Norwegian Cruise Line (NASDAQ:NCLH) updated its third quarter earnings guidance on Thursday. The company provided earnings per share guidance of ~$2.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.25. Norwegian Cruise Line also updated its FY18 guidance to ~$4.85 EPS.

Several equities analysts have issued reports on NCLH shares. Stifel Nicolaus lifted their price objective on Norwegian Cruise Line from $70.00 to $71.00 and gave the company a buy rating in a research report on Friday. BidaskClub downgraded Norwegian Cruise Line from a sell rating to a strong sell rating in a research report on Thursday. JPMorgan Chase & Co. cut their price objective on Norwegian Cruise Line from $70.00 to $61.00 and set an overweight rating for the company in a research report on Friday. Zacks Investment Research upgraded Norwegian Cruise Line from a sell rating to a hold rating in a research report on Friday, July 20th. Finally, Morgan Stanley cut their price objective on Norwegian Cruise Line from $64.00 to $58.00 and set an equal weight rating for the company in a research report on Tuesday, June 5th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. Norwegian Cruise Line has an average rating of Hold and an average price target of $63.75.

NCLH stock opened at $50.93 on Friday. Norwegian Cruise Line has a twelve month low of $46.16 and a twelve month high of $61.18. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.34 and a quick ratio of 0.31.

Norwegian Cruise Line (NASDAQ:NCLH) last released its earnings results on Thursday, August 9th. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.02 earnings per share. sell-side analysts forecast that Norwegian Cruise Line will post 3.66 EPS for the current year.

In other news, CEO Rio Frank J. Del sold 22,743 shares of the business’s stock in a transaction on Tuesday, July 3rd. The stock was sold at an average price of $46.96, for a total transaction of $1,068,011.28. Following the completion of the sale, the chief executive officer now owns 357,021 shares in the company, valued at $16,765,706.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Rio Frank J. Del sold 10,657 shares of the business’s stock in a transaction on Thursday, August 2nd. The stock was 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 39,554 shares of company stock valued at $1,913,001. 0.98% of the stock is currently owned by corporate insiders.

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

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