Norwegian Cruise Line (NYSE:NCLH) Releases Q4 2024 Earnings Guidance

Norwegian Cruise Line (NYSE:NCLH) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.090-0.090 for the period, compared to the consensus estimate of 0.080. The company issued revenue guidance of -. Norwegian Cruise Line also updated its FY 2024 guidance to 1.650-1.650 EPS.

Analysts Set New Price Targets

A number of equities analysts recently commented on NCLH shares. Wells Fargo & Company boosted their price objective on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday. Susquehanna raised their price objective on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. StockNews.com downgraded shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a report on Wednesday. Morgan Stanley raised their price target on shares of Norwegian Cruise Line from $17.50 to $19.00 and gave the company an “underweight” rating in a report on Wednesday. Finally, Bank of America increased their target price on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Norwegian Cruise Line has a consensus rating of “Hold” and an average price target of $25.80.

Norwegian Cruise Line Stock Performance

Shares of NCLH stock traded down $0.46 during mid-day trading on Friday, reaching $24.88. The stock had a trading volume of 12,222,766 shares, compared to its average volume of 12,937,590. Norwegian Cruise Line has a 1-year low of $12.70 and a 1-year high of $26.73. The firm has a market cap of $10.94 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 0.31 and a beta of 2.71. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 17.19. The business’s fifty day moving average is $20.86 and its 200-day moving average is $18.60.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.38 billion. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. Norwegian Cruise Line’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the firm posted $0.20 EPS. On average, research analysts forecast that Norwegian Cruise Line will post 1.38 earnings per share for the current year.

Norwegian Cruise Line Company Profile

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.