Norwegian Cruise Line (NYSE:NCLH) Updates FY24 Earnings Guidance

Norwegian Cruise Line (NYSE:NCLH) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.65 for the period, compared to the consensus estimate of $1.58. Norwegian Cruise Line also updated its FY 2024 guidance to 1.650-1.650 EPS.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NCLH shares. Tigress Financial reissued a “strong-buy” rating and issued a $32.00 price target on shares of Norwegian Cruise Line in a report on Friday, August 9th. Stifel Nicolaus lifted their price target on Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, October 4th. JPMorgan Chase & Co. upped their price objective on Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Morgan Stanley lifted their target price on Norwegian Cruise Line from $17.50 to $19.00 and gave the stock an “underweight” rating in a report on Wednesday. Finally, Citigroup raised shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their target price for the company from $20.00 to $30.00 in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Norwegian Cruise Line has an average rating of “Hold” and a consensus price target of $25.80.

Norwegian Cruise Line Trading Down 1.8 %

Shares of NCLH traded down $0.46 during mid-day trading on Friday, reaching $24.88. 12,222,766 shares of the company were exchanged, compared to its average volume of 12,283,719. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.22 and a current ratio of 0.20. Norwegian Cruise Line has a 52 week low of $12.70 and a 52 week high of $26.73. The business has a 50 day simple moving average of $20.86 and a two-hundred day simple moving average of $18.61. The stock has a market capitalization of $10.94 billion, a PE ratio of 22.83, a PEG ratio of 0.33 and a beta of 2.67.

Norwegian Cruise Line (NYSE:NCLH) last issued its earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same period last year, the business posted $0.20 EPS. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, analysts predict that Norwegian Cruise Line will post 1.38 earnings per share for the current fiscal 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.