Norwegian Cruise Line Holdings Ltd. (NCLH) Expected to Post Quarterly Sales of $1.65 Billion

Wall Street analysts forecast that Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) will post $1.65 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Norwegian Cruise Line Holdings’ earnings. The lowest sales estimate is $1.62 billion and the highest is $1.66 billion. Norwegian Cruise Line Holdings posted sales of $1.48 billion during the same quarter last year, which suggests a positive year over year growth rate of 11.5%. The company is expected to issue its next quarterly earnings report on Wednesday, November 8th.

On average, analysts expect that Norwegian Cruise Line Holdings will report full year sales of $1.65 billion for the current year, with estimates ranging from $5.34 billion to $5.44 billion. For the next fiscal year, analysts expect that the business will report sales of $5.94 billion per share, with estimates ranging from $5.80 billion to $6.03 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Norwegian Cruise Line Holdings.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.05. Norwegian Cruise Line Holdings had a net margin of 13.22% and a return on equity of 16.65%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the company earned $0.85 EPS. Norwegian Cruise Line Holdings’s revenue was up 13.3% compared to the same quarter last year.

NCLH has been the subject of a number of research reports. Zacks Investment Research cut shares of Norwegian Cruise Line Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. UBS AG restated a “neutral” rating and set a $60.00 target price (up previously from $51.00) on shares of Norwegian Cruise Line Holdings in a research report on Thursday, August 10th. Stifel Nicolaus restated a “buy” rating and set a $69.00 target price on shares of Norwegian Cruise Line Holdings in a research report on Thursday, October 12th. Bank of America Corporation initiated coverage on shares of Norwegian Cruise Line Holdings in a research report on Monday, July 24th. They set a “buy” rating and a $65.00 target price for the company. Finally, Berenberg Bank restated a “buy” rating and set a $65.00 target price on shares of Norwegian Cruise Line Holdings in a research report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $59.87.

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Shares of Norwegian Cruise Line Holdings (NASDAQ NCLH) traded down 4.77% during mid-day trading on Thursday, reaching $54.73. 5,375,344 shares of the company traded hands. The company has a market capitalization of $12.49 billion, a P/E ratio of 18.50 and a beta of 1.12. Norwegian Cruise Line Holdings has a 52 week low of $35.21 and a 52 week high of $61.48. The stock’s 50-day moving average is $56.64 and its 200-day moving average is $54.17.

In other news, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of Norwegian Cruise Line Holdings stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $54.57, for a total transaction of $306,956,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Harry Sommer sold 11,807 shares of Norwegian Cruise Line Holdings stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $58.42, for a total transaction of $689,764.94. Following the sale, the executive vice president now owns 42,195 shares of the company’s stock, valued at $2,465,031.90. The disclosure for this sale can be found here. Insiders own 0.98% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of NCLH. BlackRock Inc. grew its holdings in shares of Norwegian Cruise Line Holdings by 4,913.5% during the first quarter. BlackRock Inc. now owns 7,568,962 shares of the company’s stock worth $383,975,000 after buying an additional 7,417,990 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Norwegian Cruise Line Holdings by 2,659.1% during the second quarter. Janus Henderson Group PLC now owns 7,409,748 shares of the company’s stock worth $402,275,000 after buying an additional 7,141,190 shares in the last quarter. Fred Alger Management Inc. purchased a new stake in shares of Norwegian Cruise Line Holdings during the second quarter worth about $63,312,000. Janus Capital Management LLC grew its holdings in shares of Norwegian Cruise Line Holdings by 14.3% during the first quarter. Janus Capital Management LLC now owns 8,019,411 shares of the company’s stock worth $406,820,000 after buying an additional 1,001,491 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Norwegian Cruise Line Holdings by 71.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,802,173 shares of the company’s stock worth $91,427,000 after buying an additional 752,126 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

About Norwegian Cruise Line Holdings

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 and Estimates for Norwegian Cruise Line Holdings (NASDAQ:NCLH)

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