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

Norwegian Cruise Line (NYSE:NCLH) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.320-1.320 for the period, compared to the consensus EPS estimate of 1.300. The company issued revenue guidance of -. Norwegian Cruise Line also updated its FY24 guidance to ~$1.32 EPS.

Norwegian Cruise Line Stock Performance

Shares of NCLH traded up $0.04 on Friday, reaching $15.99. 17,016,675 shares of the stock traded hands, compared to its average volume of 13,771,958. The firm has a market cap of $6.86 billion, a price-to-earnings ratio of 22.84, a P/E/G ratio of 0.33 and a beta of 2.59. Norwegian Cruise Line has a 12 month low of $12.70 and a 12 month high of $22.75. The stock’s 50-day moving average price is $19.11 and its 200-day moving average price is $17.47. The company has a debt-to-equity ratio of 33.16, a current ratio of 0.24 and a quick ratio of 0.19.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Tuesday, February 27th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate 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 business posted ($1.10) earnings per share. Equities analysts forecast that Norwegian Cruise Line will post 1 EPS for the current fiscal year.

Analyst Ratings Changes

NCLH has been the subject of a number of recent research reports. Truist Financial increased their target price on Norwegian Cruise Line from $17.00 to $20.00 and gave the stock a hold rating in a report on Friday, March 1st. Wells Fargo & Company cut their price objective on Norwegian Cruise Line from $21.00 to $19.00 and set an equal weight rating for the company in a report on Thursday. Stifel Nicolaus reaffirmed a buy rating and issued a $25.00 target price on shares of Norwegian Cruise Line in a report on Tuesday, April 9th. Mizuho started coverage on shares of Norwegian Cruise Line in a report on Tuesday, March 26th. They set a neutral rating and a $21.00 price target for the company. Finally, The Goldman Sachs Group initiated coverage on shares of Norwegian Cruise Line in a research report on Wednesday, March 13th. They issued a neutral rating and a $19.00 price target on the stock. One 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.com, Norwegian Cruise Line presently has an average rating of Hold and an average price target of $20.67.

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.