Zacks Research Equities Analysts Reduce Earnings Estimates for Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLHFree Report) – Analysts at Zacks Research lowered their FY2024 earnings per share (EPS) estimates for Norwegian Cruise Line in a note issued to investors on Tuesday, June 4th. Zacks Research analyst H. Ray now expects that the company will earn $1.08 per share for the year, down from their previous estimate of $1.09. The consensus estimate for Norwegian Cruise Line’s current full-year earnings is $1.16 per share. Zacks Research also issued estimates for Norwegian Cruise Line’s Q1 2025 earnings at $0.12 EPS, Q2 2025 earnings at $0.27 EPS, Q3 2025 earnings at $0.78 EPS, Q4 2025 earnings at $0.10 EPS, FY2025 earnings at $1.28 EPS and FY2026 earnings at $1.46 EPS.

Other research analysts also recently issued research reports about the company. Citigroup increased their price target on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Deutsche Bank Aktiengesellschaft lifted their target price on Norwegian Cruise Line from $18.00 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, May 21st. UBS Group raised their target price on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Truist Financial raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating and increased their price target for the company from $20.00 to $21.00 in a report on Wednesday, May 29th. Finally, Morgan Stanley boosted their target price on shares of Norwegian Cruise Line from $14.00 to $15.00 and gave the company an “underweight” rating in a research report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Norwegian Cruise Line has a consensus rating of “Hold” and an average price target of $21.25.

Get Our Latest Research Report on Norwegian Cruise Line

Norwegian Cruise Line Trading Down 1.5 %

Shares of NCLH opened at $18.17 on Friday. The stock has a fifty day moving average price of $17.55 and a two-hundred day moving average price of $17.91. Norwegian Cruise Line has a 52-week low of $12.70 and a 52-week high of $22.75. The company has a debt-to-equity ratio of 33.16, a quick ratio of 0.22 and a current ratio of 0.24. The company has a market cap of $7.80 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 0.31 and a beta of 2.62.

Norwegian Cruise Line (NYSE:NCLHGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%.

Hedge Funds Weigh In On Norwegian Cruise Line

Several institutional investors have recently made changes to their positions in the stock. Deutsche Bank AG boosted its stake in shares of Norwegian Cruise Line by 44.3% in the 3rd quarter. Deutsche Bank AG now owns 879,293 shares of the company’s stock worth $14,491,000 after buying an additional 269,849 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Norwegian Cruise Line by 58.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,105,324 shares of the company’s stock worth $62,240,000 after acquiring an additional 1,141,086 shares during the period. WealthPlan Investment Management LLC purchased a new position in shares of Norwegian Cruise Line during the third quarter worth about $1,824,000. Boulder Hill Capital Management LP bought a new position in Norwegian Cruise Line in the fourth quarter valued at $2,447,000. Finally, AGF Management Ltd. grew its position in Norwegian Cruise Line by 27.6% during the fourth quarter. AGF Management Ltd. now owns 625,438 shares of the company’s stock valued at $12,534,000 after acquiring an additional 135,121 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Insider Buying and Selling at Norwegian Cruise Line

In other Norwegian Cruise Line news, Director Zillah Byng-Thorne purchased 13,360 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was purchased at an average cost of $16.50 per share, for a total transaction of $220,440.00. Following the acquisition, the director now owns 13,360 shares in the company, valued at approximately $220,440. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.87% of the company’s stock.

About Norwegian Cruise Line

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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.

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

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