Viking (NYSE:VIK) Posts Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Viking (NYSE:VIK) announced its quarterly earnings results on Tuesday. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.13, Briefing.com reports. Viking had a return on equity of 716.92% and a net margin of 15.53%.During the same quarter last year, the business posted $0.45 earnings per share. The company’s quarterly revenue was up 27.8% compared to the same quarter last year.

Viking Stock Down 5.1%

VIK stock opened at $74.03 on Tuesday. The stock has a market capitalization of $32.81 billion, a price-to-earnings ratio of 34.59, a price-to-earnings-growth ratio of 0.68 and a beta of 1.96. The company has a 50-day moving average of $73.59 and a two-hundred day moving average of $66.44. Viking has a 52-week low of $31.79 and a 52-week high of $81.48. The company has a debt-to-equity ratio of 5.68, a current ratio of 0.63 and a quick ratio of 0.61.

Institutional Trading of Viking

Hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new position in Viking in the 4th quarter worth approximately $386,000. Invesco Ltd. boosted its position in shares of Viking by 4.1% in the fourth quarter. Invesco Ltd. now owns 14,619,029 shares of the company’s stock valued at $1,043,945,000 after acquiring an additional 570,672 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Viking in the fourth quarter worth $2,885,000. Blue Chip Partners LLC increased its position in Viking by 16.9% during the fourth quarter. Blue Chip Partners LLC now owns 14,982 shares of the company’s stock worth $1,070,000 after acquiring an additional 2,169 shares during the period. Finally, Braeburn Wealth Management LLC bought a new position in Viking during the fourth quarter worth $259,000. Institutional investors own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. UBS Group lifted their target price on shares of Viking from $69.00 to $79.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Mizuho set a $59.00 price objective on shares of Viking in a research note on Wednesday, November 19th. Barclays upped their price objective on shares of Viking from $62.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, November 20th. Weiss Ratings restated a “hold (c)” rating on shares of Viking in a report on Monday, December 29th. Finally, Bank of America boosted their price target on Viking from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.00.

Viking Company Profile

Viking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally. It operates through River and Ocean segments. The company also operates as a tour entrepreneur for passengers and related activities in tourism. As of December 31, 2023, it operated a fleet of 92 ships, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels, and 1 river vessel charter and the Viking Mississippi; 9 ocean ships; and 2 expedition ships.