Norwegian Cruise Line (NASDAQ:NCLH) Announces Quarterly Earnings Results

Norwegian Cruise Line (NASDAQ:NCLH) announced its quarterly earnings data on Thursday. The company reported $2.23 EPS for the quarter, beating the consensus estimate of $2.15 by $0.08, Briefing.com reports. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the firm posted $2.27 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. Norwegian Cruise Line updated its Q4 guidance to $0.69 EPS.

NASDAQ NCLH traded down $0.40 on Friday, hitting $51.82. The company had a trading volume of 1,944,900 shares, compared to its average volume of 2,067,954. The company’s fifty day moving average price is $50.72 and its 200-day moving average price is $52.15. Norwegian Cruise Line has a 12-month low of $39.36 and a 12-month high of $59.71.

Several analysts have commented on NCLH shares. TheStreet upgraded shares of Norwegian Cruise Line from a “c+” rating to a “b” rating in a research note on Friday, September 6th. Citigroup lifted their price objective on shares of Norwegian Cruise Line from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, August 19th. Deutsche Bank restated a “buy” rating on shares of Norwegian Cruise Line in a research note on Friday. Wedbush set a $65.00 price objective on shares of Norwegian Cruise Line and gave the company a “buy” rating in a research note on Thursday, September 12th. Finally, Argus set a $68.00 price objective on shares of Norwegian Cruise Line and gave the company a “buy” rating in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the stock. Norwegian Cruise Line presently has an average rating of “Buy” and a consensus target price of $64.75.

In other Norwegian Cruise Line news, CEO Rio Frank J. Del sold 4,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $53.62, for a total value of $214,480.00. Following the transaction, the chief executive officer now owns 408,407 shares of the company’s stock, valued at $21,898,783.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Rio Frank J. Del sold 2,456 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $50.23, for a total transaction of $123,364.88. Following the completion of the transaction, the chief executive officer now directly owns 404,094 shares in the company, valued at approximately $20,297,641.62. The disclosure for this sale can be found here. Insiders sold 45,300 shares of company stock worth $2,280,618 in the last ninety days. 0.98% of the stock is currently owned by corporate insiders.

About Norwegian Cruise Line

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.

See Also: Stop Order

Earnings History for Norwegian Cruise Line (NASDAQ:NCLH)

Receive News & Ratings for Norwegian Cruise Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line and related companies with MarketBeat.com's FREE daily email newsletter.