Norwegian Cruise Line (NYSE:NCLH) Releases FY 2024 Earnings Guidance

Norwegian Cruise Line (NYSE:NCLH) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 1.320-1.320 for the period, compared to the consensus EPS estimate of 1.300. The company issued revenue guidance of -. Norwegian Cruise Line also updated its FY24 guidance to ~$1.32 EPS.

Norwegian Cruise Line Stock Up 0.3 %

Norwegian Cruise Line stock traded up $0.04 during midday trading on Friday, reaching $15.99. The company’s stock had a trading volume of 17,016,675 shares, compared to its average volume of 13,771,958. Norwegian Cruise Line has a fifty-two week low of $12.70 and a fifty-two week high of $22.75. The company has a market cap of $6.86 billion, a P/E ratio of 22.84, a P/E/G ratio of 0.33 and a beta of 2.59. The company has a quick ratio of 0.19, a current ratio of 0.24 and a debt-to-equity ratio of 33.16. The business has a 50-day simple moving average of $19.11 and a 200-day simple moving average of $17.47.

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). Norwegian Cruise Line had a net margin of 3.84% and a return on equity of 136.20%. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period last year, the company earned ($1.10) earnings per share. On average, research analysts expect that Norwegian Cruise Line will post 1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NCLH. Citigroup lowered their target price on Norwegian Cruise Line from $23.00 to $19.00 and set a neutral rating on the stock in a research note on Monday, February 12th. Wells Fargo & Company dropped their price target on shares of Norwegian Cruise Line from $21.00 to $19.00 and set an equal weight rating on the stock in a research note on Thursday. Mizuho initiated coverage on shares of Norwegian Cruise Line in a research report on Tuesday, March 26th. They issued a neutral rating and a $21.00 price objective for the company. Barclays dropped their target price on Norwegian Cruise Line from $21.00 to $20.00 and set an equal weight rating on the stock in a research report on Thursday. Finally, Morgan Stanley lifted their price target on Norwegian Cruise Line from $14.00 to $15.00 and gave the company an underweight rating in a research note on Tuesday, March 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of Hold and an average target price 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.