Equities analysts expect that Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) will report $1.31 billion in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Norwegian Cruise Line Holdings’ earnings, with estimates ranging from $1.30 billion to $1.31 billion. Norwegian Cruise Line Holdings posted sales of $1.19 billion during the same quarter last year, which suggests a positive year over year growth rate of 10.1%. The business is scheduled to issue its next earnings results on Tuesday, August 8th.

According to Zacks, analysts expect that Norwegian Cruise Line Holdings will report full-year sales of $1.31 billion for the current fiscal year, with estimates ranging from $5.25 billion to $5.34 billion. For the next financial year, analysts expect that the firm will report sales of $5.82 billion per share, with estimates ranging from $5.70 billion to $5.94 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Norwegian Cruise Line Holdings.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last posted its quarterly earnings results on Wednesday, May 10th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. Norwegian Cruise Line Holdings had a net margin of 12.57% and a return on equity of 16.76%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the company posted $0.38 EPS. Norwegian Cruise Line Holdings’s revenue was up 6.8% on a year-over-year basis.

Several brokerages have issued reports on NCLH. SunTrust Banks, Inc. lifted their price target on shares of Norwegian Cruise Line Holdings from $43.00 to $54.00 and gave the company a “hold” rating in a research note on Friday, February 24th. Citigroup Inc. lifted their price target on shares of Norwegian Cruise Line Holdings from $48.00 to $59.00 and gave the company a “buy” rating in a research note on Monday, March 6th. Wedbush reiterated a “buy” rating on shares of Norwegian Cruise Line Holdings in a research note on Saturday, May 13th. Morgan Stanley reiterated an “equal weight” rating and issued a $49.00 price target (up from $46.00) on shares of Norwegian Cruise Line Holdings in a research note on Thursday, February 23rd. Finally, ValuEngine upgraded shares of Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, June 1st. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $50.25.

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Norwegian Cruise Line Holdings (NASDAQ:NCLH) opened at 52.90 on Friday. The stock has a market capitalization of $12.06 billion, a PE ratio of 19.38 and a beta of 1.17. Norwegian Cruise Line Holdings has a 12-month low of $34.16 and a 12-month high of $56.29. The stock’s 50 day moving average is $51.83 and its 200 day moving average is $48.56.

A number of institutional investors have recently added to or reduced their stakes in the company. Achmea Investment Management B.V. bought a new position in Norwegian Cruise Line Holdings during the first quarter worth about $313,000. Cambridge Trust Co. boosted its position in Norwegian Cruise Line Holdings by 33.7% in the first quarter. Cambridge Trust Co. now owns 12,767 shares of the company’s stock worth $648,000 after buying an additional 3,216 shares in the last quarter. Meridian Wealth Management LLC bought a new position in Norwegian Cruise Line Holdings during the first quarter worth about $373,000. FNY Partners Fund LP bought a new position in Norwegian Cruise Line Holdings during the first quarter worth about $537,000. Finally, Janus Capital Management LLC boosted its position in Norwegian Cruise Line Holdings by 14.3% in the first quarter. Janus Capital Management LLC now owns 8,019,411 shares of the company’s stock worth $406,820,000 after buying an additional 1,001,491 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company’s stock.

Norwegian Cruise Line Holdings 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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