-$1.73 Earnings Per Share Expected for Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) This Quarter

Wall Street brokerages expect that Norwegian Cruise Line Holdings Ltd. (NYSE:NCLHGet Rating) will post ($1.73) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Norwegian Cruise Line’s earnings. The lowest EPS estimate is ($1.82) and the highest is ($1.65). Norwegian Cruise Line reported earnings of ($2.03) per share in the same quarter last year, which would suggest a positive year over year growth rate of 14.8%. The firm is expected to report its next earnings report on Monday, January 1st.

On average, analysts expect that Norwegian Cruise Line will report full-year earnings of ($1.76) per share for the current year, with EPS estimates ranging from ($2.43) to ($1.15). For the next financial year, analysts forecast that the business will post earnings of $1.61 per share, with EPS estimates ranging from $1.39 to $2.03. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Norwegian Cruise Line.

Norwegian Cruise Line (NYSE:NCLHGet Rating) last issued its quarterly earnings results on Thursday, February 24th. The company reported ($1.95) earnings per share for the quarter, missing the consensus estimate of ($1.69) by ($0.26). The business had revenue of $487.40 million during the quarter, compared to analysts’ expectations of $596.21 million. Norwegian Cruise Line had a negative return on equity of 87.97% and a negative net margin of 695.48%. The company’s quarterly revenue was up 4977.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($2.33) earnings per share.

NCLH has been the subject of a number of recent analyst reports. Citigroup cut Norwegian Cruise Line from a “buy” rating to a “neutral” rating and set a $25.00 price objective for the company. in a research report on Thursday, February 10th. Morgan Stanley upgraded Norwegian Cruise Line from an “underweight” rating to an “equal weight” rating and set a $19.00 price objective for the company in a research note on Thursday, March 17th. Wells Fargo & Company began coverage on Norwegian Cruise Line in a research note on Tuesday, March 29th. They issued an “overweight” rating and a $27.00 price target for the company. Deutsche Bank Aktiengesellschaft cut their price target on Norwegian Cruise Line from $28.00 to $25.00 and set a “hold” rating for the company in a research note on Friday, February 25th. Finally, Truist Financial cut their price objective on Norwegian Cruise Line from $26.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, March 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Norwegian Cruise Line presently has a consensus rating of “Hold” and a consensus price target of $29.38.

A number of large investors have recently added to or reduced their stakes in NCLH. Invesco Ltd. increased its position in shares of Norwegian Cruise Line by 7.0% during the third quarter. Invesco Ltd. now owns 4,415,834 shares of the company’s stock worth $117,948,000 after acquiring an additional 288,595 shares during the period. Maverick Capital Ltd. purchased a new position in Norwegian Cruise Line in the third quarter valued at $1,869,000. WINTON GROUP Ltd increased its holdings in Norwegian Cruise Line by 9.3% in the third quarter. WINTON GROUP Ltd now owns 135,956 shares of the company’s stock valued at $3,631,000 after buying an additional 11,605 shares during the last quarter. ING Groep NV boosted its stake in Norwegian Cruise Line by 1.9% in the third quarter. ING Groep NV now owns 36,066 shares of the company’s stock valued at $963,000 after acquiring an additional 683 shares in the last quarter. Finally, Xponance Inc. boosted its stake in Norwegian Cruise Line by 24.3% in the fourth quarter. Xponance Inc. now owns 22,703 shares of the company’s stock valued at $471,000 after acquiring an additional 4,439 shares in the last quarter. Institutional investors own 54.29% of the company’s stock.

Shares of NYSE:NCLH traded up $1.25 on Wednesday, reaching $21.45. The company had a trading volume of 16,542,719 shares, compared to its average volume of 22,379,756. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 4.76. The firm has a market capitalization of $8.95 billion, a PE ratio of -1.72 and a beta of 2.59. Norwegian Cruise Line has a 52-week low of $14.90 and a 52-week high of $33.95. The firm’s 50 day simple moving average is $20.09 and its 200-day simple moving average is $22.27.

About Norwegian Cruise Line (Get Rating)

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 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 locations, including destinations in Scandinavia, Russia, 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.

Further Reading

Get a free copy of the Zacks research report on Norwegian Cruise Line (NCLH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Norwegian Cruise Line (NYSE:NCLH)

Receive News & Ratings for Norwegian Cruise Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line and related companies with MarketBeat.com's FREE daily email newsletter.