Norwegian Cruise Line (NASDAQ:NCLH) Updates Q4 Earnings Guidance

Norwegian Cruise Line (NASDAQ:NCLH) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.69 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.79.

A number of equities research analysts recently weighed in on the company. SunTrust Banks upped their price target on Norwegian Cruise Line from $71.00 to $72.00 and gave the stock a buy rating in a report on Friday, August 9th. Citigroup increased their target price on Norwegian Cruise Line from $60.00 to $65.00 and gave the company a buy rating in a report on Monday, August 19th. Stifel Nicolaus set a $65.00 target price on Norwegian Cruise Line and gave the company a buy rating in a report on Sunday, November 3rd. Nomura reiterated a buy rating on shares of Norwegian Cruise Line in a report on Thursday, October 10th. Finally, Bank of America reiterated a buy rating and set a $66.00 target price (down previously from $72.00) on shares of Norwegian Cruise Line in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $64.75.

NASDAQ:NCLH traded down $0.40 during trading hours on Friday, reaching $51.82. 1,944,900 shares of the company traded hands, compared to its average volume of 2,067,954. The firm’s 50-day moving average is $50.72 and its 200-day moving average is $52.15. Norwegian Cruise Line has a 1-year low of $39.36 and a 1-year high of $59.71.

Norwegian Cruise Line (NASDAQ:NCLH) last announced its earnings results on Thursday, November 7th. The company reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.08. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the company posted $2.27 EPS. Norwegian Cruise Line’s quarterly revenue was up 3.0% compared to the same quarter last year.

In other Norwegian Cruise Line news, CEO Andrew Stuart sold 12,300 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $50.02, for a total transaction of $615,246.00. Following the transaction, the chief executive officer now owns 356,873 shares of the company’s stock, valued at approximately $17,850,787.46. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Rio Frank J. Del sold 4,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $53.62, for a total value of $214,480.00. Following the transaction, the chief executive officer now directly owns 408,407 shares in the company, valued at approximately $21,898,783.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,300 shares of company stock worth $2,280,618. Corporate 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 and Estimates for Norwegian Cruise Line (NASDAQ:NCLH)

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