Analysts Anticipate Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) to Announce -$1.69 EPS

Equities analysts predict that Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) will report earnings per share of ($1.69) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Norwegian Cruise Line’s earnings. The highest EPS estimate is ($1.53) and the lowest is ($1.80). Norwegian Cruise Line posted earnings per share of ($2.33) during the same quarter last year, which would indicate a positive year over year growth rate of 27.5%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 24th.

On average, analysts expect that Norwegian Cruise Line will report full-year earnings of ($7.95) per share for the current year, with EPS estimates ranging from ($8.59) to ($7.64). For the next fiscal year, analysts expect that the firm will report earnings of ($0.38) per share, with EPS estimates ranging from ($1.12) to $0.43. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Norwegian Cruise Line.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Wednesday, November 3rd. The company reported ($2.17) EPS for the quarter, missing the Zacks’ consensus estimate of ($2.11) by ($0.06). The firm had revenue of $153.08 million during the quarter, compared to analysts’ expectations of $172.30 million. Norwegian Cruise Line had a negative net margin of 2,158.84% and a negative return on equity of 74.83%. The company’s revenue for the quarter was up 2248.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($2.35) EPS.

NCLH has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on Norwegian Cruise Line from $26.00 to $28.00 and gave the company a “hold” rating in a research note on Friday, November 5th. Berenberg Bank lifted their price objective on Norwegian Cruise Line from $25.00 to $27.00 and gave the company a “hold” rating in a research note on Thursday, November 11th. They noted that the move was a valuation call. Citigroup assumed coverage on Norwegian Cruise Line in a research note on Monday, October 25th. They set a “buy” rating and a $39.00 price objective for the company. Wedbush boosted their price target on Norwegian Cruise Line from $30.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, November 4th. Finally, Morgan Stanley decreased their price target on Norwegian Cruise Line from $23.00 to $22.00 and set an “underweight” rating for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $31.85.

Several institutional investors and hedge funds have recently modified their holdings of NCLH. Mascoma Wealth Management LLC purchased a new stake in shares of Norwegian Cruise Line during the 3rd quarter worth approximately $27,000. MCF Advisors LLC raised its holdings in shares of Norwegian Cruise Line by 298.4% during the 3rd quarter. MCF Advisors LLC now owns 1,012 shares of the company’s stock worth $27,000 after acquiring an additional 758 shares in the last quarter. Eagle Bay Advisors LLC purchased a new stake in Norwegian Cruise Line during the 3rd quarter valued at $29,000. PSI Advisors LLC purchased a new stake in Norwegian Cruise Line during the 3rd quarter valued at $30,000. Finally, Wagner Wealth Management LLC raised its holdings in Norwegian Cruise Line by 137.0% during the 2nd quarter. Wagner Wealth Management LLC now owns 1,064 shares of the company’s stock valued at $31,000 after buying an additional 615 shares during the period. 53.77% of the stock is currently owned by institutional investors and hedge funds.

Shares of NCLH traded down $0.15 on Friday, reaching $22.96. The stock had a trading volume of 937,012 shares, compared to its average volume of 19,625,190. The firm has a market capitalization of $8.50 billion, a price-to-earnings ratio of -2.11 and a beta of 2.69. The company has a debt-to-equity ratio of 4.12, a quick ratio of 1.08 and a current ratio of 1.12. The company has a 50-day simple moving average of $22.24 and a 200-day simple moving average of $24.61. Norwegian Cruise Line has a 12-month low of $17.78 and a 12-month high of $34.49.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd. engages in the provision of cruise travel services. It provides cruise experiences for travelers with itineraries in North America, Mediterranean, Baltic, Central America, Bermuda and Caribbean. It also offers an entirely inter-island itinerary in Hawaii. Its brands include Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises.

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