Norwegian Cruise Line (NYSE:NCLH) Releases FY24 Earnings Guidance

Norwegian Cruise Line (NYSE:NCLH) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $1.65 for the period, compared to the consensus earnings per share estimate of $1.58. Norwegian Cruise Line also updated its FY 2024 guidance to 1.650-1.650 EPS.

Analyst Ratings Changes

Several research firms have weighed in on NCLH. Wells Fargo & Company boosted their price target on Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday. Susquehanna boosted their target price on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Citigroup upgraded shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and increased their price target for the company from $20.00 to $30.00 in a research note on Wednesday, October 9th. Macquarie boosted their price objective on shares of Norwegian Cruise Line from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Truist Financial raised their target price on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Norwegian Cruise Line has an average rating of “Hold” and an average target price of $25.80.

Norwegian Cruise Line Stock Performance

NYSE:NCLH traded down $0.46 during mid-day trading on Friday, hitting $24.88. 12,222,766 shares of the stock were exchanged, compared to its average volume of 12,283,719. The firm’s 50-day simple moving average is $20.86 and its 200 day simple moving average is $18.61. The stock has a market capitalization of $10.94 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 0.33 and a beta of 2.67. Norwegian Cruise Line has a fifty-two week low of $12.70 and a fifty-two week high of $26.73. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.22 and a current ratio of 0.20.

Norwegian Cruise Line (NYSE:NCLH) last posted its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter last year, the firm earned $0.20 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis. As a group, equities analysts anticipate that Norwegian Cruise Line will post 1.38 EPS for the current fiscal year.

About Norwegian Cruise Line

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.