Norwegian Cruise Line (NYSE:NCLH) Releases Earnings Results, Misses Estimates By $0.05 EPS

Norwegian Cruise Line (NYSE:NCLHGet Free Report) announced its quarterly earnings data on Tuesday. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05), Briefing.com reports. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. Norwegian Cruise Line had a net margin of 1.94% and a return on equity of 108.69%. During the same period in the prior year, the firm earned ($1.10) earnings per share.

Norwegian Cruise Line Stock Down 2.1 %

NCLH stock opened at $18.69 on Thursday. Norwegian Cruise Line has a 1-year low of $12.15 and a 1-year high of $22.75. The stock’s fifty day simple moving average is $17.75 and its two-hundred day simple moving average is $16.61. The stock has a market cap of $7.95 billion, a P/E ratio of -30.64 and a beta of 2.60. The company has a current ratio of 0.22, a quick ratio of 0.27 and a debt-to-equity ratio of 40.94.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Norwegian Cruise Line by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 46,714,581 shares of the company’s stock valued at $530,678,000 after buying an additional 863,553 shares during the last quarter. BlackRock Inc. boosted its position in Norwegian Cruise Line by 0.3% during the first quarter. BlackRock Inc. now owns 23,716,207 shares of the company’s stock worth $318,983,000 after purchasing an additional 77,389 shares during the period. Capital International Investors boosted its position in Norwegian Cruise Line by 15.7% during the first quarter. Capital International Investors now owns 21,242,007 shares of the company’s stock worth $464,775,000 after purchasing an additional 2,875,079 shares during the period. State Street Corp boosted its position in Norwegian Cruise Line by 4.3% during the second quarter. State Street Corp now owns 14,087,436 shares of the company’s stock worth $306,683,000 after purchasing an additional 583,581 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in Norwegian Cruise Line by 31.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,184,791 shares of the company’s stock worth $204,105,000 after purchasing an additional 2,450,434 shares during the period. Institutional investors own 60.49% of the company’s stock.

Analyst Upgrades and Downgrades

NCLH has been the subject of several research analyst reports. Truist Financial lowered their price objective on shares of Norwegian Cruise Line from $20.00 to $17.00 and set a “hold” rating for the company in a research note on Tuesday, November 21st. Wells Fargo & Company restated an “equal weight” rating and issued a $18.00 target price on shares of Norwegian Cruise Line in a research note on Friday, January 5th. Morgan Stanley reduced their target price on Norwegian Cruise Line from $14.50 to $13.50 and set an “underweight” rating for the company in a research note on Thursday, November 2nd. Susquehanna increased their target price on Norwegian Cruise Line from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Citigroup cut their target price on Norwegian Cruise Line from $23.00 to $19.00 and set a “neutral” rating on the stock in a report on Monday, February 12th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Norwegian Cruise Line presently has a consensus rating of “Hold” and a consensus price target of $20.18.

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Norwegian Cruise Line Company Profile

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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 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 locations, including destinations in Scandinavia, Russia, 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 for Norwegian Cruise Line (NYSE:NCLH)

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