Norwegian Cruise Line (NYSE:NCLH) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Norwegian Cruise Line (NYSE:NCLH) issued its quarterly earnings results on Thursday. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05, Briefing.com reports. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 earnings per share.

Norwegian Cruise Line Trading Down 1.8 %

Shares of NYSE:NCLH traded down $0.46 during midday trading on Friday, hitting $24.88. 12,222,766 shares of the stock were exchanged, compared to its average volume of 12,283,719. The business’s 50-day moving average price is $20.86 and its 200 day moving average price is $18.61. The stock has a market capitalization of $10.94 billion, a price-to-earnings ratio of 22.83, a P/E/G ratio of 0.33 and a beta of 2.67. Norwegian Cruise Line has a 12 month low of $12.70 and a 12 month high of $26.73. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.22 and a current ratio of 0.20.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Citigroup raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their price target for the company from $20.00 to $30.00 in a research note on Wednesday, October 9th. Bank of America boosted 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. Barclays increased their price target on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday. Stifel Nicolaus boosted their price objective on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Finally, Macquarie raised their target price on Norwegian Cruise Line from $24.00 to $30.00 and gave the company an “outperform” rating in a report on Friday. 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $25.80.

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.