Norwegian Cruise Line (NYSE:NCLH) Issues FY 2024 Earnings Guidance

Norwegian Cruise Line (NYSE:NCLH) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 1.650-1.650 for the period, compared to the consensus EPS estimate of 1.580. The company issued revenue guidance of -. Norwegian Cruise Line also updated its FY24 guidance to $1.65 EPS.

Norwegian Cruise Line Stock Down 1.8 %

NYSE:NCLH traded down $0.46 during mid-day trading on Friday, hitting $24.88. 12,222,766 shares of the company’s stock traded hands, compared to its average volume of 12,937,590. The company has a fifty day moving average of $20.86 and a 200 day moving average of $18.60. Norwegian Cruise Line has a twelve month low of $12.70 and a twelve month high of $26.73. The company has a market capitalization of $10.94 billion, a P/E ratio of 29.27, a P/E/G ratio of 0.31 and a beta of 2.71. The company has a debt-to-equity ratio of 17.19, a quick ratio of 0.22 and a current ratio of 0.24.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $2.37 billion for 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 quarter in the prior year, the business posted $0.20 EPS. On average, analysts forecast that Norwegian Cruise Line will post 1.38 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on NCLH. Deutsche Bank Aktiengesellschaft lifted their target price on Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Friday. Barclays increased their price objective on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday. StockNews.com downgraded shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research report on Wednesday. Stifel Nicolaus increased their price target on Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, Mizuho boosted their price target on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “outperform” rating in a report on Friday. Two investment 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.