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

Norwegian Cruise Line (NYSE:NCLH) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.420-1.420 for the period, compared to the consensus earnings per share estimate of 1.350. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NCLH. The Goldman Sachs Group upped their price target on Norwegian Cruise Line from $19.00 to $21.00 and gave the stock a neutral rating in a report on Tuesday, May 28th. Citigroup raised their price target 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. UBS Group boosted their price objective on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a neutral rating in a research report on Tuesday, May 21st. Wells Fargo & Company raised their target price on shares of Norwegian Cruise Line from $19.00 to $20.00 and gave the company an equal weight rating in a report on Tuesday, May 21st. Finally, Susquehanna reduced their price target on shares of Norwegian Cruise Line from $21.00 to $18.00 and set a neutral rating on the stock in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Norwegian Cruise Line currently has an average rating of Hold and a consensus target price of $21.79.

Norwegian Cruise Line Stock Performance

Norwegian Cruise Line stock opened at $16.97 on Thursday. The stock has a fifty day moving average price of $17.20 and a 200 day moving average price of $18.11. Norwegian Cruise Line has a 52 week low of $12.70 and a 52 week high of $22.75. The firm has a market capitalization of $7.28 billion, a P/E ratio of 24.24, a PEG ratio of 0.28 and a beta of 2.62. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 33.16.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Norwegian Cruise Line had a net margin of 3.84% and a return on equity of 136.20%. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.24 billion. Equities research analysts anticipate that Norwegian Cruise Line will post 1.16 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Zillah Byng-Thorne acquired 13,360 shares of the company’s stock in a transaction dated Friday, May 31st. The stock was acquired at an average cost of $16.50 per share, for a total transaction of $220,440.00. Following the acquisition, the director now directly owns 13,360 shares in the company, valued at approximately $220,440. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.87% of the stock is currently owned by insiders.

About Norwegian Cruise Line

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.