Brokerages Expect Norwegian Cruise Line Holdings Ltd. (NCLH) Will Post Quarterly Sales of $1.84 Billion

Wall Street brokerages expect that Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) will report sales of $1.84 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Norwegian Cruise Line’s earnings, with the lowest sales estimate coming in at $1.82 billion and the highest estimate coming in at $1.85 billion. Norwegian Cruise Line reported sales of $1.65 billion in the same quarter last year, which indicates a positive year over year growth rate of 11.5%. The firm is expected to announce its next quarterly earnings results on Thursday, November 8th.

On average, analysts expect that Norwegian Cruise Line will report full year sales of $6.05 billion for the current year, with estimates ranging from $6.01 billion to $6.07 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $6.43 billion, with estimates ranging from $6.38 billion to $6.49 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Norwegian Cruise Line.

Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings results on Thursday, August 9th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.18. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. The firm’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.02 EPS.

NCLH has been the subject of several recent analyst reports. Nomura decreased their price target on Norwegian Cruise Line from $72.00 to $65.00 and set a “buy” rating for the company in a research note on Friday, August 10th. BidaskClub upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Zacks Investment Research downgraded Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research note on Tuesday, July 3rd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Norwegian Cruise Line in a research note on Thursday, October 11th. Finally, Macquarie upgraded Norwegian Cruise Line from an “underperform” rating to a “neutral” rating and set a $55.00 price target for the company in a research note on Friday, September 28th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $64.91.

In related news, CEO Rio Frank J. Del sold 3,077 shares of the stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $55.99, for a total transaction of $172,281.23. Following the completion of the sale, the chief executive officer now owns 308,967 shares in the company, valued at approximately $17,299,062.33. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Rio Frank J. Del sold 10,657 shares of the stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $49.10, for a total value of $523,258.70. Following the sale, the chief executive officer now owns 324,286 shares of the company’s stock, valued at approximately $15,922,442.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,888 shares of company stock valued at $1,011,702. 0.98% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Piedmont Investment Advisors LLC bought a new stake in Norwegian Cruise Line during the 2nd quarter valued at approximately $114,000. Allianz Asset Management GmbH bought a new stake in shares of Norwegian Cruise Line in the 1st quarter worth approximately $215,000. Timber Hill LLC bought a new stake in shares of Norwegian Cruise Line in the 2nd quarter worth approximately $222,000. FNY Investment Advisers LLC bought a new stake in shares of Norwegian Cruise Line in the 2nd quarter worth approximately $236,000. Finally, Investment Counselors of Maryland LLC bought a new stake in shares of Norwegian Cruise Line in the 2nd quarter worth approximately $248,000. Hedge funds and other institutional investors own 88.85% of the company’s stock.

NCLH opened at $49.89 on Friday. Norwegian Cruise Line has a 52-week low of $46.16 and a 52-week high of $61.18. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.31 and a current ratio of 0.34.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The Company had 25 ships with approximately 50,400 Berths, as of May 1, 2017. The Company’s brands offer itineraries to various destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii.

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