Viking (NYSE:VIK) Releases Earnings Results, Beats Estimates By $0.01 EPS

Viking (NYSE:VIK) posted its quarterly earnings results on Wednesday. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.19 by $0.01, Zacks reports. Viking had a negative return on equity of 374.71% and a net margin of 13.99%.

Viking Price Performance

VIK stock opened at $58.20 on Wednesday. The stock’s 50 day moving average price is $60.42 and its 200 day moving average price is $55.96. The firm has a market cap of $25.79 billion, a P/E ratio of 31.46, a PEG ratio of 0.67 and a beta of 2.20. The company has a debt-to-equity ratio of 19.33, a quick ratio of 0.62 and a current ratio of 0.64. Viking has a 1 year low of $31.79 and a 1 year high of $65.37.

Institutional Trading of Viking

Several institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its stake in shares of Viking by 92.0% during the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock valued at $57,000 after acquiring an additional 690 shares during the last quarter. Prudential Financial Inc. purchased a new position in Viking in the 2nd quarter valued at about $303,000. Daiwa Securities Group Inc. acquired a new stake in shares of Viking during the 2nd quarter worth about $922,000. State Street Corp boosted its stake in shares of Viking by 34,748.5% during the 2nd quarter. State Street Corp now owns 1,812,120 shares of the company’s stock worth $96,568,000 after purchasing an additional 1,806,920 shares during the last quarter. Finally, Nebula Research & Development LLC grew its holdings in shares of Viking by 275.0% during the second quarter. Nebula Research & Development LLC now owns 30,257 shares of the company’s stock worth $1,612,000 after buying an additional 22,188 shares in the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VIK has been the subject of a number of recent analyst reports. Truist Financial raised their target price on Viking from $55.00 to $59.00 and gave the company a “hold” rating in a report on Friday, September 19th. Morgan Stanley increased their target price on shares of Viking from $62.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday, August 20th. Bank of America lifted their price target on shares of Viking from $51.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Viking in a report on Thursday, November 13th. Finally, Barclays raised their price objective on Viking from $61.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, October 3rd. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Viking presently has an average rating of “Hold” and a consensus target price of $58.75.

About Viking

Viking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally. It operates through River and Ocean segments. The company also operates as a tour entrepreneur for passengers and related activities in tourism. As of December 31, 2023, it operated a fleet of 92 ships, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels, and 1 river vessel charter and the Viking Mississippi; 9 ocean ships; and 2 expedition ships.