Norwegian Cruise Line (NYSE:NCLH) Releases Q2 2024 Earnings Guidance

Norwegian Cruise Line (NYSE:NCLH) issued an update on its second quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.320-0.320 for the period, compared to the consensus earnings per share estimate of 0.310. The company issued revenue guidance of -. Norwegian Cruise Line also updated its FY 2024 guidance to 1.320-1.320 EPS.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NCLH. The Goldman Sachs Group initiated coverage on shares of Norwegian Cruise Line in a report on Wednesday, March 13th. They set a neutral rating and a $19.00 price target for the company. Mizuho started coverage on Norwegian Cruise Line in a research note on Tuesday, March 26th. They set a neutral rating and a $21.00 target price for the company. Barclays dropped their price target on Norwegian Cruise Line from $21.00 to $20.00 and set an equal weight rating on the stock in a research report on Thursday. Susquehanna reduced their price objective on Norwegian Cruise Line from $21.00 to $18.00 and set a neutral rating for the company in a research report on Thursday. Finally, Truist Financial boosted their target price on shares of Norwegian Cruise Line from $17.00 to $20.00 and gave the stock a hold rating in a research report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Norwegian Cruise Line has a consensus rating of Hold and an average target price of $20.67.

Norwegian Cruise Line Price Performance

NYSE NCLH traded up $0.04 on Friday, reaching $15.99. The company’s stock had a trading volume of 17,016,675 shares, compared to its average volume of 13,771,958. Norwegian Cruise Line has a 52 week low of $12.70 and a 52 week high of $22.75. The company has a current ratio of 0.24, a quick ratio of 0.19 and a debt-to-equity ratio of 33.16. The firm has a market cap of $6.86 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 0.33 and a beta of 2.59. The business has a 50-day moving average price of $19.11 and a 200 day moving average price of $17.47.

Norwegian Cruise Line (NYSE:NCLH) last issued its earnings results on Tuesday, February 27th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. During the same period in the previous year, the company posted ($1.10) earnings per share. Sell-side analysts expect that Norwegian Cruise Line will post 1 EPS for the current year.

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.