Norwegian Cruise Line (NYSE:NCLH) Issues Q2 2024 Earnings Guidance

Norwegian Cruise Line (NYSE:NCLH) updated its second quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.320-0.320 for the period, compared to the consensus EPS estimate of 0.310. The company issued revenue guidance of -. Norwegian Cruise Line also updated its FY 2024 guidance to 1.320-1.320 EPS.

Norwegian Cruise Line Stock Up 0.3 %

Shares of NCLH traded up $0.04 on Friday, hitting $15.99. 17,016,675 shares of the stock traded hands, compared to its average volume of 13,771,958. The business has a 50 day simple moving average of $19.11 and a 200 day simple moving average of $17.47. The company has a debt-to-equity ratio of 33.16, a quick ratio of 0.19 and a current ratio of 0.24. Norwegian Cruise Line has a one year low of $12.70 and a one year high of $22.75. The company has a market capitalization of $6.86 billion, a PE ratio of 22.84, a P/E/G ratio of 0.33 and a beta of 2.59.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Norwegian Cruise Line had a net margin of 3.84% and a return on equity of 136.20%. During the same period in the previous year, the business earned ($1.10) EPS. As a group, equities analysts forecast that Norwegian Cruise Line will post 1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Mizuho initiated coverage on Norwegian Cruise Line in a research note on Tuesday, March 26th. They issued a neutral rating and a $21.00 price objective for the company. Susquehanna lowered their target price on Norwegian Cruise Line from $21.00 to $18.00 and set a neutral rating for the company in a research report on Thursday. Truist Financial lifted their price target on Norwegian Cruise Line from $17.00 to $20.00 and gave the stock a hold rating in a research report on Friday, March 1st. The Goldman Sachs Group initiated coverage on Norwegian Cruise Line in a report on Wednesday, March 13th. They issued a neutral rating and a $19.00 target price for the company. Finally, Morgan Stanley raised their price target on Norwegian Cruise Line from $14.00 to $15.00 and gave the stock an underweight rating in a research report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $20.67.

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.