Norwegian Cruise Line (NYSE:NCLH) Releases 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 guidance of $1.65 for the period, compared to the consensus earnings per share estimate of $1.58. Norwegian Cruise Line also updated its FY 2024 guidance to 1.650-1.650 EPS.

Analyst Ratings Changes

NCLH has been the topic of several recent research reports. Stifel Nicolaus increased their target price 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. Bank of America increased their price target on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Tigress Financial reaffirmed a “strong-buy” rating and set a $32.00 price objective on shares of Norwegian Cruise Line in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a research note on Friday. Finally, StockNews.com lowered shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $25.80.

Norwegian Cruise Line Price Performance

Shares of NYSE NCLH traded down $0.46 during trading hours on Friday, reaching $24.88. 12,222,766 shares of the stock traded hands, compared to its average volume of 12,283,719. The company’s 50-day simple moving average is $20.86 and its two-hundred day simple moving average is $18.61. The company has a market capitalization of $10.94 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 0.33 and a beta of 2.67. Norwegian Cruise Line has a 52-week low of $12.70 and a 52-week high of $26.73. The company has a quick ratio of 0.22, a current ratio of 0.20 and a debt-to-equity ratio of 10.35.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same period in the previous year, the business posted $0.20 EPS. The business’s quarterly revenue was up 7.6% on a year-over-year basis. Equities research analysts forecast that Norwegian Cruise Line will post 1.38 EPS for the current year.

About Norwegian Cruise Line

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.