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

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Morgan Stanley upped their price target on Norwegian Cruise Line from $14.00 to $15.00 and gave the company an underweight rating in a report on Tuesday, March 5th. Barclays lowered their target price on shares of Norwegian Cruise Line from $21.00 to $20.00 and set an equal weight rating on the stock in a research note on Thursday. The Goldman Sachs Group began coverage on shares of Norwegian Cruise Line in a report on Wednesday, March 13th. They set a neutral rating and a $19.00 price objective for the company. Wells Fargo & Company dropped their target price on shares of Norwegian Cruise Line from $21.00 to $19.00 and set an equal weight rating on the stock in a report on Thursday. Finally, Truist Financial boosted their target price on shares of Norwegian Cruise Line from $17.00 to $20.00 and gave the company a hold rating in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $20.67.

Norwegian Cruise Line Price Performance

NCLH stock traded up $0.04 during trading on Friday, hitting $15.99. 17,016,675 shares of the company’s stock traded hands, compared to its average volume of 13,771,958. The business has a fifty day simple moving average of $19.11 and a 200 day simple moving average of $17.47. Norwegian Cruise Line has a 52 week low of $12.70 and a 52 week high of $22.75. The company has a debt-to-equity ratio of 33.16, a quick ratio of 0.19 and a current ratio of 0.24. The stock has a market capitalization of $6.86 billion, a price-to-earnings ratio of 22.84, a P/E/G ratio of 0.33 and a beta of 2.59.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the previous year, the business earned ($1.10) earnings per share. As a group, research analysts expect that Norwegian Cruise Line will post 1 EPS for the current fiscal year.

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.