Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) – Investment analysts at Wedbush boosted their Q4 2017 earnings estimates for Norwegian Cruise Line Holdings in a research note issued on Wednesday. Wedbush analyst J. Hardiman now forecasts that the company will post earnings per share of $0.75 for the quarter, up from their prior estimate of $0.69. Wedbush has a “Outperform” rating and a $61.00 price objective on the stock. Wedbush also issued estimates for Norwegian Cruise Line Holdings’ FY2018 earnings at $4.70 EPS.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $1.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.05. Norwegian Cruise Line Holdings had a net margin of 13.22% and a return on equity of 17.03%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the business posted $0.85 EPS. Norwegian Cruise Line Holdings’s quarterly revenue was up 13.3% on a year-over-year basis. COPYRIGHT VIOLATION WARNING: This story was published by Watch List News and is the property of of Watch List News. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright law. The original version of this story can be read at https://www.watchlistnews.com/norwegian-cruise-line-holdings-ltd-nclh-to-post-q4-2017-earnings-of-0-75-per-share-wedbush-forecasts/1472653.html.

A number of other research firms also recently issued reports on NCLH. Nomura lifted their price objective on shares of Norwegian Cruise Line Holdings from $62.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday. Buckingham Research lifted their price objective on shares of Norwegian Cruise Line Holdings from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday. Deutsche Bank AG lifted their price objective on shares of Norwegian Cruise Line Holdings from $53.00 to $59.00 and gave the company a “hold” rating in a report on Wednesday. Stifel Nicolaus reiterated a “buy” rating on shares of Norwegian Cruise Line Holdings in a report on Thursday. Finally, Barclays PLC lifted their price objective on shares of Norwegian Cruise Line Holdings from $59.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $56.94.

Shares of Norwegian Cruise Line Holdings (NASDAQ NCLH) traded down 2.07% on Friday, hitting $55.89. 8,774,138 shares of the stock traded hands. The firm has a market capitalization of $12.75 billion, a PE ratio of 18.89 and a beta of 1.16. The firm’s 50 day moving average is $55.28 and its 200 day moving average is $51.64. Norwegian Cruise Line Holdings has a 52 week low of $34.16 and a 52 week high of $61.48.

In other Norwegian Cruise Line Holdings news, CEO Jason Montague sold 15,000 shares of the company’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $53.26, for a total value of $798,900.00. Following the transaction, the chief executive officer now directly owns 72,831 shares in the company, valued at $3,878,979.06. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.98% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new position in Norwegian Cruise Line Holdings during the first quarter valued at approximately $116,000. Acadian Asset Management LLC bought a new position in Norwegian Cruise Line Holdings during the first quarter valued at approximately $146,000. Pacer Advisors Inc. bought a new position in Norwegian Cruise Line Holdings during the second quarter valued at approximately $197,000. Ameritas Investment Partners Inc. bought a new position in Norwegian Cruise Line Holdings during the first quarter valued at approximately $203,000. Finally, Nomura Holdings Inc. bought a new position in Norwegian Cruise Line Holdings during the first quarter valued at approximately $204,000. Hedge funds and other institutional investors own 86.18% 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.

Earnings History and Estimates for Norwegian Cruise Line Holdings (NASDAQ:NCLH)

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