating with a $25 target, implying substantial potential upside from recent trading levels. Analyst Price Targets

Insider Activity at Norwegian Cruise Line

In related news, CEO John Chidsey bought 153,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was acquired at an average price of $16.37 per share, with a total value of $2,504,610.00. Following the completion of the purchase, the chief executive officer directly owned 1,139,940 shares of the company’s stock, valued at approximately $18,660,817.80. This trade represents a 15.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Zillah Byng-Thorne purchased 25,015 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was bought at an average cost of $17.67 per share, for a total transaction of $442,015.05. Following the completion of the purchase, the director directly owned 99,811 shares in the company, valued at $1,763,660.37. This represents a 33.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have purchased 1,592,467 shares of company stock valued at $28,493,204. Insiders own 0.25% of the company’s stock.

Institutional Investors Weigh In On Norwegian Cruise Line

Large investors have recently bought and sold shares of the company. MUFG Securities EMEA plc purchased a new position in shares of Norwegian Cruise Line in the second quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new position in Norwegian Cruise Line in the 4th quarter valued at $31,000. Aster Capital Management DIFC Ltd acquired a new stake in Norwegian Cruise Line during the 4th quarter worth $50,000. Quarry LP boosted its stake in Norwegian Cruise Line by 89,066.7% during the 4th quarter. Quarry LP now owns 2,675 shares of the company’s stock worth $60,000 after purchasing an additional 2,672 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of Norwegian Cruise Line by 302.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 3,477 shares of the company’s stock worth $78,000 after buying an additional 2,614 shares in the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. UBS Group dropped their target price on Norwegian Cruise Line from $22.00 to $17.00 and set a “neutral” rating on the stock in a report on Tuesday, May 19th. Loop Capital initiated coverage on shares of Norwegian Cruise Line in a report on Monday, June 1st. They set a “buy” rating and a $22.00 target price for the company. Jefferies Financial Group boosted their target price on shares of Norwegian Cruise Line from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Friday, July 17th. Barclays lowered their price target on shares of Norwegian Cruise Line from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, TD Cowen raised their price target on shares of Norwegian Cruise Line from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, Norwegian Cruise Line presently has an average rating of “Hold” and a consensus target price of $21.20.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a global cruise operator offering a portfolio of premium brands that includes Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. The company provides sea voyages and related onboard services such as dining, entertainment, shore excursions and destination experiences. Its fleet of modern vessels sails to more than 400 destinations across all seven continents, serving leisure travelers with itineraries ranging from short Caribbean getaways to extended world voyages.

Founded in 1966 by Knut Kloster and Ted Arison, the company pioneered the concept of “Freestyle Cruising,” which allows passengers greater flexibility in dining schedules, entertainment choices and onboard activities.