Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided EPS guidance of $3.93-$4.03 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.89. Norwegian Cruise Line Holdings also updated its Q3 guidance to approx. $1.83 EPS.
Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) traded down 0.71% during midday trading on Friday, reaching $55.78. 1,434,778 shares of the company’s stock traded hands. The firm has a market cap of $12.73 billion, a PE ratio of 18.85 and a beta of 1.16. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $34.16 and a 52-week high of $61.48. The company has a 50 day moving average of $55.63 and a 200 day moving average of $52.02.
Norwegian Cruise Line Holdings (NASDAQ:NCLH) last released its quarterly earnings results on Tuesday, August 8th. The company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.05. Norwegian Cruise Line Holdings had a net margin of 13.22% and a return on equity of 16.65%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the firm earned $0.85 earnings per share. The firm’s revenue was up 13.3% on a year-over-year basis. On average, equities analysts predict that Norwegian Cruise Line Holdings Ltd. will post $4.00 EPS for the current fiscal year.
A number of analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Norwegian Cruise Line Holdings from a buy rating to a hold rating in a report on Wednesday. Goldman Sachs Group, Inc. (The) restated a neutral rating and set a $64.00 price objective (up previously from $60.00) on shares of Norwegian Cruise Line Holdings in a report on Tuesday. UBS AG restated a neutral rating and set a $60.00 price objective (up previously from $51.00) on shares of Norwegian Cruise Line Holdings in a report on Thursday, August 10th. Barclays PLC raised their price objective on shares of Norwegian Cruise Line Holdings from $59.00 to $64.00 and gave the stock an overweight rating in a report on Thursday, August 10th. Finally, Stifel Nicolaus reiterated a buy rating on shares of Norwegian Cruise Line Holdings in a research note on Thursday, August 10th. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of Buy and an average target price of $57.94.
In other news, EVP Harry Sommer sold 11,807 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $58.42, for a total value of $689,764.94. Following the completion of the sale, the executive vice president now directly owns 42,195 shares in the company, valued at approximately $2,465,031.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $54.57, for a total transaction of $306,956,250.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,651,807 shares of company stock valued at $308,444,915. Company insiders own 0.98% of the company’s stock.
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About Norwegian Cruise Line Holdings
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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