Wall Street brokerages expect Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) to announce $1.63 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Norwegian Cruise Line’s earnings, with estimates ranging from $1.63 billion to $1.64 billion. Norwegian Cruise Line posted sales of $1.52 billion during the same quarter last year, which suggests a positive year over year growth rate of 7.2%. The business is expected to announce its next quarterly earnings results on Thursday, August 8th.

On average, analysts expect that Norwegian Cruise Line will report full year sales of $6.45 billion for the current fiscal year, with estimates ranging from $6.44 billion to $6.47 billion. For the next year, analysts anticipate that the business will report sales of $7.14 billion, with estimates ranging from $7.08 billion to $7.18 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Norwegian Cruise Line.

Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.12. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm posted $0.60 EPS.

NCLH has been the topic of a number of recent research reports. BidaskClub lowered Norwegian Cruise Line from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Zacks Investment Research raised Norwegian Cruise Line from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research note on Tuesday, February 26th. Morgan Stanley boosted their price objective on Norwegian Cruise Line from $64.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, May 10th. Buckingham Research boosted their price objective on Norwegian Cruise Line from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Finally, TheStreet raised Norwegian Cruise Line from a “c+” rating to a “b-” rating in a research note on Wednesday, February 6th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $67.00.

NASDAQ NCLH traded down $0.63 on Wednesday, reaching $56.92. 1,255,442 shares of the company were exchanged, compared to its average volume of 2,110,227. Norwegian Cruise Line has a fifty-two week low of $39.36 and a fifty-two week high of $59.71.

In other Norwegian Cruise Line news, CEO Rio Frank J. Del sold 3,077 shares of Norwegian Cruise Line stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $56.52, for a total value of $173,912.04. Following the sale, the chief executive officer now owns 453,968 shares in the company, valued at $25,658,271.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Stuart sold 42,000 shares of Norwegian Cruise Line stock in a transaction on Monday, February 25th. The shares were sold at an average price of $55.95, for a total value of $2,349,900.00. Following the completion of the sale, the chief executive officer now owns 389,434 shares in the company, valued at approximately $21,788,832.30. The disclosure for this sale can be found here. Insiders sold 104,584 shares of company stock worth $5,815,607 in the last 90 days. Company insiders own 0.98% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in shares of Norwegian Cruise Line by 14.6% in the 4th quarter. BlackRock Inc. now owns 14,287,003 shares of the company’s stock valued at $605,627,000 after buying an additional 1,817,368 shares during the period. Bank of America Corp DE raised its holdings in shares of Norwegian Cruise Line by 940.3% in the 4th quarter. Bank of America Corp DE now owns 5,763,182 shares of the company’s stock valued at $244,302,000 after buying an additional 5,209,207 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Norwegian Cruise Line by 5.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,258,749 shares of the company’s stock valued at $138,134,000 after buying an additional 174,266 shares during the period. Geode Capital Management LLC raised its holdings in shares of Norwegian Cruise Line by 5.9% in the 1st quarter. Geode Capital Management LLC now owns 3,133,737 shares of the company’s stock valued at $171,937,000 after buying an additional 175,526 shares during the period. Finally, Norges Bank purchased a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at $131,353,000. Hedge funds and other institutional investors own 88.85% of the company’s stock.

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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